Estimation of a Simple Queuing System WithUnits-in-Service and Complete Data
Queuing theory may be useful for analyzing economic phenomena involving count and duration data. We develop maximum likelihood estimators for the time-varying parameters of a simple queuing system based on two kinds of data: complete interarrival and service times (IST), and number of units in service (NIS). The IST estimator dominates the NIS estimator, in terms of ease of implementation, bias, and variance. The model is useful for many empirical applications in economics.
|Date of creation:||04 Nov 2005|
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- James E. Prieger, .
"Regulation, Innovation, and the introduction of new telecommunications services,"
Department of Economics
00-08, California Davis - Department of Economics.
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- James E. Prieger, 2003. "Regulation, Innovation, and the introduction of new telecommunications services," Working Papers 08, University of California, Davis, Department of Economics.
- James E. Prieger, 2003.
"Telecommunications Regulation and New Services: a Case Study at the State Level,"
011, University of California, Davis, Department of Economics.
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- James E. Prieger, . "Telecommunications Regulation and New Services: a Case Study at the State Level," Department of Economics 00-11, California Davis - Department of Economics.
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