Integrated reward scheme and surge pricing in a ride sourcing market

• Main Authors: YANG, Hai, SHAO, Chaoyi, WANG, Hai, YE, Jieping
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2018
• Subjects: Ride-Sourcing; Surge Pricing; Reward Scheme; User Utility; Driver Income; Platform Revenue; Computer and Systems Architecture; Programming Languages and Compilers
• Online Access: https://ink.library.smu.edu.sg/sis_research/4336; https://ink.library.smu.edu.sg/context/sis_research/article/5339/viewcontent/SSRN_id3198081.pdf
• Institution: Singapore Management University

Surge pricing is commonly used in on-demand ride-sourcing platforms (e.g., Uber, Lyft and Didi) to dynamically balance demand and supply. However, since the price for ride service cannot be unlimited, there is usually a reasonable or legitimate range of prices in practice. Such a constrained surge p...