Information and time-of-usage decisions in the bottleneck model with stochastic capacity and demand.
A study was conducted to analyze the effects of information on participation and time-of-use decisions for a facility subject to queuing congestion when there are predictable and unpredictable fluctuations in capacity and demand. Findings revealed that with constant elasticity demand and schedule d...
| Publicado en: | European Economic Review Vol. 43; no. 3; pp. 525 - 549 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Elsevier Science
March 1999
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | A study was conducted to analyze the effects of information on participation and time-of-use decisions for a facility subject to queuing congestion when there are predictable and unpredictable fluctuations in capacity and demand. Findings revealed that with constant elasticity demand and schedule delay cost functions, expected social surplus is greater with perfect than with imperfect information. Imperfect information, however, can reduce welfare by causing adverse changes in individuals' times of usage. |
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