Surge pricing in ride hailing platforms is a pivotal and controversial subject. In this paper, we investigate surge pricing from a temporal perspective; in particular, we highlight the strategic behavior by riders and drivers and that drivers respond to surge pricing much slower than riders. We...

Dynamic pricing is often complicated by strategic customer behavior. One tactic utilized by retailers to counter strategic customer behavior is to adjust prices in an unpredictable manner. This phenomenon has been studied in the Markovian pricing literature in single-retailer settings. In this...