System and method for toll bidding

A platform for dynamically adjusting a toll price for a toll road, the platform comprising:

• a transceiver configured to:
• receive a plurality of inputs to estimate congestion on the toll road;
• and
• receive a request from one or more users to provide prices of the toll road;
• and
• a processor communicatively coupled to the transceiver, wherein the processor is configured to:
• estimate, based on the plurality of inputs, the congestion on the toll road;
• and
• determine, for each of the one or more users, an initial toll price at the toll road based on the estimated congestion on the toll road and historical toll bidding information, wherein the historical toll bidding information comprises bidding responses from a plurality of users on different toll prices at different toll roads in the past;
• wherein the transceiver is further configured to:
• notify the respective initial toll price to each of the one or more users via their respective user devices;
• and
• receive real-time toll bidding responses from the respective user devices associated with the one or more users on the respective initial toll price;
• wherein the processor is further configured to dynamically adjust the initial toll price for the toll road, for each of a next one or more users, based on the real-time toll bidding responses.