TY - JOUR
T1 - Pricing strategies for shared parking management with double auction approach
T2 - Differential price vs. uniform price
AU - Xiao, Haohan
AU - Xu, Meng
AU - Yang, Hai
N1 - Publisher Copyright:
© 2020 Elsevier Ltd
PY - 2020/4
Y1 - 2020/4
N2 - Focusing on the price issue in shared parking, two auction-based pricing strategies are designed in a double environment covering parking suppliers and demanders. A novel uniform price strategy (UPS) is proposed to set unique transaction prices for winning participants, it is in contrast with the differential price strategy (DPS), which sets differential transaction prices. The DPS and UPS are compared from the perspective of parking platform's payoff and participants’ utilities theoretically and numerically. It shows that the DPS is superior to the UPS in terms of parking platform's payoff whilst the UPS outperforms the DPS in terms of participants’ utilities.
AB - Focusing on the price issue in shared parking, two auction-based pricing strategies are designed in a double environment covering parking suppliers and demanders. A novel uniform price strategy (UPS) is proposed to set unique transaction prices for winning participants, it is in contrast with the differential price strategy (DPS), which sets differential transaction prices. The DPS and UPS are compared from the perspective of parking platform's payoff and participants’ utilities theoretically and numerically. It shows that the DPS is superior to the UPS in terms of parking platform's payoff whilst the UPS outperforms the DPS in terms of participants’ utilities.
KW - Differential price strategy
KW - Double auction
KW - Shared parking
KW - Uniform price strategy
UR - https://www.webofscience.com/wos/woscc/full-record/WOS:000523602300013
UR - https://openalex.org/W3012222059
UR - https://www.scopus.com/pages/publications/85081198906
U2 - 10.1016/j.tre.2020.101899
DO - 10.1016/j.tre.2020.101899
M3 - Journal Article
SN - 1366-5545
VL - 136
JO - Transportation Research Part E: Logistics and Transportation Review
JF - Transportation Research Part E: Logistics and Transportation Review
M1 - 101899
ER -