Microeconomics Theory Seminar Series | Priorities in Queues: Regulation and Profit Maximization by Moshe Haviv
Invites you to a
Microeconomics Theory seminar presented by
(Chinese University of Hong Kong)
Priorities in Queues: Regulation and Profit Maximization
Wednesday 10 August
4.00pm – 5.00pm
Via Zoom: Meeting Link
Abstract: Left for themselves customers intend to over congest a queueing system. The introduction of upon payment priority schemes may lead to a socially better outcome. At the same time, due to the positive network externalities associated with priorities, a monopoly can make an extra profit by various charging schemes. The talk will review a number of results in this area.
(Based on papers co-authored separately with R. Hassin, B. Oz, and E. Winter).