Waiting lists offer agents a choice between types of items with associated nonmonetary prices given by required waiting times. These nonmonetary prices are endogenously determined by a tâtonnement-like price discovery process: an item's price increases when an agent queues for it, and decreases...

Many financial markets operate as electronic limit order books under a price-time priority rule. In this setting, among all resting orders awaiting trade at a given price, earlier orders are prioritized for matching with contra-side liquidity takers. This creates a technological arms race among...

In a limit order market, orders submitted at about the same time are subject to random latencies and will be queued accordingly. A theoretical model captures the strategic behavior of market makers who, in anticipation of such queuing uncertainty, fiercely compete for the rent in liquidity...