Stochastic Matching Networks: Theory and Applications to Matching Platforms

The past decade has witnessed an accelerated growth of online marketplaces and the incorporation of electric vehicles (EVs) in the fleet of transportation systems. Online marketplaces are online platforms that facilitate transactions between buyers and sellers. These platforms are burgeoning with online gig workers constituting 5-10% of the global workforce. 1 Furthermore, the EV market is also flourishing, with EVs accounting for 14% of new car sales worldwide in 2022, a significant increase from 5% in 2020 2 owing to technological advancements, government backing, and climate change awareness. Such a rise in EV adoption is accompanied by the emergence of EV-based transportation systems constituting a fully electric fleet of taxis.