Abstract
The advent of on-demand mobility services has revolutionized travel, yet profit-driven platform strategies like high commissions and opaque pricing have sparked dissatisfaction among both drivers and passengers. In response, we propose the implementation of a decentralized pricing and matching system. The approach involves active participation from all stakeholders, ensuring collective decision-making and the optimization of crucial market metrics to foster efficiency and fair pricing. Within this system, passengers suggest a price, platforms determine commission rates, and drivers bid within the passenger's budget. The passenger then selects a bid based on price and pickup time. By promoting collaboration among passengers, drivers, and platforms, this innovative strategy offers a fresh perspective on addressing challenges in the mobility sector and holds the potential to transform the industry.
Biography
Prof. Hai Yang is currently a Chair Professor at The Hong Kong University of Science and Technology. He is internationally known as an active scholar in the field of transportation, with more than 320 papers published in SCI/SSCI indexed journals and a SCI H-index citation rate of 76. Most of his publications appeared in leading international journals, such as Transportation Research, Transportation Science and Operations Research. Prof. Yang received a few national and international awards, including 2020 Frank M. Masters Transportation Engineering Award and 2021 Francis C. Turner Award of American Society of Civil Engineers; National Natural Science Award bestowed by the State Council of PR China (2011). He was appointed as Chang Jiang Chair Professor of the Ministry of Education of PR China and served as the Editor-in-Chief of Transportation Research (TR) Part B: Methodological from 2013 to 2018, a prestigious journal in the field of transportation. Currently, Professor Yang serves on the Distinguished Editorial Board of TR Part B, Scientific Council of TR Part C: Emerging Technologies, and serves as an Advisory Editor of Transportation Science.