Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 2nd International Conference on Business and Policy Studies

Series Vol. 13 , 13 September 2023


Open Access | Article

The New Transportation Paradigm: The Sharing Economy

Zi Wang 1 , Zilong Ji 2 , Guangyu Ma 3 , Ziang Qu 4 , Yuchen Lin * 5
1 The Governor’s Academy
2 the State University of New York at Buffalo
3 Beijing Xin Fuxue International Academy
4 University of Alberta
5 Pennsylvania State University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 13, 29-39
Published 13 September 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Zi Wang, Zilong Ji, Guangyu Ma, Ziang Qu, Yuchen Lin. The New Transportation Paradigm: The Sharing Economy. AEMPS (2023) Vol. 13: 29-39. DOI: 10.54254/2754-1169/13/20230664.

Abstract

The idea of a new transportation paradigm consisting of shared, multi-passenger vehicles has emerged along with the introduction of partly autonomous automobiles. As such a transformative but untested idea, the amount of existing research regarding this topic is limited. However, there are certainly discussions focused on individual elements of this topic and testing on a small scale: Driverless cars, shared vehicles, multi-passenger travel, etc. From these scattered papers, our team was able to compile the main problems with the current transportation paradigm and the potential benefits of the new sharing paradigm that we are advocating for. In this paper, we addressed four problems with the current paradigm and devised solutions for each problem via the benefits of the new sharing paradigm. Although we were unable to collect tentative data due to technological limitations, we gathered any research we could to simulate a world where the sharing transportation paradigm is adopted at a large scale, demonstrating the efficacy of the new paradigm in solving current pressing issues with a concentration on improving the environment both in cities and in general.

Keywords

shared mobility, current transportation paradigm, shared vehicles, autonomous vehicles, traffic congestion, external energy production, urban transformation

References

1. Li, Z., Liang, C., Hong, Y. and Zhang, Z., 2021. How Do On‐demand Ridesharing Services Affect Traffic Congestion? The Moderating Role of Urban Compactness. Production and Operations Management, 31(1), pp.239-258.

2. Ihsaan Fanusie (2021) Raw material costs rising for automotive industry: BofA report. https://finance.yahoo.com/news/raw-material-costs-rising-for-automotive-industry-bof-a-report-172812315.html.

3. ABC News, March 26, 2021, Suez Canal blockage sends shipping, oil rates surging as oil and gas tankers diverted. https://www.abc.net.au/news/2021-03-27/suez-canal-ever-given-blockage-sets-shipping-rates-surging/100032888.

4. INRIX (2019) Congestion Costs Each American 97 hours, $1348 A Year. https://inrix.com/press-releases/scorecard-2018-us/.

5. Transportation for America. (2020) The Congestion: How more lanes and more money equals more traffic. https://t4america.org/wp-content/uploads/2020/03/Congestion-Report-2020-FINAL.pdf.

6. Emily Delbridge (2021) What Is the Ture Cost of Owning a car? From the balance https://www.thebalance.com/true-car-ownership-costs-4165784.

7. Litman Todd (2000) Evaluating Carsharing Benefits Transportation Research Record Journal of the Transportation Research Board 1702(1):31-35 DOI:10.3141/1702-04.

8. Jiabin Li, Xumei Chen, Xin Li, Xiucheng Guo (2013) Evaluation of Public Transportation Operation based on Data Envelopment Analysis Procedia - Social and Behavioral Sciences, Volume96,2013,Pages148-155,ISSN1877-0428.

9. Yahoo! (n.d.). Raw materials – the biggest cost driver in the auto industry. Yahoo! Finance. Retrieved August 18, 2022, from https://finance.yahoo.com/news/raw-materials-biggest-cost-driver-180628123.html.

10. Iron Ore - Historical Statistics (Data Series 140) U.S. Geological Survey. (n.d.). Retrieved August 18, 2022, from https://www.usgs.gov/media/files/iron-ore-historical-statistics-data-series-140.

