Posts Tagged ‘queues’

  • Restaurants' have some monopoly characteristics that let them deal with no-shows and maximize their revenue.

    Using Economics To Deal With Restaurant No-Shows

    May 22, 14 • 477 Views • No Comments

    At one of my favorite restaurants in Nantucket, you can call at any time during the summer to get a 6:00 reservation. But if you want to eat at 7:30 or 9:00, you have to line up outside on that day. At 6:00, they start moving through the line to note your...  [read more]

  • Price Elasticity, dynamic pricing and traffic congestion

    The Cost of Traffic in Fort Lee

    Jan 10, 14 • 807 Views • No Comments

    Have you ever thought of traffic congestion as a queue? Concerned about congestion on Oscar night, engineers in LA have manipulated traffic to keep the limo queues moving. Before Crash won the Oscar in 2006, street-based observers were calling in with,...  [read more]

  • empty shelves..command..iStock_000006028608XSmall

    A Command Economy: Playing the Game

    May 9, 13 • 1178 Views • No Comments

    Queue is now a game. But not always. In Poland, during the 1970s, you might have taken an hour or two off from work, rotating with a brother or sister, to stand in line. Everyone could have been waiting for a pair of shoes but if a shampoo were available, you...  [read more]

  • a queue..a line..16798_8.12_000009783048XSmall

    Standing In Line

    Apr 15, 12 • 402 Views • No Comments

    Walking along 56th Street in NYC, maybe a half block before 5th Avenue, I always see people on line. (New Yorkers say on line. Almost everyone else says in line.) They are waiting to enter Abercrombie & Fitch. Usually we associate an economic cost with a...  [read more]

  • 16570_3.15a_000002547262XSmall

    Speedy Airplane Boarding

    Aug 23, 11 • 314 Views • 1 Comment

    Closely connected to an airline’s bottom line, speedy boarding means more efficiency. Here you can see the following alternative boarding strategies in action. Front to back: Least popular. Early boarders block those who follow them. Back to Front Very...  [read more]