Equilibrium of bilateral taxi-customer searching and meeting on networks
by Leung Wing Yin Cowina
M.Phil. Civil Engineering
x, 86 leaves : ill. ; 30 cm
Bilateral taxi-customer searching and meeting occur anywhere on roads. It could be in residential/ commercial zones or at prescribed taxi stands such as an airport or a railway station. In the searching and meeting, taxi driver considers both the expected searching or waiting time cost and ride revenue, while the customer seeks for a taxi ride to minimize total generalized travel cost. This thesis presents a meaningful matching function to spell out the searching and meeting frictions that arises endogenously as a result of the distinct spatial feature of the area and spot meetings and the customer-taxi decisions. A system of simultaneous equations is then developed based on the survey data on taxi service in urban area of Hong Kong over the last ten years.
Permanent URL for this record: https://lbezone.hkust.edu.hk/bib/b922568