Policy-oriented Multimodal Auction-based Traffic Signal Control through Connected Vehicles

This paper presents a novel auction-based traffic signal control mechanism aimed at optimizing multimodal traffic flow at signalized intersections through \textcolor{red}{connected vehicles}. The proposed framework, which utilizes a second price sealed bid auction mechanism, allocates green time dynamically based on user bids, incorporating policy-oriented modal priority. This approach addresses the limitations of current signal control systems by providing a computationally fast and distributable method that considers the priority hierarchy of traffic modes, thereby enhancing the efficiency and equity of intersection management.

Key innovations include a dynamic bid distance determination method and a modified bidding scheme that prioritize certain traffic modes according to predefined policies. The effectiveness of these methods is demonstrated through a case study focusing on bicycle prioritization at a real-world intersection in Bordeaux, France.

Simulation results indicate significant improvements in service levels for prioritized modes without substantially increasing delays for other users. The methods' flexibility for adaptation to different intersection configurations and computational feasibility ensure their applicability to a wide range of intersection types and traffic conditions. Our findings suggest that the sealed bid second price auction mechanism can be a useful tool for policymakers aiming to implement multimodal traffic priorities, contributing to reduced travel delays and more effective control at intersections.