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Rationing by Waiting and the Value of Time: Results from a Natural Experiment

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Cited by:

  1. Glenn W. Harrison & John A. List, 2004. "Field Experiments," Journal of Economic Literature, American Economic Association, vol. 42(4), pages 1009-1055, December.
  2. Jiong Sun & Hendrarto Supangkat & Siva Balasubramanian, 2016. "Peer-to-Peer Sharing of Private Goods: Sellers’ Response and Consumers’ Benefits," Journal of the Association for Consumer Research, University of Chicago Press, vol. 1(2), pages 262-276.
  3. Smith, V. Kerry & Mansfield, Carol, 1998. "Buying Time: Real and Hypothetical Offers," Journal of Environmental Economics and Management, Elsevier, vol. 36(3), pages 209-224, November.
  4. Fleck, Robert K., 2014. "Can prohibitions on “price gouging” reduce deadweight losses?," International Review of Law and Economics, Elsevier, vol. 37(C), pages 100-107.
  5. Maria Arbatskaya & Kaushik Mukhopadhaya & Eric Rasmusen, 2001. "The Parking Lot Problem," CIRJE F-Series CIRJE-F-119, CIRJE, Faculty of Economics, University of Tokyo.
    • Maria Arbatskaya & Kaushik Mukhopadhaya & Eric Rasmusen, 2007. "The Parking Lot Problem," Working Papers 2007-04, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
  6. Lucas W. Davis, Shaun Mcrae, and Enrique Seira Bejarano, 2019. "An Economic Perspective on Mexico's Nascent Deregulation of Retail Petroleum Markets," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
  7. Seung Hyun Lee & Jaeyong Lee, 2020. "Does price gouging happen in the lodging industry? Case of Hurricane Florence," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 19(3), pages 151-161, June.
  8. Rik Chakraborti & Gavin Roberts, 2023. "How price-gouging regulation undermined COVID-19 mitigation: county-level evidence of unintended consequences," Public Choice, Springer, vol. 196(1), pages 51-83, July.
  9. Taylor, Robert, 1998. "The ethic of care versus the ethic of justice: an economic analysis," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 27(4), pages 479-493.
  10. Evan L. Porteus & Hyoduk Shin & Tunay I. Tunca, 2010. "Feasting on Leftovers: Strategic Use of Shortages in Price Competition Among Differentiated Products," Manufacturing & Service Operations Management, INFORMS, vol. 12(1), pages 140-161, November.
  11. Fezzi, Carlo & Bateman, Ian J. & Ferrini, Silvia, 2014. "Using revealed preferences to estimate the Value of Travel Time to recreation sites," Journal of Environmental Economics and Management, Elsevier, vol. 67(1), pages 58-70.
  12. B. Pashigian & Sam Peltzman & Jeanne-Mey Sun, 2003. "Firm Responses to Income Inequality and the Cost of Time," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 22(4), pages 253-273, June.
  13. Orley Ashenfelter & Michael Greenstone, 2004. "Using Mandated Speed Limits to Measure the Value of a Statistical Life," Journal of Political Economy, University of Chicago Press, vol. 112(S1), pages 226-267, February.
  14. Wolff, Hendrik, 2012. "Value of Time: Speeding Behavior and Gasoline Prices," IZA Discussion Papers 6788, Institute of Labor Economics (IZA).
  15. Krekel, Christian & MacKerron, George, 2023. "Back to Edgeworth? Estimating the Value of Time Using Hedonic Experiences," IZA Discussion Papers 16308, Institute of Labor Economics (IZA).
  16. Besley, Timothy & Hall, John & Preston, Ian, 1999. "The demand for private health insurance: do waiting lists matter?," Journal of Public Economics, Elsevier, vol. 72(2), pages 155-181, May.
  17. Christopher R. Knittel, 2013. "The Energy-Policy Efficiency Gap: Was There Ever Support for Gasoline Taxes?," NBER Working Papers 18685, National Bureau of Economic Research, Inc.
