Auction-based traffic control on roads.

This paper presents a novel approach to road traffic control aiming to achieve two goals. The first goal is to coordinate the vehicles using the road system such that traffic is most uniformly distributed and, thus, traffic congestion is minimized or even avoided. The second goal is to provide individual route guidance to vehicles incorporating individual preferences of drivers. At first sight, these two goals appear contradictory. However, by the market-based approach introduced in this article the two goals are conveniently merged. This paper gives an outline of the implemented solution and points out the domains toll collection and dynamic route guidance as promising application fields. For the covering abstract see ITRD E114174.