A note on waiting

When students apply to universities or unemployed workers search in the labor market, an increase of time input of one person (resulting in more applications) will increase the waiting time of the others. In this paper it will be show that in a decentralized market there will be excessive congestion Moreover, congestion increases with both the mean and the variance of the net benefits associated with waiting across the population.

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Year of publication:	1997
Authors:	Gautier, Pieter A.
Institutions:	VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics

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Extent:	application/pdf
Series:	Serie Research Memoranda.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Serie Research memoranda / Vrije Universiteit Amsterdam. Faculteit der Economische Wetenschappen en Econometrie Number 0037
Classification:	J22 - Time Allocation and Labor Supply ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005451383