In this article we propose a distributed, market-inspired, mechanism for the management of a future urban road network, where intelligent autonomous vehicles, operated by software agents on behalf of their human owners, interact with the infrastructure in order to travel safely and efficiently through the road network. Building on the reservation-based intersection control model proposed by Dresner and Stone, we consider two different scenarios: one with a single intersection and one with a network of intersections. In the former, we analyse the performance of a novel policy based on combinatorial auctions for the allocation of reservations. In the latter, we analyse the impact that a traffic assignment strategy inspired by competitive markets has on the drivers' route choices. Finally we propose an adaptive management mechanism that integrates the auction-based traffic control policy with the competitive traffic assignment strategy.
M. Vasirani and S. Ossowski (2012) "A Market-Inspired Approach for Intersection Management in Urban Road Traffic Networks", JAIR Volume 43, pages 621-659.