Efficient (Re-)Scheduling: An Auction Approach

12 Pages Posted: 19 Jul 2004 Last revised: 31 Oct 2017

See all articles by Siri Pettersen Strandenes

Siri Pettersen Strandenes

Norwegian School of Economics (NHH) - Department of Economics

Elmar Wolfstetter

Humboldt University of Berlin - Faculty of Economics; Korea University - College of Economics and Commerce; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: October 1, 2003

Abstract

This paper considers one-sided scheduling problems, where a schedule of service is arranged at one location, without regard to other schedules. Typically, such scheduling problems are handled on a first-come-first-serve basis, which is grossly inefficient. The present paper proposes a scheduling mechanism that is a non-standard auction, in which the allocation is ruled by evaluating combinations of bids. The proposed mechanism implements the efficient allocation in dominant strategies and is deficit-free. Since that mechanism is suitable for the scheduling problems at sea-ports, loading or unloading at sea-ports is used as an illustration.

Keywords: Auctions, rationing

JEL Classification: D44, D45

Suggested Citation

Strandenes, Siri Pettersen and Wolfstetter, Elmar G., Efficient (Re-)Scheduling: An Auction Approach (October 1, 2003). Economics Letters, Vol. 89, 2005, Available at SSRN: https://ssrn.com/abstract=560627 or http://dx.doi.org/10.2139/ssrn.560627

Siri Pettersen Strandenes

Norwegian School of Economics (NHH) - Department of Economics ( email )

Helleveien 30
N-5035 Bergen
Norway

Elmar G. Wolfstetter (Contact Author)

Humboldt University of Berlin - Faculty of Economics ( email )

Institut für Wirtschaftstheorie I
Spandauer Strasse 1
Berlin
Germany
+49 30 2093 5652/3 (Phone)
+49 30 2093 5619 (Fax)

HOME PAGE: http://www2.hu-berlin.de/wt1wo/staff/wolfstetter/index.html

Korea University - College of Economics and Commerce ( email )

Anam-dong, Sungbuk-Ku
Seoul, 136-701
Korea

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

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