A Queuing Model of the Market for Access to Trading Partners

Michael Sattinger

International Economic Review, 2002, vol. 43, issue 2, 533-548

Abstract: In this article, a market for access to trading partners arises through the operation of a competitive market in which consumers queue for goods at firms. Equilibrium occurs when firms and buyers face the same trade-off between price and wait time. The trade-off measures the cost to firms of more customers and the cost to customers of a shorter expected wait time. The queuing model is related to mechanisms that ration goods among potential buyers and to models in which the good is characterized by price and by a second variable reflecting likelihood of or delay in transaction. Copyright Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association

Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://openurl.ingenta.com/content?genre=article&i ... &volume=43&spage=533 (application/pdf)
Free access to full text is restricted to Ingenta subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ier:iecrev:v:43:y:2002:i:2:p:533-548

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0020-6598

Access Statistics for this article

International Economic Review is currently edited by Harold L. Cole

More articles in International Economic Review from Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297. Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and ().