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Pricing strategies for shared parking management with double auction approach: Differential price vs. uniform price

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  • Xiao, Haohan
  • Xu, Meng
  • Yang, Hai

Abstract

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.

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  • Xiao, Haohan & Xu, Meng & Yang, Hai, 2020. "Pricing strategies for shared parking management with double auction approach: Differential price vs. uniform price," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 136(C).
    • Handle: RePEc:eee:transe:v:136:y:2020:i:c:s1366554519307252
    DOI: 10.1016/j.tre.2020.101899
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    Cited by:

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    9. Zhang, Fangni & Lindsey, Robin & Yang, Hai & Shao, Chaoyi & Liu, Wei, 2022. "Two-sided pricing strategies for a parking sharing platform: Reselling or commissioning?," Transportation Research Part B: Methodological, Elsevier, vol. 163(C), pages 40-63.
    10. Xiao, Haohan & Xu, Meng, 2022. "Modelling bidding behaviors in shared parking auctions considering anticipated regrets," Transportation Research Part A: Policy and Practice, Elsevier, vol. 161(C), pages 88-106.
    11. Syed Asif Raza, 2020. "Price Differentiation and Inventory Decisions in a Socially Responsible Dual-Channel Supply Chain with Partial Information Stochastic Demand and Cannibalization," Sustainability, MDPI, vol. 12(22), pages 1-42, November.
    12. Li, Jianbin & Liu, Lang & Luo, Xiaomeng & Zhu, Stuart X., 2023. "Interactive bundle pricing strategy for online pharmacies," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 177(C).
    13. Tang, Zhe-Yi & Tian, Li-Jun & Wang, David Z.W., 2021. "Multi-modal morning commute with endogenous shared autonomous vehicle penetration considering parking space constraint," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 151(C).
    14. Najmi, Ali & Bostanara, Maryam & Gu, Ziyuan & Rashidi, Taha H., 2021. "On-street parking management and pricing policies: An evaluation from a system enhancement perspective," Transportation Research Part A: Policy and Practice, Elsevier, vol. 146(C), pages 128-151.

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