Random queues and risk averse users

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 -