The market economy of trips

Mobility on Demand (MOD) systems allow users to pick-up and drop-off vehicles (bikes, automobiles) ubiquitously in a network of parking stations. Asymmetric demand patterns cause unbalanced fleet allocation decreasing level of service. Current redistribution policies are complex to plan and typically cost more that the usage revenues of the system. The Market Economy of Trips (MET) explores a new operation model based on a double auction market where cost-minimizing users are both buyers and sellers of trip rights while profit-maximizing stations are competing auctioneers that trade them. Trip rights are priced relatively to the inventory needs of origin and destination stations. A theory, a game, and a model are presented to explore equilibrium and limits of efficiency of MET under different demand patterns and income distribution.

Department dc:contributor.department

Massachusetts Institute of Technology. Dept. of Architecture. Program in Media Arts and Sciences.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2011

Author dc:creator

• Papanikolaou, Dimitrios, M.S. Massachusetts Institute of Technology

Advisor dc:contributor.advisor

• Kent Larson.

• Architecture. Program in Media Arts and Sciences.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/69806

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/69806