Efficient Mobility: Lessons on Dynamic Pricing and Sustainable Passenger Service
M Finck, M Lamping, V Moscon & H Richter (eds), Smart Urban Mobility – Law, Regulation, and Policy, MPI Studies on Intellectual Property and Competition Law (Berlin, Springer, 2020) Forthcoming
12 Pages Posted: 24 Feb 2020
Date Written: January 28, 2020
The Internet of Things is increasingly delivering high-precision mobility data. This makes it possible to fine-tune the use of scarce mobility goods and services and thus achieve higher system efficiency. In the future, it will be feasible to put a price tag on even the smallest traffic areas and auction them off to the highest bidder. This enables congestion-free driving, search-free parking, and a trouble-free switch from road to rail and vice versa. Many contractual decisions will be made automatically on the basis of previously determined preferences, without the individual noticing anything. At the same time, the increase in data created in this system will also lead to new manipulation potential. A smart legislator will try to make the opportunities of the Internet of Things possible and limit the associated risks.
Keywords: Internet of Things, Auction structures, Big data, Data protection, Smart contracts, Efficiency, Sustainable mobility
JEL Classification: K12, K32, K33, K34, Q01, Q21, Q41, Q42, Q54, Q55, R41, R48
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