Equilibrium strategies in a tandem queue under various levels of information

We analyze from an economical point of view a tandem network with two nodes. We look at different situations, that is, when customers upon their arrival are no informed, partially informed or totally informed about the state of the system. For each case, we look for the strategy that optimizes the individual net benefit. In addition, for the totally unobservable case, we also study the strategy what would be socially optimal, i.e. maximizing the overall welfare.

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Year of publication:	2011-10
Authors:	D'Auria, Bernardo ; Kanta, Spyridula
Institutions:	Departamento de Estadistica, Universidad Carlos III de Madrid
Subject:	Tandem queues \| Nash equilibrium \| Optimization \| Economical Strategies

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Extent:	application/pdf
Series:	Statistics and Econometrics Working Papers.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010615321