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Braess paradox with mixed strategies

Author

Listed:
  • Hans Haller

    (Virginia Polytechnic Institute and State University)

Abstract

The Braess paradox persists if drivers play mixed strategies. In equilibria in mixed strategies, traffic flows are almost the same as in equilibria in pure strategies. traffic flows are almost the same as in equilibria in pure strategies.

Suggested Citation

  • Hans Haller, 2023. "Braess paradox with mixed strategies," Economics Bulletin, AccessEcon, vol. 43(1), pages 93-98.
    • Handle: RePEc:ebl:ecbull:eb-22-00395
    as

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    References listed on IDEAS

    as
    1. Anna Nagurney & David Boyce, 2005. "Preface to “On a Paradox of Traffic Planning”," Transportation Science, INFORMS, vol. 39(4), pages 443-445, November.
    2. Dietrich Braess & Anna Nagurney & Tina Wakolbinger, 2005. "On a Paradox of Traffic Planning," Transportation Science, INFORMS, vol. 39(4), pages 446-450, November.
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    More about this item

    Keywords

    Braess Paradox; Mixed Strategies;

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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