Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/94119 
Year of Publication: 
2006
Series/Report no.: 
SFB/TR 15 Discussion Paper No. 144
Publisher: 
Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY), München
Abstract: 
We address the scheduling problem of reordering an existing queue into its efficient order through trade. To that end, we consider individually rational and balanced budget direct and indirect mechanisms. We show that this class of mechanisms allows us to form efficient queues provided that existing property rights for the service are small enough to enable trade between the agents. In particular, we show on the one hand that no queue under a fully deterministic service schedule such as first-come, first-serve can be dissolved efficiently and meet our requirements. If, on the other hand, the alternative is service anarchy (ie. a random queue), every existing queue can be transformed into an efficient order.
Subjects: 
Scheduling
Queueing
Mechanism design
JEL: 
C72
D44
D82
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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