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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2002
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| Subjects: | |
| 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 |