Puzzles
The Arbitrage Mirage, Wait Watchers, and More
Bibliographic Data
| ID | 14855426 |
|---|---|
| Authors | Barry Nalebuff (0000-0002-6290-7009, Professor of Economics and Management, Yale University, SOM, New Haven, Connecticut., corresponding author) |
| Year | 1989 |
| Volume | 3 |
| Issue | 3 |
| Pages | 165-174 |
| Publication date | 1989-08-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.3.3.165 |
| OpenAlex | W2052111040 |
| Language | EN |
| References cited | 3 |
This feature begins with three puzzles motivated by the paradox of the “greener envelope,” which was described in detail in the Winter 1989 issue. Following these exchange paradoxes are two longer puzzles, also with answers provided at the end. The longer puzzles focus on externality problems: how to design social conventions and toll systems to minimize inefficient waiting in line. Answers can be found at the end of the problems
Arbitrage · Economics · Externality · Financial economics · Law and economics · Microeconomics · Toll · Advanced Queuing Theory Analysis · Philosophy · Supply Chain and Inventory Management · Transportation Planning and Optimization
| Highly cited | No |
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