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laboratory experiment. LIFO provides higher equilibrium welfare than FIFO and SIRO since the players arrive such that lower …We consider a class of three-player queuing games where players independently choose when to arrive at a bottleneck … dislike time spent in queue. We derive the equilibrium arrivals under the first-in-first-out (FIFO), last-in-first-out (LIFO …
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of congestion externalities. We show in this paper that the resulting equilibrium may not be unique for particular models … of congestion, including the first-best solution for the conventional Vickrey's bottleneck model. This can have … occur for the well-known dynamic flow congestion model proposed by Chu. A unique equilibrium can be obtained in the …
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