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

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  • Karaliopoulos, Merkouris
  • Katsikopoulos, Konstantinos
  • Lambrinos, Lambros

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.

Suggested Citation

  • Karaliopoulos, Merkouris & Katsikopoulos, Konstantinos & Lambrinos, Lambros, 2017. "Bounded rationality can make parking search more efficient: The power of lexicographic heuristics," Transportation Research Part B: Methodological, Elsevier, vol. 101(C), pages 28-50.
  • Handle: RePEc:eee:transb:v:101:y:2017:i:c:p:28-50
    DOI: 10.1016/j.trb.2017.03.008
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    References listed on IDEAS

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    Cited by:

    1. Daniel Albalate & Albert Gragera, 2018. "“Misinformation and Misperception in the market for parking”," IREA Working Papers 201812, University of Barcelona, Research Institute of Applied Economics, revised Jun 2018.

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