Bike sharing was supposed to be the groundbreaking innovation to introduce a much needed new alternative for transportation in Singapore. Yet, the most obvious effect has been hundreds of multi-colored bikes littered on grass patches, ditched in drains, and blocking pathways.

So how did all go wrong? And who’s to blame in in this situation? In today’s episode, we dig into the history and economics of bike sharing to hopefully find the root of the problem. At the end, we’ll take a step back and look at the bigger picture, and find why the parking problem isn’t the only issue with bike sharing.

In this episode, you’ll learn about:
  • The history of bike sharing dating back to the 1960s
  • How ofo and Mobike came to be, and how much funding they’ve received
  • The mechanics of bike sharing, and the key role that technology plays
  • How ofo and mobike differ in their strategies
  • Who the 3 main stakeholders are in relation to bike sharing
  • What the incentives of these stakeholders are, and how they have responded to them
  • Why the incentives come into conflict and create the parking problem
  • Whether the new parking places bill will prove effective
  • And finally, the real problem behind bike sharing
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Featured photo: The New York Times

 

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