Bounded rationality can make parking search more efficient: The power of lexicographic heuristics

Merkouris Karaliopoulos, Konstantinos Katsikopoulos and Lambros Lambrinos

Transportation Research Part B: Methodological, 2017, vol. 101, issue C, 28-50

Abstract: The search for parking space in busy urban districts is one of those routine human activities that are expected to benefit from the widespread adoption of pervasive sensing and radio communication technologies. Proposed parking assistance solutions combine sensors, either as part of fixed infrastructure or onboard vehicles, wireless networking technologies and mobile social applications running on smartphones to collect, share and present to drivers real-time information about parking demand and availability.

Keywords: Parking search; Cognitive decision-making heuristics; Congestion games; Bounded rationality (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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DOI: 10.1016/j.trb.2017.03.008

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