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http://hdl.handle.net/10397/94129
Title: | Unlock the sharing economy : the case of the parking sector for recurrent commuting trips | Authors: | Liu, W Zhang, F Wang, X Shao, C Yang, H |
Issue Date: | Mar-2022 | Source: | Transportation science, Mar.-Apr. 2022, v. 56, no. 2, p. 338-357 | Abstract: | This study examines the pricing strategy of a parking sharing platform that rents the daytime-usage rights of private parking spaces from parking owners and sells them to parking users. In an urban area with both shared parking and curbside parking, a choice equilibrium model is proposed to predict the number of shared parking users under any given pricing strategy of the platform. We analytically analyze how the pricing strategy of the platform (price charged on users and rent paid to parking owners or sharers) would affect the parking choice equilibrium and several system efficiency metrics. It is shown that the platform is profitable when some parking owners have a relatively small inconvenience cost from sharing their spaces, but its profit is always negative at minimum social cost. Numerical studies are conducted to illustrate the analytical results and provide further understanding. | Keywords: | Parking choice equilibrium Revenue maximization Shared parking Social cost minimization Two-sided market |
Publisher: | Institute for Operations Research and the Management Sciences | Journal: | Transportation science | ISSN: | 0041-1655 | DOI: | 10.1287/trsc.2021.1103 | Rights: | © 2022 INFORMS The following publication Liu, W., Zhang, F., Wang, X., Shao, C., & Yang, H. (2022). Unlock the Sharing Economy: The Case of the Parking Sector for Recurrent Commuting Trips. Transportation Science, 56(2), 338-357 is available at https://dx.doi.org/10.1287/trsc.2021.1103. |
Appears in Collections: | Journal/Magazine Article |
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File | Description | Size | Format | |
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2022_TS_shared_parking.pdf | Pre-Published version | 1.25 MB | Adobe PDF | View/Open |
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