Data-Driven Market Formation in On-Demand Transport

As on-demand transport providers (e.g., Uber) are adopting increasingly sophisticated mechanisms to allocate and price both passengers and drivers, new issues are arising. In a series of posts (starting here), I have been describing different aspects of these issues including the ways to allocate and price (the mechanism design) and also simulation tools to evaluate performance in realistic environments (capturing both the road network and the behavior of passengers and drivers).

In this post, I want to turn to a different aspect: the market formation problem.

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How much does the PHY layer matter?

In wireless communications, a recurring question is whether or not the PHY layer is dead (there was even a paper with this title in 2011). While it is my view that it isn’t (there are still interesting open questions related to, for instance, impulsive noise and also vehicular communications), there are what in all probability are more pressing questions: when and how much does the PHY layer matter?

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