Tips to Regulate Private Bike Sharing
Regulation of bike-share schemes should aim at the goal of creating long-term sustainable mobility options on bicycles. This, in our opinion, can best be achieved by providing the opportunity for bike-shares to place a necessary amount of bikes on the streets to provide a proof of concept and thereafter grow their scheme provided that the bikes are utilised. Regulators should seek to prevent bike-share systems from applying predatory pricing, that is, reducing prices below the long-term sustainable level. To make matters more concrete, our suggestion is that cities should allow bike-share schemes to place an initial maximum number of bikes (for example, 1 bike per 1,000 citizens) and require a certain level of usage on the bikes to be achieved before the bike-share scheme can scale. Considering that cities would like to increase bike usage, permits should be allocated to bike-share companies without fees to ensure that cost is not passed onto users. Cities should establish minimum ...