Arrival timing game for future limited items and full capacity announcement

초록

We investigate the arrival timing problem, where customers compete to arrive earlier in order to secure one of a limited number of items that will be sold in the future. We derive the formulas for the unique Nash equilibrium in each scenario, with and without a full-capacity announcement. With the full-capacity announcement alone, it is possible to enhance both the expected social benefit and the expected profit under optimal pricing to reach the ideal level achievable by centralized coordination.

키워드