Priority pricing with application to time-shared computers
Maurice G. Marchand · 1968
Where a commodity cannot be stored, the producer is generally unable to adjust the supply instantaneously to randomly fluctuating demands. When the demand is greater than the supply, some consumers can be put into queues. Since consumers can differ significantly in the urgency of their requests, important social costs may be involved if adequate procedures are not designed to favor the individuals whose requests are the most urgent.