TITLE:
Research on Oversight Mechanisms of Online Car-Hailing Platforms Based on Three-Party Game
AUTHORS:
Weiye Luo
KEYWORDS:
Online Car-Hailing, Three-Party Game, Nash Equilibrium, Oversight Mechanism
JOURNAL NAME:
Journal of Human Resource and Sustainability Studies,
Vol.7 No.1,
March
8,
2019
ABSTRACT: Online car-hailing has become a very popular travel mode in China in recent years. In order to provide decision support for government so that the car-hailing industry can develop better, the present paper built a mathematical model among the government, online car-hailing platforms and consumers based on game theory. After analyzing the eight strategies of Nash equilibrium and mixed strategy Nash equilibrium, it has been found that the government is supposed to make safety codes, conduct rewards and punishment system, define responsibility for both platforms and consumers clearly and enhance publicity to keep the industry developing steadily.