A long term impact of ridesharing on private car ownership

C. Bai, X. L. Wang, W. Liu, H. Yang

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

Abstract

The recent emergence of dynamic ridesharing apps boosts the popularity of ridesharing around the world. It is believed that a cheaper and easier ridesharing service would reduce the car ownership. However, as ridesharing reduces the cost of driving, it may induce car purchasing behaviors for those travelers who originally cannot afford the cost of car ownership. Therefore, it is possible that a ridesharing program may accelerate the increase of car ownership for a city. In this paper, assuming travelers' value of time increases with economic growth, we investigate the impacts of ridesharing on the change of travelers' car ownership in a long run. As shown by a numerical example, inappropriately designed cost sharing schemes may accelerate the increase of car ownership in the long run, so properties of driver-rider cost sharing strategies are examined based on the fixed matching probabilities.

Original languageEnglish
Title of host publicationTransport and Society - Proceeding of the 22nd International Conference of Hong Kong Society for Transportation Studies, HKSTS 2017
EditorsAnthony Chen, Tony N.N. Sze
PublisherHong Kong Society for Transportation Studies Limited
Pages354-361
Number of pages8
ISBN (Electronic)9789881581464
Publication statusPublished - Dec 2017
Externally publishedYes
Event22nd International Conference of Hong Kong Society for Transportation Studies: Transport and Society, HKSTS 2017 - Hong Kong, Hong Kong
Duration: 9 Dec 201711 Dec 2017

Publication series

NameTransport and Society - Proceeding of the 22nd International Conference of Hong Kong Society for Transportation Studies, HKSTS 2017

Conference

Conference22nd International Conference of Hong Kong Society for Transportation Studies: Transport and Society, HKSTS 2017
Country/TerritoryHong Kong
CityHong Kong
Period9/12/1711/12/17

Keywords

  • Car ownership
  • Long term impact
  • Mode choice
  • Ridesharing

ASJC Scopus subject areas

  • Transportation

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