A Survey of Parking Solutions for Smart Cities

Existing surveys look at parking solutions from the perspective of sensors, communication protocols, and the hardware-software interface. While this is a worthwhile approach, it suffers from three obvious shortcomings, namely that present-day sensors are likely to become obsolete in a few years, communication protocols get discontinued, and present-day software will almost certainly not run on tomorrow's platforms. Consequently, these approaches are not promising for the Smart Cities of the near future. Unlike previous surveys, we look at parking in Smart Cities through the lens of market-based allocation of goods and services. In competitive markets prices act as signals used to allocate goods to those who value them most. In the case of parking spots, some drivers are willing to pay higher prices for the use of those parking spots that offer them the highest utility. What makes our survey unique is that we are looking at the recent literature with an eye for market-oriented solutions including pricing as an instrument for shaping traffic and for incentivizing socially-desirable driver behavior. We believe that one of the important contributions of any survey paper, over and above being a compendium of known art, is to suggest new lines of research. With this in mind, we have peppered the manuscript with slightly unorthodox perspectives. These perspectives are intended to be thought-provoking and to open new avenues for possible investigations.