Waiting-Line Auctions
研究在指定时间按先到先得原则分配奖品时，个体通过选择到达时间来决定等待时长，这类似于拍卖中的密封投标，并分析了风险中性下的均衡与交易成本。
If prizes are to be awarded simultaneously at a specified time on a first-come- first-served basis, then individuals who queue for them will choose different waiting times through their arrivals at the queue. This choice of arrival time at a queue is similar to the choice of a sealed tender in an auction. An equilibrium for this "waiting-line auction" is obtained here using methods for analyzing sealed-tender auctions. When individuals are risk neutral it is shown that several alternative waiting-line allocation procedures result in the same transactions cost associated with waiting in line.