Commuting for meetings
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Commuting for meetings. / Fosgerau, Mogens; Engelson, Leonid; Franklin, Joel P.
I: Journal of Urban Economics, Bind 81, 05.2014, s. 104.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Commuting for meetings
AU - Fosgerau, Mogens
AU - Engelson, Leonid
AU - Franklin, Joel P.
PY - 2014/5
Y1 - 2014/5
N2 - Urban congestion causes travel times to exhibit considerable variability, which leads to coordination problems when people have to meet. We analyze a game for the timing of a meeting between two players who must each complete a trip of random duration to reach the meeting, which does not begin until both are present. Players prefer to depart later and also to arrive sooner, provided they do not have to wait for the other player. We find a unique Nash equilibrium, and a continuum of Pareto optima that are strictly better than the Nash equilibrium for both players. Pareto optima may be implemented as Nash equilibria by penalty or compensation schemes.
AB - Urban congestion causes travel times to exhibit considerable variability, which leads to coordination problems when people have to meet. We analyze a game for the timing of a meeting between two players who must each complete a trip of random duration to reach the meeting, which does not begin until both are present. Players prefer to depart later and also to arrive sooner, provided they do not have to wait for the other player. We find a unique Nash equilibrium, and a continuum of Pareto optima that are strictly better than the Nash equilibrium for both players. Pareto optima may be implemented as Nash equilibria by penalty or compensation schemes.
KW - Congestion
KW - Coordination game
KW - Random travel time variability
UR - http://www.scopus.com/inward/record.url?scp=84898756234&partnerID=8YFLogxK
U2 - 10.1016/j.jue.2014.03.002
DO - 10.1016/j.jue.2014.03.002
M3 - Journal article
AN - SCOPUS:84898756234
VL - 81
SP - 104
JO - Journal of Urban Economics
JF - Journal of Urban Economics
SN - 0094-1190
ER -
ID: 181871640