A note on waiting

Pieter A. Gautier

A note on waiting

Pieter A. Gautier

School of Business and Economics

Research output: Working paper / Preprint › Working paper › Professional

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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 language	English
Place of Publication	Amsterdam
Publisher	Vrije Universiteit Amsterdam, Faculty of Economics and Business Administration
Publication status	Published - 1997

Publication series

Name	Research Memorandum
No.	1997-37

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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19970037Final published version, 102 KB

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A note on waiting

Abstract

Publication series

UN SDGs

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