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Journal of Economic Perspectives: Vol. 3 No. 3 (Summer 1989)
JEP Volume. 3, Issue 3 | 
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Puzzles: The Arbitrage Mirage, Wait Watchers, and More
Article Citation
Nalebuff, Barry. 1989. "Puzzles: The Arbitrage Mirage, Wait Watchers, and More."
Journal of Economic Perspectives,
3(3): 165-174.
DOI: 10.1257/jep.3.3.165
DOI: 10.1257/jep.3.3.165
Abstract
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.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Nalebuff, Barry (Yale U)
JEL Classifications
011: General Economics
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