EconPapers    
Economics at your fingertips  
 

Phase Transition in Taxi Dynamics and Impact of Ridesharing

Bo Yang (), Shen Ren (), Erika Fille Legara (), Zengxiang Li (), Edward Y. X. Ong (), Louis Lin () and Christopher Monterola ()
Additional contact information
Bo Yang: Division of Physics and Applied Physics, Nanyang Technological University, Singapore 637371; Complex Systems Group, Institute of High Performance Computing, A*STAR, Singapore 138632;
Shen Ren: Distributed Computing, Institute of High Performance Computing, A*STAR, Singapore 138632;
Erika Fille Legara: Aboitiz School of Innovation, Technology, and Entrepreneurship, Asian Institute of Management, Manila 1229, Philippines;
Zengxiang Li: Distributed Computing, Institute of High Performance Computing, A*STAR, Singapore 138632;
Edward Y. X. Ong: Complex Systems Group, Institute of High Performance Computing, A*STAR, Singapore 138632; School of Applied Engineering and Physics, Cornell University, Ithaca, New York 14850;
Louis Lin: Land Transport Division, Ministry of Transport, Singapore 119903;
Christopher Monterola: Aboitiz School of Innovation, Technology, and Entrepreneurship, Asian Institute of Management, Manila 1229, Philippines

Transportation Science, 2020, vol. 54, issue 1, 250–273

Abstract: We develop a numerical model using both artificial and empirical inputs to analyse taxi dynamics in an urban setting. More specifically, we quantify how the supply and demand for taxi services, the underlying road network, and the public acceptance of taxi ridesharing (TRS) affect the optimal number of taxis for a particular city and commuters’ average waiting time and trip time. Results reveal certain universal features of the taxi dynamics with real-time taxi booking: that there is a well-defined transition between the oversaturated phase when demand exceeds supply and the undersaturated phase when supply exceeds demand. The boundary between the two phases gives the optimal number of taxis a city should accommodate, given the specific demand, road network, and commuter habits. Adding or removing taxis may affect commuter experience very differently in the two phases revealed. In the oversaturated phase, the average waiting time is exponentially affected, whereas in the undersaturated phase it is affected sublinearly. We analyse various factors that can shift the phase boundary and show that an increased level of acceptance for TRS universally shifts the phase boundary by reducing the number of taxis needed. We discuss some of the useful insights for the benefits and costs of TRS, especially how, under certain situations, TRS not only economically benefits commuters but can also save the shared parties in overall travel time by significantly reducing the time commuters spend on waiting for taxis. Simulations also suggest that elementary artificial taxi systems can capture most of the universal features of the taxi dynamics. We give detailed methodologies of the microscopic simulations we employed. The relevance of the assumptions and the overall methodology are also illustrated using comprehensive empirical road network and taxi demand in the city-state of Singapore.

Keywords: taxi dynamics; ridesharing; phase transition (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1287/trsc.2019.0915 (application/pdf)

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:inm:ortrsc:v:54:y:2020:i:1:p:250-273

Access Statistics for this article

More articles in Transportation Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().

 
Page updated 2025-03-19
Handle: RePEc:inm:ortrsc:v:54:y:2020:i:1:p:250-273