The General Dominance of Lottery over Waiting-Line Auction

The General Dominance of Lottery over Waiting-Line Auction

This paper examines the allocative efficiency of two popular non-price allocation mechanisms — the lottery (random allocation) and the waiting-line auction (queue system) — for the cases where consumers possess identical time costs (the homogeneous case), and where time costs are correlated with tim...

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Bibliographic Details
Main Authors: KOH, Winston T. H., YANG, Zhenlin, ZHU, Lijing
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2002
Subjects:
Lottery
Non-price allocation
Rent-seeking
Waiting-line auction
Behavioral Economics
Econometrics
Online Access:https://ink.library.smu.edu.sg/soe_research/690
https://ink.library.smu.edu.sg/context/soe_research/article/1689/viewcontent/Lottery.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/690
https://ink.library.smu.edu.sg/context/soe_research/article/1689/viewcontent/Lottery.pdf

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