Dynamic Matching in Overloaded Waiting Lists
Dynamic Matching in Overloaded Waiting Lists
复制标题
超载等候名单中的动态匹配
DOI:
10.2139/ssrn.2967011
复制
发表时间:
2019
期刊:
影响因子:
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通讯作者:
Jacob D. Leshno
中科院分区:
文献类型:
--
作者:
Jacob D. Leshno
This paper introduces a stylized model to capture distinctive features of waiting list allocation mechanisms. First, agents choose among items with associated expected wait times. Waiting times serve a similar role to that of monetary prices in directing agents' choices and rationing items. Second, the expected wait for an item is endogenously determined and randomly fluctuates over time. We evaluate welfare under these endogenously determined waiting times and find that waiting time fluctuations lead to misallocation and welfare loss. A simple randomized assignment policy can reduce misallocation and increase welfare. (JEL C78, D61, D82, D83)