  18. Pashigian, B. Peter & Sun, Jeanne-Mey, 1999. "Firm Responses to Growing Inequality in Income and the Cost of Time," Working Papers 153, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
  19. Nathan W. Chan & Casey J. Wichman, 2020. "Climate Change and Recreation: Evidence from North American Cycling," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(1), pages 119-151, May.
  20. Yapeng Li, 2022. "Common Sharing or Public Sharing: A Study on the Choice Behavior of Urban Citizens in Public Travel," Sustainability, MDPI, vol. 14(15), pages 1-19, August.
  21. Ola Andersson & Pol Campos‐Mercade & Fredrik Carlsson & Florian H. Schneider & Erik Wengström, 2022. "The impact of stay‐at‐home policies on individual welfare," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(2), pages 340-362, April.
  22. Ariel Goldszmidt & John A. List & Robert D. Metcalfe & Ian Muir & V. Kerry Smith & Jenny Wang, 2020. "The Value of Time in the United States: Estimates from Nationwide Natural Field Experiments," NBER Working Papers 28208, National Bureau of Economic Research, Inc.
  23. FARAYIBI, Adesoji, 2016. "Investigating the Application of Queue Theory in the Nigerian Banking System," MPRA Paper 73614, University Library of Munich, Germany.
  24. Van Ommeren, Jos N. & Van der Vlist, Arno J., 2016. "Households' willingness to pay for public housing," Journal of Urban Economics, Elsevier, vol. 92(C), pages 91-105.
  25. Orley Ashenfelter & Michael Greenstone, 2002. "Using Mandated Speed Limits to Measure the Value of a Statistical Life," Working Papers 842, Princeton University, Department of Economics, Industrial Relations Section..
  26. Kinsey, Jean D., 1986. "Modeling The Value Of Household Production And Leisure Time: An Historical Development," Staff Papers 13382, University of Minnesota, Department of Applied Economics.
  27. Strand, Jon, 2009. "Valuing statistical lives from observations of speed limits and driving behavior," HERO Online Working Paper Series 2003:21, University of Oslo, Health Economics Research Programme.
  28. Chun (Martin) Qiu & Wenqing Zhang, 2016. "Managing long queues for holiday sales shopping," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 15(1), pages 52-65, February.
  29. Martin, Stephen & Smith, Peter C., 1999. "Rationing by waiting lists: an empirical investigation," Journal of Public Economics, Elsevier, vol. 71(1), pages 141-164, January.
  30. Yixin (Iris) Wang & Jun Li & Ravi Anupindi, 2023. "Manufacturing and Regulatory Barriers to Generic Drug Competition: A Structural Model Approach," Management Science, INFORMS, vol. 69(3), pages 1449-1467, March.
  31. Luca Zamparini & Aura Reggiani, 2007. "Meta-Analysis and the Value of Travel Time Savings: A Transatlantic Perspective in Passenger Transport," Networks and Spatial Economics, Springer, vol. 7(4), pages 377-396, December.
  32. Wolff, Hendrik, 2014. "Value of time: Speeding behavior and gasoline prices," Journal of Environmental Economics and Management, Elsevier, vol. 67(1), pages 71-88.
  33. Berliant, Marcus & McMillen, Daniel P., 2006. "Hedonism vs. nihilism: No arbitrage and tests of urban economic models," Regional Science and Urban Economics, Elsevier, vol. 36(1), pages 118-131, January.
  34. Chan, Nathan & Wichman, Casey, 2017. "The Effects of Climate on Leisure Demand: Evidence from North America," RFF Working Paper Series 17-20, Resources for the Future.
  35. Emek Basker & Lucia Foster & Shawn Klimek, 2017. "Customer‐employee substitution: Evidence from gasoline stations," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 26(4), pages 876-896, December.
