Waiting-Line Auctions
Journal of Political Economy
1982
open access
If prizes are to be awarded simultaneously at a specified time on a first-come- first-served basis, then individuals who queue for them will choose different waiting times through their arrivals at the queue. This choice of arrival time at a queue is similar to the choice of a sealed tender in an auction. An equilibrium for this "waiting-line auction" is obtained here using methods for analyzing sealed-tender auctions. When individuals are risk neutral it is shown that several alternative waiting-line allocation procedures result in the same transactions cost associated with waiting in line.
- DOI
- 10.1086/261056
- Volume
- 90 (2)
- Pages
- 280-294
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref