FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W4386515469> ?p ?o ?g. }

• W4386515469 abstract "Abstract Many on‐demand service platforms employ surge pricing policies, charging higher prices and raising provider compensation when customer demand exceeds provider supply. There is increasing evidence that service providers understand these pricing policies and strategically collude to induce artificial supply shortages by reducing the number of providers showing as available online. We study a stylized mathematical model of a setting in which an on‐demand service platform determines its pricing and provider compensation policies, anticipating their impact on customer demand and the participation of strategic providers, who might collectively decide to limit the number of providers showing online as available. We find that collusion can substantially harm the platform and customers, especially when the potential demand is large, and the supply of providers in nearby regions is limited. We explore two pricing policies that a platform could employ in the presence of (potential) provider collusion: a bonus pricing policy that offers additional provider payments on top of the regular compensation and the optimal pricing policy that maximizes the platform's expected profit while taking strategic provider behavior fully into consideration. Both policies feature a compensation structure that ensures that total provider earnings increase in the number of providers available, thereby encouraging all providers to offer their service. We show that both policies can effectively mitigate the impact of potential provider collusion, with the bonus pricing policy often performing near‐optimally. As it might be difficult for a platform to accurately estimate the propensity of providers to collude, we numerically evaluate how platform profits are affected if the pricing policy is designed based on possibly incorrect estimates of the providers' propensity to collude. Our observations suggest that a platform should design its pricing policy under the assumption that all providers are strategic and consider collusion, as the losses associated with implementing such a policy in settings with minor risk of collusion are limited, while the potential losses from failing to consider rampant collusion can be significant." @default.
• W4386515469 created "2023-09-08" @default.
• W4386515469 creator A5008266777 @default.
• W4386515469 creator A5031401204 @default.
• W4386515469 creator A5042429182 @default.
• W4386515469 date "2023-09-19" @default.
• W4386515469 modified "2023-09-27" @default.
• W4386515469 title "Hiding in plain Sight: Surge pricing and strategic providers" @default.
• W4386515469 cites W115025507 @default.
• W4386515469 cites W1562618743 @default.
• W4386515469 cites W1977750937 @default.
• W4386515469 cites W2028235442 @default.
• W4386515469 cites W2043270434 @default.
• W4386515469 cites W2046412917 @default.
• W4386515469 cites W2082046688 @default.
• W4386515469 cites W2086121573 @default.
• W4386515469 cites W2128089223 @default.
• W4386515469 cites W2128335127 @default.
• W4386515469 cites W2168876164 @default.
• W4386515469 cites W2487598231 @default.
• W4386515469 cites W2611518904 @default.
• W4386515469 cites W2802006132 @default.
• W4386515469 cites W2811315250 @default.
• W4386515469 cites W2932478817 @default.
• W4386515469 cites W2942911487 @default.
• W4386515469 cites W3043399871 @default.
• W4386515469 cites W3095146396 @default.
• W4386515469 cites W3121991813 @default.
• W4386515469 cites W3122028356 @default.
• W4386515469 cites W3123031201 @default.
• W4386515469 cites W3123867886 @default.
• W4386515469 cites W3124889190 @default.
• W4386515469 cites W3124950351 @default.
• W4386515469 cites W3127588010 @default.
• W4386515469 cites W3188161370 @default.
• W4386515469 cites W3204932649 @default.
• W4386515469 cites W4220935623 @default.
• W4386515469 cites W4225867538 @default.
• W4386515469 cites W4230888620 @default.
• W4386515469 cites W4244667322 @default.
• W4386515469 doi "https://doi.org/10.1111/poms.14064" @default.
• W4386515469 hasPublicationYear "2023" @default.
• W4386515469 type Work @default.
• W4386515469 citedByCount "0" @default.
• W4386515469 crossrefType "journal-article" @default.
• W4386515469 hasAuthorship W4386515469A5008266777 @default.
• W4386515469 hasAuthorship W4386515469A5031401204 @default.
• W4386515469 hasAuthorship W4386515469A5042429182 @default.
• W4386515469 hasBestOaLocation W43865154691 @default.
• W4386515469 hasConcept C116537 @default.
• W4386515469 hasConcept C139719470 @default.
• W4386515469 hasConcept C144133560 @default.
• W4386515469 hasConcept C162324750 @default.
• W4386515469 hasConcept C162853370 @default.
• W4386515469 hasConcept C175444787 @default.
• W4386515469 hasConcept C2780193402 @default.
• W4386515469 hasConcept C2780378061 @default.
• W4386515469 hasConcept C2781198186 @default.
• W4386515469 hasConcept C38935604 @default.
• W4386515469 hasConcept C40700 @default.
• W4386515469 hasConceptScore W4386515469C116537 @default.
• W4386515469 hasConceptScore W4386515469C139719470 @default.
• W4386515469 hasConceptScore W4386515469C144133560 @default.
• W4386515469 hasConceptScore W4386515469C162324750 @default.
• W4386515469 hasConceptScore W4386515469C162853370 @default.
• W4386515469 hasConceptScore W4386515469C175444787 @default.
• W4386515469 hasConceptScore W4386515469C2780193402 @default.
• W4386515469 hasConceptScore W4386515469C2780378061 @default.
• W4386515469 hasConceptScore W4386515469C2781198186 @default.
• W4386515469 hasConceptScore W4386515469C38935604 @default.
• W4386515469 hasConceptScore W4386515469C40700 @default.
• W4386515469 hasLocation W43865154691 @default.
• W4386515469 hasOpenAccess W4386515469 @default.
• W4386515469 hasPrimaryLocation W43865154691 @default.
• W4386515469 hasRelatedWork W2022096984 @default.
• W4386515469 hasRelatedWork W2069959693 @default.
• W4386515469 hasRelatedWork W2119728383 @default.
• W4386515469 hasRelatedWork W2595626704 @default.
• W4386515469 hasRelatedWork W2623366082 @default.
• W4386515469 hasRelatedWork W3009647611 @default.
• W4386515469 hasRelatedWork W3124260471 @default.
• W4386515469 hasRelatedWork W3204081918 @default.
• W4386515469 hasRelatedWork W4302774414 @default.
• W4386515469 hasRelatedWork W4386515469 @default.
• W4386515469 isParatext "false" @default.
• W4386515469 isRetracted "false" @default.
• W4386515469 workType "article" @default.