Pricing of shared-parking lot: An application of hotelling model

Wei Zhang, Shuaian Wang

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

1 Citation (Scopus)

Abstract

Shared-parking lot brings utilization improvement, but also has its disadvantage compared with traditional parking lot while they are competing for public users. In the market including both shared-parking lot and traditional parking lot, parking lot operators need to know how to deal with parking price to be competitive in the market. The Hotelling model is applied in this paper to study the product differentiation of traditional parking lot and shared-parking lot, with some equilibrium analyses to figure out equilibrium parking prices of both parking lots while considering their competition in the market. Two points of indifferent consumers exist in the competition of the traditional parking lot and the shared- parking lot.

Original languageEnglish
Title of host publicationIntelligent Interactive Multimedia Systems and Services - Proceedings of 2018 Conference
EditorsLakhmi C. Jain, Ljubo Vlacic, Robert J. Howlett, Giuseppe De Pietro, Luigi Gallo, Robert J. Howlett, Lakhmi C. Jain, Lakhmi C. Jain
PublisherSpringer Science and Business Media Deutschland GmbH
Pages310-317
Number of pages8
ISBN (Print)9783319922300
DOIs
Publication statusPublished - Jun 2019
Event11th International KES Conference on Intelligent Interactive Multimedia: Systems and Services, KES-IIMSS 2018 - Gold Coast, Australia
Duration: 20 Jun 201822 Jun 2018

Publication series

NameSmart Innovation, Systems and Technologies
Volume98
ISSN (Print)2190-3018
ISSN (Electronic)2190-3026

Conference

Conference11th International KES Conference on Intelligent Interactive Multimedia: Systems and Services, KES-IIMSS 2018
Country/TerritoryAustralia
CityGold Coast
Period20/06/1822/06/18

ASJC Scopus subject areas

  • Decision Sciences(all)
  • Computer Science(all)

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