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| Author: | Sattinger, M. |
| Title: | A queuing model of the market for access to trading partners |
| Journal: | International Economic Review
2002 : MAY, VOL. 43:2, p. 533-547 |
| Index terms: | International trade Queuing theory Competitive equilibrium |
| Language: | eng |
| Abstract: | In this article, a market for access to trading partners arises through the operation of a comparative market in which consumers queue for goods at firms. Equilibrium occurs when firms and buyers face the same trade-off between price and wait time. The queuing model is related to mechanisms that ration goods among potential buyers and to models in which the good is characterized by price and by a second variable reflecting likelihood of or delay in transaction. |
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