Abstract
This paper is among the first proposing an integrated auction and market design method for the parking space sharing and allocation problem. Drivers (agents) who fail to exchange their parking spaces can then rent them to the platform. The platform receives private parking spaces from agents and meanwhile manages some public parking spaces. We first develop the IoT-enabled urban parking management (IoT-UPM) Cloud. Based on this systemic framework, parking spaces are shared among agents via a PC-TTCC (price-compatible top trading cycles and chains) mechanism and the platform's parking spaces are reassigned via an O-VCG (one-sided Vickrey-Clarke-Groves) auction.
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