An efficient parking-sharing program through owner cooperation with robust slot assignment and incentive revenue distribution

Hongke Xie, Pengyu Yan, Mingyan Bai and Zhibin Chen

Transportation Research Part E: Logistics and Transportation Review, 2024, vol. 191, issue C

Abstract: This article introduces an intra-owner-cooperation mechanism for parking-sharing programs, which assigns private parking slot owners to use other owners’ parking slots within a community and compensates them in the meanwhile. This mechanism extends the availability of some shared slots for external drivers. To ensure practicality, this study addresses two crucial issues: (i) robust assignment of parking slots to mitigate parking conflicts caused by user unpunctuality and (ii) revenue allocation encouraging owner participation through truthful report of inconvenience costs coefficient for using others’ slots. To address the first issue, we propose a distributionally robust approach that leverages a data-driven method to estimate potential conflicts in parking schedules. For the second issue, we introduce an equitable owner-Pareto-optimal core-selecting payment rule under a cooperative game setting, which prevents collusion among owners and encourages owners to truthfully report the inconvenience cost coefficients for satisfying compensation. An efficient algorithm with core constraint generation is further developed to calculate the payments within a reasonable computational time. Several practical extensions are also presented. Numerical experiments demonstrate that the proposed mechanism significantly outperforms the existing matching approach without owner cooperation in terms of parking slot utilization, fulfillment ratio of demand, and platform income. This paper demonstrates the performance of intra-owner-cooperation mechanism, which ultimately enhances the overall system welfare jointly enjoyed by slot owners, drivers, and the platform.

Keywords: Parking sharing; Slot assignment; Revenue allocation; Mechanism design (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1366554524002886
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:transe:v:191:y:2024:i:c:s1366554524002886

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600244/bibliographic
http://www.elsevier. ... 600244/bibliographic

DOI: 10.1016/j.tre.2024.103697

Access Statistics for this article

Transportation Research Part E: Logistics and Transportation Review is currently edited by W. Talley

More articles in Transportation Research Part E: Logistics and Transportation Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().