Trading Time in a Congested Environment

Published Online:https://doi.org/10.1287/mnsc.2016.2436

References

  • Afèche P (2013) Incentive-compatible revenue management in queueing systems: Optimal strategic delay. Manufacturing Service Oper. Management 15(3):423–443.LinkGoogle Scholar
  • Afèche P, Mendelson H (2004) Pricing and priority auctions in queueing systems with a generalized delay cost structure. Management Sci. 50(7):869–882.LinkGoogle Scholar
  • Afèche P, Pavlin JM (2016) Optimal price/lead-time menus for queues with customer choice: Priorities, pooling, and strategic delay. Management Sci. 62(8):2412–2436LinkGoogle Scholar
  • Allon G, Hanany E (2012) Cutting in line: Social norms in queues. Management Sci. 58(3):493–506.LinkGoogle Scholar
  • Bagnoli M, Bergstrom T (2005) Log-concave probability and its applications. Econom. Theory 26(2):445–469.CrossrefGoogle Scholar
  • BBC News (2014) Mobile firm EE introduces queue jumping charge. (August 14), http://www.bbc.com/news/business-28790807.Google Scholar
  • Bulow J, Roberts J (1989) The simple economics of optimal auctions. J. Political Econom. 97(5):1060–1090.CrossrefGoogle Scholar
  • Chatterjee K, Samuelson W (1983) Bargaining under incomplete information. Oper. Res. 31(5):835–851.LinkGoogle Scholar
  • Coase R (1960) The problem of social cost. J. Law Econom. 3(1):1–44.CrossrefGoogle Scholar
  • Coffman Jr EJ, Mitrani I (1980) A characterization of waiting time performance realizable by single-server queues. Oper. Res. 28(3):810–821.LinkGoogle Scholar
  • Cox DR, Smith W (1961) Queues (Methuen, London).Google Scholar
  • Cramton P, Gibbons R, Klemperer P (1987) Dissolving a partnership efficiently. Econometrica 55(3):615–632.CrossrefGoogle Scholar
  • DeAmicis C (2014) New dining app Reserve hopes to challenge OpenTable by charging customers instead of restaurants. Gigaom (October 28), https://gigaom.com/2014/10/28/new-dining-app-reserve-hopes-to-challenge-opentable-by-charging-customers-instead-of-restaurants/.Google Scholar
  • El Hajia A, Onderstal S (2015) Trading places: An experimental comparison of reallocation mechanisms for priority queuing. Working paper, University of Amsterdam, Amsterdam.Google Scholar
  • Gershkov A, Schweinzer P (2010) When queueing is better than push and shove. Internat. J. Game Theory 39(3):409–430.CrossrefGoogle Scholar
  • Glazer A, Hassin R (1986) Stable priority purchasing in queues. Oper. Res. Lett. 4(6):285–288.CrossrefGoogle Scholar
  • Gray K (2009) Property in a queue. Alexander GS, Penalver EM, eds. Property and Community (Oxford University Press, New York), 165–195.CrossrefGoogle Scholar
  • Hassin R (1995) Decentralized regulation of a queue. Management Sci. 41(1):163–173.LinkGoogle Scholar
  • Hassin R, Haviv M (2003) To Queue or Not to Queue: Equilibrium Behavior in Queueing Systems (Kluwer Academic Publishers, Boston).CrossrefGoogle Scholar
  • Kahneman D, Knetsch JL, Thaler RH (1990) Experimental tests of the endowment effect and the Coase theorem. J. Political Econom. 98(6):1325–1348.CrossrefGoogle Scholar
  • Katta A, Sethuraman J (2005) Pricing strategies and service differentiation in queues: A profit maximization perspective. Working paper, Columbia University, New York.Google Scholar
  • Kittsteiner T (2003) Partnerships and double auctions with interdependent valuations. Games Econom. Behav. 44(1):54–76.CrossrefGoogle Scholar
  • Kittsteiner T, Moldovanu B (2005) Priority auctions and queue disciplines that depend on processing time. Management Sci. 51(2):236–248.LinkGoogle Scholar
  • Kleinrock L (1967) Optimum bribing for queue position. Oper. Res. 15(2):304–318.LinkGoogle Scholar
  • Leclerc F, Schmitt BH, Dubé L (1995) Waiting time and decision making: Is time like money? J. Consumer Res. 22(1):110–119.CrossrefGoogle Scholar
  • Lui FT (1985) An equilibrium queueing model of bribery. J. Political Econom. 93(4):760–781.CrossrefGoogle Scholar
  • Mann L (1969) Queue culture: The waiting time line as a social system. Amer. J. Sociol. 75(3):340–354.CrossrefGoogle Scholar
  • Mendelson H, Whang S (1990) Optimal incentive-compatible priority pricing for the M/M/1 queue. Oper. Res. 38(5):870–883.LinkGoogle Scholar
  • Miller DR (1981) Computation of steady-state probabilities for M/M/1 priority queues. Oper. Res. 29(5):945–958.LinkGoogle Scholar
  • Myerson RB (1981) Optimal auction design. Math. Oper. Res. 6(1):58–73.LinkGoogle Scholar
  • Myerson RB, Satterthwaite MA (1983) Efficient mechanisms for bilateral trading. J. Econom. Theory 29(2):265–281.CrossrefGoogle Scholar
  • Naor P (1969) The regulation of queue size by levying tolls. Econometrica 37(1):15–24.CrossrefGoogle Scholar
  • Oberholzer-Gee F (2006) A market for time fairness and efficiency in waiting lines. Kyklos 59(3):427–440.CrossrefGoogle Scholar
  • Rayo L (2013) Monopolistic signal provision. B.E. J. Theoret. Econom. 13(1):27–58.Google Scholar
  • Rochet J, Choné P (1998) Ironing, sweeping, and multidimensional screening. Econometrica 66(4):783–826.CrossrefGoogle Scholar
  • Rosenblum DM (1992) Allocation of waiting time by trading in position on a G/M/S queue. Oper. Res. 40:S338–S342.LinkGoogle Scholar
  • Satterthwaite MA, Williams SR (1989) Bilateral trade with the sealed bid k-double auction: Existence and efficiency. J. Econom. Theory 48(1):107–133.CrossrefGoogle Scholar
  • Schwartz B (1975) Queueing and Waiting (University of Chicago Press, Chicago).Google Scholar
  • Stross R (2010) The online reservations that restaurants love to hate. New York Times (December 11), http://www.nytimes.com/2010/12/12/business/12digi.html.Google Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.