A multimodal multi-provider market equilibrium model: A game-theoretic approach

Research output: Contribution to journalResearch articleContributedpeer-review

Contributors

Abstract

The prominent planning components of recent transport systems are multimodality, pricing, shared mobility, and bundling. These systems consist of several service providers competing for a higher benefit or a lower cost. This paper proposes a generalised multi-modal multi-provider market equilibrium model to evaluate the operation of transport systems. The model includes the modes of a private vehicle, walking, public transport, ride-sourcing, ridesharing-as-driver, and ridesharing-as-rider. The economic behaviours of the service providers and a network operator are modelled using optimisation problems, i.e. their Karush–Kuhn–Tucker (KKT) optimality conditions in combination with user equilibrium conditions of travellers, forming a complementarity formulation for the market at equilibrium. Extensive computational experiments on an abstract network in Sydney demonstrate the use of the model for handling responses of various market players to EVs technological improvements, travel demand changes, restrictions on GHG emissions, and diminishing ridesharing use cultural barriers.

Details

Original languageEnglish
Article number103959
JournalTransportation Research Part C: Emerging Technologies
Volume146
Publication statusPublished - Jan 2023
Peer-reviewedYes

External IDs

ORCID /0000-0002-2939-2090/work/141543731
WOS 000928209700007

Keywords

Keywords

  • Complementarity formulation, Equilibrium, Multimodality, Ride-sourcing, Ridesharing, Transport planning, Ridesharing Equilibrium