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We study a class of single-server queueing systems with a finite population size, FIFO queue discipline, and no balking or reneging. In contrast to the predominant assumptions of queueing theory of exogenously determined arrivals and steady state behavior, we investigate queueing systems with...
Persistent link: https://www.econbiz.de/10014027623
We study both theoretically and experimentally the decisions players make in two queueing games with batch service. In both games, players are asked to independently decide when to join a discrete-time queue to receive service, or they may simply choose not to join it at all. Equilibrium...
Persistent link: https://www.econbiz.de/10014028689
We study a class of queueing problems with endogenous arrival times that we formulate as non-cooperative n-person games in normal form with discrete strategy spaces, fixed starting and closing times, and complete information. With multiple equilibria in pure strategies, these queueing games give...
Persistent link: https://www.econbiz.de/10014028810
The two-person centipede game is one of the most celebrated paradoxes of backward induction in complete information extensive form games. An experimental investigation of a three-person centipede game shows that the paradoxical results are strongly affected by the size of the stakes. When the...
Persistent link: https://www.econbiz.de/10014028818
Germany and the United States face a common challenge in promoting innovation and entrepreneurship to maintain their leadership in global markets, with the economic growth and employment both societies seek. To this end, innovative policies at national and regional level are needed so that...
Persistent link: https://www.econbiz.de/10005865070
Previous research indicates that risky and uncertain marginal returnsfrom the public good significantly lower contributions. This paper presentsexperimental results illustrating that the effects of risk and uncertainty dependon the employed parameterization. Specifically, if the value of the...
Persistent link: https://www.econbiz.de/10005866390
The notion of choice inconsistency is widely spread in the literature on behavioraleconomics. Several approaches were used to account for the observation that peoplereverse their choices over time. This paper aims to explain the formation of resolutionsregarded as internal self-binding devices....
Persistent link: https://www.econbiz.de/10005866391