The impact of ride-hail surge factors on taxi bookings

• Main Authors: AGARWAL, Sumit, CHAROENWONG, Ben, CHENG, Shih-Fen, KEPPO, Jussi
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: Ride-hailing surge pricing; Taxi demand; Cross-price elasticity of taxi bookings; Taxi demand prediction; Asian Studies; Computer Sciences; Operations Research, Systems Engineering and Industrial Engineering; Transportation
• Online Access: https://ink.library.smu.edu.sg/sis_research/6955; https://ink.library.smu.edu.sg/context/sis_research/article/7958/viewcontent/Ride_Hail_Surge_Factors_av.pdf
• Institution: Singapore Management University

We study the role of ride-hailing surge factors on the allocative efficiency of taxis by combining a reduced-form estimation with structural analyses using machine-learning-based demand predictions. Where other research study the effect of entry on incumbent taxis, we use higher frequency granular d...