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When Queuening is Better than Push and Shove

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Author Info

  • Alex Gershkov
  • Paul Schweinzer

Abstract

We address the scheduling problem of reordering an existing queue into its efficient order through trade. To that end, we consider individually rational and balanced budget direct and indirect mechanisms. We show that this class of mechanisms allows us to form efficient queues provided that existing property rights for the service are small enough to enable trade between the agents. In particular, we show on the one hand that no queue under a fully deterministic service schedule such as first-come, first-serve can be dissolved efficiently and meet our requirements. If, on the other hand, the alternative is service anarchy (ie. a random queue), every existing queue can be transformed into an efficient order.

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File URL: http://www.wiwi.uni-bonn.de/bgsepapers/bonedp/bgse10_2006.pdf
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Bibliographic Info

Paper provided by University of Bonn, Germany in its series Bonn Econ Discussion Papers with number bgse10_2006.

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Length: 19
Date of creation: May 2006
Date of revision:
Handle: RePEc:bon:bonedp:bgse10_2006

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Postal: Bonn Graduate School of Economics, University of Bonn, Adenauerallee 24 - 26, 53113 Bonn, Germany
Fax: +49 228 73 6884
Web page: http://www.bgse.uni-bonn.de

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Keywords: Scheduling; Queueing; Mechanism design;

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References

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  1. Roger B. Myerson, 1978. "Optimal Auction Design," Discussion Papers 362, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  2. Manipushpak Mitra, 2000. "Achieving the First Best in Sequencing Problems," Bonn Econ Discussion Papers bgse11_2001, University of Bonn, Germany.
  3. Thomas Kittsteiner & Benny Moldovanu, 2005. "Priority Auctions and Queue Disciplines That Depend on Processing Time," Management Science, INFORMS, vol. 51(2), pages 236-248, February.
  4. Manipushpak Mitra & Roland Hain, 2001. "Simple Sequencing Problems with Interdependent Costs," Bonn Econ Discussion Papers bgse20_2001, University of Bonn, Germany.
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  6. Vijay Krishna & Motty Perry, 1997. "Efficient Mechanism Design," Game Theory and Information 9703010, EconWPA, revised 28 Apr 1998.
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  15. Jeroen Suijs, 1996. "On incentive compatibility and budget balancedness in public decision making," Review of Economic Design, Springer, vol. 2(1), pages 193-209, December.
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Cited by:
  1. Robert Gibbons, Editor & John Roberts, Editor, 2012. "The Handbook of Organizational Economics," Economics Books, Princeton University Press, edition 1, volume 1, number 9889.
  2. Youngsub Chun & Manipushpak Mitra & Suresh Mutuswami, 2013. "Reordering an existing queue," Discussion Papers in Economics 13/15, Department of Economics, University of Leicester.
  3. Stefano Galavotti & Nozomu Muto & Daisuke Oyama, 2011. "On efficient partnership dissolution under ex post individual rationality," Economic Theory, Springer, vol. 48(1), pages 87-123, September.
  4. Bumin Yenmez, M., 2012. "Dissolving multi-partnerships efficiently," Journal of Mathematical Economics, Elsevier, vol. 48(2), pages 77-82.
  5. Segal, Ilya R. & Whinston, Michael D., 2011. "A simple status quo that ensures participation (with application to efficient bargaining)," Theoretical Economics, Econometric Society, vol. 6(1), January.

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