{"id":137274,"date":"2022-03-23T00:02:19","date_gmt":"2022-03-23T07:02:19","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/03\/study-suggests-how-much-competition-in-the-urban-ride-market-can-grow-before-gridlock-sets-in"},"modified":"2022-03-23T00:02:19","modified_gmt":"2022-03-23T07:02:19","slug":"study-suggests-how-much-competition-in-the-urban-ride-market-can-grow-before-gridlock-sets-in","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/03\/study-suggests-how-much-competition-in-the-urban-ride-market-can-grow-before-gridlock-sets-in","title":{"rendered":"Study suggests how much competition in the urban ride market can grow before gridlock sets in"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/study-suggests-how-much-competition-in-the-urban-ride-market-can-grow-before-gridlock-sets-in2.jpg\"><\/a><\/p>\n<p>In theory, competition among ride-hailing companies should be a good thing, providing more options for consumers. In practice, having too many ride-hailing vehicles adds to urban congestion. How can cities balance these factors?<\/p>\n<p>A new study co-authored by MIT researchers, in collaboration with the Institute for Informatics and Telematics of the National Research Council of Italy, provides a model that shows the extent to which ride-sharing competition clogs the streets\u2014allowing analysts and policymakers to estimate how many vehicles and firms might form an optimally-sized market in a given metro area.<\/p>\n<p>\u201cWhat this shows is that by not coordinating ride-hailing companies, we are creating a huge amount of additional traffic,\u201d says Carlo Ratti, a professor in MIT\u2019s Department of Urban Studies and Planning (DUSP) and co-author of a new paper detailing the study\u2019s results. \u201cIf cities were to use a platform to coordinate ride-hailing, we could reduce overall congestion and traffic in cities all over the world.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In theory, competition among ride-hailing companies should be a good thing, providing more options for consumers. In practice, having too many ride-hailing vehicles adds to urban congestion. How can cities balance these factors? A new study co-authored by MIT researchers, in collaboration with the Institute for Informatics and Telematics of the National Research Council of [\u2026]<\/p>\n","protected":false},"author":662,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1491],"tags":[],"class_list":["post-137274","post","type-post","status-publish","format-standard","hentry","category-transportation"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/137274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/662"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=137274"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/137274\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=137274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=137274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=137274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}