Journal of Economic Perspectives: Vol. 3 No. 3 (Summer 1989)


Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter


JEP - All Issues

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


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)


Nalebuff, Barry (Yale U)

JEL Classifications

011: General Economics


View Comments on This Article (0) | Login to post a comment

Journal of Economic Perspectives

Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)


JEP - All Issues

Virtual Field Journals

AEA Member Login:

AEAweb | AEA Journals | Contact Us