Publication | Closed Access
Equilibrium Threshold Strategies: The Case of Queues with Priorities
135
Citations
28
References
1997
Year
Price Of AnarchyGame TheoryMarket Equilibrium ComputationNash Equilibrium StrategiesPricingMarket DesignQueueing TheoryPriority LevelsOperations ResearchManagementDecision TheoryMechanism DesignQuantitative ManagementEconomicsThreshold TypeEquilibrium Threshold StrategiesQueueing SystemsEquilibrium ProblemBusinessDecision ScienceAlgorithmic Game TheoryMicroeconomics
Multiplicity of solutions is typical for systems where the individual's tendency to act in a certain way increases when more of the other individuals in the population act in this way. We provide a detailed analysis of a queueing model in which two priority levels can be purchased. In particular, we compute all of the Nash equilibrium strategies (pure and mixed) of the threshold type.
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