Construct · 1 fields · 1 citations

Naor's model: a standalone construct

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Queueing theory

a model of self-interested customers deciding whether to join an observable queue, showing they join more than is socially optimal and a toll can correct it.

In queueing theory, Naor's model refers to a model of self-interested customers deciding whether to join an observable queue, showing they join more than is socially optimal and a toll can correct it. This meaning comes from Naor (1969) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

join3 fields · 3 citationsjingle · one word, three constructs model3 fields · 3 citationsjingle · one word, three constructs queue3 fields · 5 citationsjingle · one word, three constructs

References

Naor, P. (1969). The Regulation of Queue Size by Levying Tolls. Econometrica, 37(1), 15. https://doi.org/10.2307/1909200

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