  36. Kenneth E. McConnell, 2015. "Valuing time for Department of Homeland Security projects and policies," Chapters, in: Carol Mansfield & V. K. Smith (ed.), Benefit–Cost Analyses for Security Policies, chapter 9, pages 203-224, Edward Elgar Publishing.
  37. van Benthem, Arthur, 2015. "What is the optimal speed limit on freeways?," Journal of Public Economics, Elsevier, vol. 124(C), pages 44-62.
  38. FARAYIBI, Adesoji, 2016. "Service Delivery and Customer Satisfaction in Nigerian Banks," MPRA Paper 73612, University Library of Munich, Germany.
  39. Houyuan Jiang & Zhan Pang & Sergei Savin, 2020. "Performance Incentives and Competition in Health Care Markets," Production and Operations Management, Production and Operations Management Society, vol. 29(5), pages 1145-1164, May.
  40. Emek Basker & Lucia Foster & Shawn Klimek, 2017. "Customer-employee substitution: Evidence from gasoline stations," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 26(4), pages 876-896, December.
  41. Gad Allon & Awi Federgruen & Margaret Pierson, 2011. "How Much Is a Reduction of Your Customers' Wait Worth? An Empirical Study of the Fast-Food Drive-Thru Industry Based on Structural Estimation Methods," Manufacturing & Service Operations Management, INFORMS, vol. 13(4), pages 489-507, October.
  42. Christopher R. Knittel, 2014. "The Political Economy of Gasoline Taxes: Lessons from the Oil Embargo," Tax Policy and the Economy, University of Chicago Press, vol. 28(1), pages 97-131.
  43. Qing Ding & Panos Kouvelis & Joseph M. Milner, 2006. "Dynamic Pricing Through Discounts for Optimizing Multiple-Class Demand Fulfillment," Operations Research, INFORMS, vol. 54(1), pages 169-183, February.
  44. Etienne Billette de Villemeur & Annalisa Vinella, 2019. "Prices, Schedules, and Passenger Welfare in Multi-Service Transportation Systems," CESifo Working Paper Series 7843, CESifo.
  45. Glenn Harrison, 2005. "Field experiments and control," Artefactual Field Experiments 00057, The Field Experiments Website.
  46. Dietrich Earnhart, 2004. "Time is Money: Improved Valuation of Time and Transportation Costs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(2), pages 159-190, October.
  47. Sofía Garrido & Emilio Gutiérrez, 2019. "Time goes by so slowly (for those who wait): a field experiment in health care," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 28(1), pages 1-17, December.
  48. Casey B. Mulligan & Kevin K. Tsui, 2016. "The Upside-down Economics of Regulated and Otherwise Rigid Prices," NBER Working Papers 22305, National Bureau of Economic Research, Inc.
  49. Yina Lu & Andrés Musalem & Marcelo Olivares & Ariel Schilkrut, 2013. "Measuring the Effect of Queues on Customer Purchases," Management Science, INFORMS, vol. 59(8), pages 1743-1763, August.
  50. Christopher R. Knittel, 2013. "Transportation Fuels Policy since the OPEC Embargo: Paved with Good Intentions," American Economic Review, American Economic Association, vol. 103(3), pages 344-349, May.
  51. Peter Pashigian & Jeanne-Mey Sun, 1999. "Firm Responses to Growing Ineguality in Income and the Cost of Time," University of Chicago - George G. Stigler Center for Study of Economy and State 153, Chicago - Center for Study of Economy and State.
  52. Hartman, John Lawrence, 2007. "The Relevance of Heterogeneity in a Congested Route Network with Tolls: An Analysis of Two Experiments Using Actual Waiting Times and Monetized Time Costs," University of California at Santa Barbara, Economics Working Paper Series qt22b46341, Department of Economics, UC Santa Barbara.
  53. Wichman, Casey & Cunningham, Brandon, 2017. "Notching for Free: Do Cyclists Reveal the Value of Time?," RFF Working Paper Series 17-17, Resources for the Future.
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