Strategic coopetition in parking system: A game theory analysis of shared parking platforms
The shared parking platform alleviates the insufficient supply of public parking, but it may also lead to competition with the public parking lot. To relieve the negative impact of competition, the public parking lot has a choice to partially cooperate with the platform, leading to a coopetition rel...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-04-01
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| Series: | Alexandria Engineering Journal |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1110016825001796 |
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| author | Jian Li Qian Zhao Jiafu Su |
| author_facet | Jian Li Qian Zhao Jiafu Su |
| author_sort | Jian Li |
| collection | DOAJ |
| description | The shared parking platform alleviates the insufficient supply of public parking, but it may also lead to competition with the public parking lot. To relieve the negative impact of competition, the public parking lot has a choice to partially cooperate with the platform, leading to a coopetition relationship. Purpose: This study examines the competition and coopetition dynamics between a shared parking platform and a public parking lot. Method: We apply game-theoretic models to analyze the strategic interactions between these two entities under competition and coopetition scenarios. Results: Our analysis reveals that when the inconvenience cost is low, cooperation is likely to occur. Shared parking platforms can incentivize public parking lots to participate by offering financial subsidy. As the quantity of idle private parking spaces and inconvenience cost increases, the willingness to cooperate between the two parties grows. However, this willingness first increases and then decreases as the demand rises. Conclusions: Compared to the competition scenario, private parking space owners in the coopetition scenario experience lower revenue and consumers face reduced surplus. However, both the shared parking platform and the public parking lot benefit from higher profits, and social welfare is greater in the coopetition scenario when the inconvenience cost is high, whereas the opposite is true when such cost is low. |
| format | Article |
| id | doaj-art-04d6107e24f747f9a69cc5a6a1e69385 |
| institution | Kabale University |
| issn | 1110-0168 |
| language | English |
| publishDate | 2025-04-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Alexandria Engineering Journal |
| spelling | doaj-art-04d6107e24f747f9a69cc5a6a1e693852025-02-12T05:30:43ZengElsevierAlexandria Engineering Journal1110-01682025-04-01119634646Strategic coopetition in parking system: A game theory analysis of shared parking platformsJian Li0Qian Zhao1Jiafu Su2School of Management and Economics, University of Electronic Science and Technology of China, Chengdu 611731, ChinaSchool of Management and Economics, University of Electronic Science and Technology of China, Chengdu 611731, ChinaInternational College, Krirk University, Bangkok 10220, Thailand; Corresponding author.The shared parking platform alleviates the insufficient supply of public parking, but it may also lead to competition with the public parking lot. To relieve the negative impact of competition, the public parking lot has a choice to partially cooperate with the platform, leading to a coopetition relationship. Purpose: This study examines the competition and coopetition dynamics between a shared parking platform and a public parking lot. Method: We apply game-theoretic models to analyze the strategic interactions between these two entities under competition and coopetition scenarios. Results: Our analysis reveals that when the inconvenience cost is low, cooperation is likely to occur. Shared parking platforms can incentivize public parking lots to participate by offering financial subsidy. As the quantity of idle private parking spaces and inconvenience cost increases, the willingness to cooperate between the two parties grows. However, this willingness first increases and then decreases as the demand rises. Conclusions: Compared to the competition scenario, private parking space owners in the coopetition scenario experience lower revenue and consumers face reduced surplus. However, both the shared parking platform and the public parking lot benefit from higher profits, and social welfare is greater in the coopetition scenario when the inconvenience cost is high, whereas the opposite is true when such cost is low.http://www.sciencedirect.com/science/article/pii/S1110016825001796Idle private parkingPublic parkingPricing strategyCoopetitionSubsidy |
| spellingShingle | Jian Li Qian Zhao Jiafu Su Strategic coopetition in parking system: A game theory analysis of shared parking platforms Alexandria Engineering Journal Idle private parking Public parking Pricing strategy Coopetition Subsidy |
| title | Strategic coopetition in parking system: A game theory analysis of shared parking platforms |
| title_full | Strategic coopetition in parking system: A game theory analysis of shared parking platforms |
| title_fullStr | Strategic coopetition in parking system: A game theory analysis of shared parking platforms |
| title_full_unstemmed | Strategic coopetition in parking system: A game theory analysis of shared parking platforms |
| title_short | Strategic coopetition in parking system: A game theory analysis of shared parking platforms |
| title_sort | strategic coopetition in parking system a game theory analysis of shared parking platforms |
| topic | Idle private parking Public parking Pricing strategy Coopetition Subsidy |
| url | http://www.sciencedirect.com/science/article/pii/S1110016825001796 |
| work_keys_str_mv | AT jianli strategiccoopetitioninparkingsystemagametheoryanalysisofsharedparkingplatforms AT qianzhao strategiccoopetitioninparkingsystemagametheoryanalysisofsharedparkingplatforms AT jiafusu strategiccoopetitioninparkingsystemagametheoryanalysisofsharedparkingplatforms |