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    Dynamics of Ride Sharing Competition

    Lee, Cassey | July 2017
    Abstract
    This paper studies the dynamics of ride-sharing competition. Ride-sharing is modelled as a spatial two-sided market with heterogeneous passengers and drivers, both located on a Salop (1979) circle. The model is simulated to study four aspects of ride-sharing competition:(i) price distribution and dynamics, (ii) strategic pricing, (iii) fixed pricing vs. surge pricing, and (iv) information-sharing. Dynamic platform competition in a spatial setting can generate distinct and persistent bands of fluctuating prices. Space and stochastic luck can mitigate winner-take-all effects in price competition. Platforms adopting fixed pricing can compete with platform with surge pricing provided the former are not set too high. However, space and stochastic luck can also render the outcomes of such competition uncertain. Information sharing eliminates price fluctuations by pooling information on demand. The complexity of ride-sharing implies that the impact of policy interventions cannot be known in advance in some cases.
    Citation
    Lee, Cassey. 2017. Dynamics of Ride Sharing Competition. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/7689.
    Keywords
    Price stabilization
    Food prices
    Price policy
    Crisis
    Unemployment
    Economic cooperation
    Gross domestic product
    Employment
    Economic forecast
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Social condition
    Economic dependence
    Economic assistance
    Economic Crisis
    Economic Efficiency
    Economic Policies
    Regional Economic Development
    Job Evaluation
    Evaluation
    Macroeconomic
    Macroeconomic Analysis
    Performance Evaluation
    Impact Evaluation
    Economic Welfare
    Economic Incentives
    Open price system
    Price fixing
    Price regulation
    Consumer price indexes
    Financial crisis
    Labor economics
    Regional economics
    Turnover
    Economic survey
    Job analysis
    Labor turnover
    Exports
    Economic development projects
    Economic policy
    Economic forecasting
    Welfare economics
    Welfare state
    Poor
    Food relief
    Poverty
    Domestic economic assistance
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    Citable URI
    http://hdl.handle.net/11540/7689
    Metadata
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    ISEASEWP2017-05Lee.pdf (886.0Kb)
    Author
    Lee, Cassey
    Theme
    Economics
    Evaluation
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise