On-demand ride-hailing platforms in competition with the taxi industry: Pricing strategies and government supervision

We consider the case where a large-scale entry of ride-hailing vehicles have significant impacts on the taxi market, which may result in many taxi drivers being forced to withdraw from the transport industry or promote the development of the whole transport industry. Specifically, we examine how an on-demand ride-hailing platform in competition with the traditional taxi industry designs its pricing strategies under the unregulated and regulated...