Spatio-Temporal Pricing for Ridesharing Platforms

@article{Ma2018SpatioTemporalPF,
  title={Spatio-Temporal Pricing for Ridesharing Platforms},
  author={Hongyao Ma and Fei Fang and David C. Parkes},
  journal={CoRR},
  year={2018},
  volume={abs/1801.04015}
}
Ridesharing platforms match drivers and riders to trips, using dynamic prices to balance supply and demand. A challenge is to set prices that are appropriately smooth in space and time, so that drivers will choose to accept their dispatched trips, rather than drive to another area or wait for higher prices or a better trip. We work in a complete information, discrete time, multiperiod, multi-location model, and introduce the Spatio-Temporal Pricing (STP) mechanism. The mechanism is incentive… CONTINUE READING
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