TY - JOUR
T1 - Random queues and risk averse users
AU - de Palma, André
AU - Fosgerau, Mogens
PY - 2013/10/16
Y1 - 2013/10/16
N2 - We analyze 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.
AB - We analyze 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.
KW - Congestion Queuing Risk aversion Endogenous arrivals
UR - http://www.scopus.com/inward/record.url?scp=84878913793&partnerID=8YFLogxK
U2 - 10.1016/j.ejor.2013.04.041
DO - 10.1016/j.ejor.2013.04.041
M3 - Journal article
AN - SCOPUS:84878913793
SN - 0377-2217
VL - 230
SP - 313
EP - 320
JO - European Journal of Operational Research
JF - European Journal of Operational Research
IS - 2
ER -