11. Iron Mining Process. Minnesota Iron. (2018, January 31). Retrieved August 18, 2022, from https://minnesotairon.org/education/iron-mining-process/.

12. Guardian News and Media. (2014, October 24). Iron ore and rare earth metals mining: An industry under siege? The Guardian. Retrieved August 18, 2022, from https://www.theguardian.com/sustainable-business/2014/oct/24/iron-ore-rare-earth-metals-mining.

13. Maverick, J. B. (2022, July 13). What raw materials do auto manufacturers use? Investopedia. Retrieved August 18, 2022, from https://www.investopedia.com/ask/answers/062315/what-types-raw-materials-would-be-used-auto-manufacturer.asp.

14. Baghestani, A., Tayarani, M., Allahviranloo, M. and Gao, H., 2020. Evaluating the Traffic and Emissions Impacts of Congestion Pricing in New York City. Sustainability, 12(9), p.3655.

15. Sweet, M., 2013. Traffic Congestion’s Economic Impacts: Evidence from US Metropolitan Regions. Urban Studies, 51(10), pp.2088-2110.

16. López-Lambas, M. and Alonso, A., 2019. The Driverless Bus: An Analysis of Public Perceptions and Acceptability. Sustainability, 11(18), p.4986.

17. Legacy, C., Ashmore, D., Scheurer, J., Stone, J. and Curtis, C., 2018. Planning the driverless city. Transport Reviews, 39(1), pp.84-102.

18. Zhu, Z. Q. and Howe, D. (2007) ‘Electrical machines and drives for electric, hybrid, and fuel cell vehicles’, Proceedings of IEEE, 95, 746–765 (DOI: 10.1109/ JPROC.2006.892482).

19. Klabjan, D. (2014, May 25). Finding Minimum-Cost Paths for Electric Vehicles. Klabjan. https://www.academia.edu/4621733/Finding_Minimum_Cost_Paths_for_Electric_Vehicle.

20. Morris, D. Z. (2016, March 13). Today’s cars are parked 95% of the time. Fortune. https://fortune.com/2016/03/13/cars-parked-95-percent-of-time/.

21. Machado, C. A. S., de Salles Hue, N. P. M., Bessaneti, F. T., & Quintanilha, J. A. (2018). An overview of shared mobility. Sustainability, 10. https://10.3390/su101243242.

22. Moody, J., Farr, E., Papagelis, M., & Keith, D. R. (2021). The value of car ownership and use in the United States. Nature Sustainability, 4, 769-774. https://www.nature.com/articles/s41893-021-00731-5.

23. Kamargianni, M., Li, W., Matyas, M., & Schäfer, A. (2016). A critical review of new mobility services for urban transport. Transportation Research Procedia, 14, 3294-3303. http://doi:10.1016/j.trpro.2016.05.277.

24. Dizikes, P. (2021, June 8). Trying to put the brakes on car ownership. MIT News. https://news.mit.edu/2021/car-ownership-china-0608.

25. Guzman, J. (2022, August 16). Lyft, Motional roll out new fleet of driverless electric vehicles in Las Vegas. The Hill. https://thehill.com/changing-america/resilience/smart-cities/3604194-lyft-motional-roll-out-new-fleet-of-driverless-electric-vehicles-in-las-vegas/.

26. Curtis, S. K., & Lehner, M. (2019). Defining the sharing economy for sustainability. Sustainability, 11(3), 567.

27. Ritter, M., & Schanz, H. (2019). The sharing economy: A comprehensive business model framework. Journal of Cleaner Production, 213, 320-331.

28. Sutherland, W., & Jarrahi, M. H. (2018). The sharing economy and digital platforms: A review and research agenda. International Journal of Information Management, 43, 328-341.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:

1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.

2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.

3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).

Volume Title
Proceedings of the 2nd International Conference on Business and Policy Studies
ISBN (Print)
978-1-915371-69-0
ISBN (Online)
978-1-915371-70-6
Published Date
13 September 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/13/20230664
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated