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Reordering an existing queue

Author

Listed:
  • Youngsub Chun

    (Seoul National University)

  • Manipushpak Mitra

    (Indian Statistical Institute)

  • Suresh Mutuswami

    (University of Leicester)

Abstract

We consider the mechanism design problem of reordering an existing queue when waiting costs are unknown and processing times for jobs are identical. In contrast to the corresponding problem without an initial queue, budget balance (BB), outcome efficiency (OE), strategyproofness (SP), and individual rationality (IR) are incompatible. We investigate the implications of dropping BB and OE. Dropping BB yields no mechanism which never runs a budget deficit but allowing for a bound on the budget deficit yields positive results. Dropping OE yields only fixed-price trading or constant mechanisms when there are two agents but there are additional mechanisms when there are more agents. We identify a mechanism which is not a fixed-price trading mechanism and characterize its maximal level of ‘queue inefficiency’.

Suggested Citation

  • Youngsub Chun & Manipushpak Mitra & Suresh Mutuswami, 2017. "Reordering an existing queue," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 49(1), pages 65-87, June.
  • Handle: RePEc:spr:sochwe:v:49:y:2017:i:1:d:10.1007_s00355-017-1051-y
    DOI: 10.1007/s00355-017-1051-y
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    Cited by:

    1. Banerjee, Sreoshi & De, Parikshit & Mitra, Manipushpak, 2020. "A welfarist approach to sequencing problems with incentives," MPRA Paper 107188, University Library of Munich, Germany.

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    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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