(FOX NEWS) – If you live in a large city, you might get tired of circling the block trying find an available parking space.
But researchers at a university say there’s a better to nab the best spot, bid on it.
A team at Tel Aviv University says an algorithm based on supply-and-demand of parking spaces, a bidding process, and a phone app can help ease the congestion and stress of looking for parking places.
The researchers say the algorithm would fill parking spots in less desirable areas, and relieve tie-ups in more popular ones.
They say “adaptive pricing”, drivers who need specific locations to park can do so if they’re willing to pay more.
A smartphone app would keep track of the availability in parking areas and price the spots differently based on demand.