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- Publisher Website: 10.1287/mnsc.2019.3351
- Scopus: eid_2-s2.0-85084982316
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Article: A balancing act of regulating on-demand ride services
Title | A balancing act of regulating on-demand ride services |
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Authors | |
Keywords | Public policy Consumer welfare Social welfare On-demand ride services |
Issue Date | 2020 |
Citation | Management Science, 2020, v. 66, n. 7, p. 2975-2992 How to Cite? |
Abstract | © 2019 INFORMS Regulating on-demand ride-hailing services (e.g., Uber and DiDi) requires a balance of multiple competing objectives: encouraging innovative business models (e.g., DiDi), sustaining traditional industries (e.g., taxi), creating new jobs, and reducing traffic congestion. This study is motivated by a regulatory policy implemented by the Chinese government in 2017 and a similar policy approved by the New York City Council in 2018 that regulate the “maximum” number of registered Uber/DiDi drivers. We examine the impact of these policies on the welfare of different stakeholders (i.e., consumers, taxi drivers, on-demand ride service company, and independent drivers). By analyzing a two-period dynamic game that involves these stakeholders, we find that, without government intervention, the on-demand ride service platform can drive the traditional taxi industry out of the market under certain conditions. Relative to no regulations and a complete ban policy, a carefully designed regulatory policy can strike a better balance of multiple competing objectives. Finally, if a government can reform the taxi industry by adjusting the taxi fare, then lowering the taxi fare instead of imposing a strict policy toward on-demand ride services can improve the total social welfare. |
Persistent Identifier | http://hdl.handle.net/10722/296262 |
ISSN | 2023 Impact Factor: 4.6 2023 SCImago Journal Rankings: 5.438 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Yu, Jiayi Joey | - |
dc.contributor.author | Tang, Christopher S. | - |
dc.contributor.author | Shen, Zuo Jun Max | - |
dc.contributor.author | Chen, Xiqun Michael | - |
dc.date.accessioned | 2021-02-11T04:53:11Z | - |
dc.date.available | 2021-02-11T04:53:11Z | - |
dc.date.issued | 2020 | - |
dc.identifier.citation | Management Science, 2020, v. 66, n. 7, p. 2975-2992 | - |
dc.identifier.issn | 0025-1909 | - |
dc.identifier.uri | http://hdl.handle.net/10722/296262 | - |
dc.description.abstract | © 2019 INFORMS Regulating on-demand ride-hailing services (e.g., Uber and DiDi) requires a balance of multiple competing objectives: encouraging innovative business models (e.g., DiDi), sustaining traditional industries (e.g., taxi), creating new jobs, and reducing traffic congestion. This study is motivated by a regulatory policy implemented by the Chinese government in 2017 and a similar policy approved by the New York City Council in 2018 that regulate the “maximum” number of registered Uber/DiDi drivers. We examine the impact of these policies on the welfare of different stakeholders (i.e., consumers, taxi drivers, on-demand ride service company, and independent drivers). By analyzing a two-period dynamic game that involves these stakeholders, we find that, without government intervention, the on-demand ride service platform can drive the traditional taxi industry out of the market under certain conditions. Relative to no regulations and a complete ban policy, a carefully designed regulatory policy can strike a better balance of multiple competing objectives. Finally, if a government can reform the taxi industry by adjusting the taxi fare, then lowering the taxi fare instead of imposing a strict policy toward on-demand ride services can improve the total social welfare. | - |
dc.language | eng | - |
dc.relation.ispartof | Management Science | - |
dc.subject | Public policy | - |
dc.subject | Consumer welfare | - |
dc.subject | Social welfare | - |
dc.subject | On-demand ride services | - |
dc.title | A balancing act of regulating on-demand ride services | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1287/mnsc.2019.3351 | - |
dc.identifier.scopus | eid_2-s2.0-85084982316 | - |
dc.identifier.volume | 66 | - |
dc.identifier.issue | 7 | - |
dc.identifier.spage | 2975 | - |
dc.identifier.epage | 2992 | - |
dc.identifier.eissn | 1526-5501 | - |
dc.identifier.isi | WOS:000555783900009 | - |
dc.identifier.issnl | 0025-1909 | - |