Random queues and risk averse users

André de Palma () and Mogens Fosgerau

MPRA Paper from University Library of Munich, Germany

Abstract: We analyse Nash equilibrium in time of use of a congested facility. Users are risk averse with general concave utility. Queues are subject to varying degrees of random sorting, ranging from strict queue priority to a completely random queue. We define the key "no residual queue" property, which holds when there is no queue at the time the last user arrives at the queue, and prove that this property holds in equilibrium under all queueing regimes considered. The no residual queue property leads to simple results concerning the equilibrium utility of users and the timing of the queue.

Keywords: Congestion; Queuing; Risk aversion; Endogenous arrivals (search for similar items in EconPapers)
JEL-codes: D00 D80 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-upt and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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https://mpra.ub.uni-muenchen.de/24215/1/MPRA_paper_24215.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/47048/1/MPRA_paper_47048.pdf revised version (application/pdf)

Related works:
Journal Article: Random queues and risk averse users (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:24215

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