A note on waiting

Research output: Working paperProfessional

Abstract

When students apply to universities or unemployed workers search in the labor market, anincrease of time input of one person (resulting in more applications) will increase the waitingtime of the others. In this paper it will be show that in a decentralized market there will beexcessive congestion Moreover, congestion increases with both the mean and the varianceof the net benefits associated with waiting across the population.
Original languageEnglish
Place of PublicationAmsterdam
PublisherFaculty of Economics and Business Administration, Vrije Universiteit Amsterdam
Publication statusPublished - 1997

Publication series

NameResearch Memorandum
No.1997-37

Fingerprint

labor market
worker
human being
university
market
student
time

Cite this

Gautier, P. A. (1997). A note on waiting. (Research Memorandum; No. 1997-37). Amsterdam: Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam.
Gautier, Pieter A. / A note on waiting. Amsterdam : Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam, 1997. (Research Memorandum; 1997-37).
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Gautier, PA 1997 'A note on waiting' Research Memorandum, no. 1997-37, Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam, Amsterdam.

A note on waiting. / Gautier, Pieter A.

Amsterdam : Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam, 1997. (Research Memorandum; No. 1997-37).

Research output: Working paperProfessional

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Gautier PA. A note on waiting. Amsterdam: Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam. 1997. (Research Memorandum; 1997-37).