Pricing Schemes for Metropolitan Traffic Data Markets

Negin Golrezaei; Hamid Nazerzadeh

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Paper

Pricing Schemes for Metropolitan Traffic Data Markets

Topics: Business Cases and Cost/Benefit Analysis; City Data Management; Data Management for Analytics; Information Quality; Management of Sensor Data

In Proceedings of 3rd International Conference on Data Management Technologies and Applications DATA - Volume 1, 266-271, 2014 , Vienna, Austria

Authors: Negin Golrezaei and Hamid Nazerzadeh

Affiliation: University of Southern California, United States

Keyword(s): Data Markets, Traffic Sensors Data, Pricing Schemes, Mixed Duopoly.

Related Ontology Subjects/Areas/Topics: Business Cases and Cost/Benefit Analysis ; City Data Management ; Data Engineering ; Data Management and Quality ; Data Management for Analytics ; Information Quality ; Management of Sensor Data

Abstract: Data marketplaces provide platforms for management of large data sets. The data markets are rapidly growing, yet the pricing strategies for data and data analytics are not yet well-understood. In this paper, we explore some of the pricing schemes applicable to data marketplaces in the context of transportation traffic data. This includes historical and real-time freeway and arterial congestion data. We investigate pricing raw sensor data vs. processed information (e.g, prediction of traffic patterns or route planning services) and show that, under natural assumptions, the raw data should be priced higher than processed information.

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Paper citation in several formats:

Golrezaei, N. and Nazerzadeh, H. (2014). Pricing Schemes for Metropolitan Traffic Data Markets. In Proceedings of 3rd International Conference on Data Management Technologies and Applications - DATA; ISBN 978-989-758-035-2; ISSN 2184-285X, SciTePress, pages 266-271. DOI: 10.5220/0005106602660271

@conference{data14,
author={Negin Golrezaei. and Hamid Nazerzadeh.},
title={Pricing Schemes for Metropolitan Traffic Data Markets},
booktitle={Proceedings of 3rd International Conference on Data Management Technologies and Applications - DATA},
year={2014},
pages={266-271},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0005106602660271},
isbn={978-989-758-035-2},
issn={2184-285X},
}

TY - CONF

JO - Proceedings of 3rd International Conference on Data Management Technologies and Applications - DATA
TI - Pricing Schemes for Metropolitan Traffic Data Markets
SN - 978-989-758-035-2
IS - 2184-285X
AU - Golrezaei, N.
AU - Nazerzadeh, H.
PY - 2014
SP - 266
EP - 271
DO - 10.5220/0005106602660271
PB - SciTePress