Ski-lift pricing, with applications to labor and other markets.
研究滑雪场或游乐园的入场门票定价，发现尽管高峰期排队更长且票价调整缓慢，但在合理条件下市场结果接近有效，并将此结论推广到拥堵问题和劳动力市场的利润分享方案。
The market for ski runs or amusement rides often features admission tickets with no explicit price per ride. Therefore, the equilibrium i nvolves queues, which are systematically longer during peak periods s uch as weekends. Moreover, the prices of admission tickets are much l ess responsive than the length of queues to variations in demand, eve n when these variations are predictable. Despite the queues and stick y prices, the authors show that the outcomes are nearly efficient und er plausible conditions. They then show that similar results obtain f or some familiar congestion problems and for profit-sharing schemes i n the labor market. Copyright 1987 by American Economic Association.