Exercise field and olewiler
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Exercise (Field and Olewiler). You are the 6th car. Do you take this road, or one where your trip will take 18 minutes? With all 6 cars on the road, what is the total travel time? What is the socially optimal way for the 6 cars to travel to their destinations?

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Exercise (Field and Olewiler)

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Exercise field and olewiler

Exercise (Field and Olewiler)

  • You are the 6th car. Do you take this road, or one where your trip will take 18 minutes?

  • With all 6 cars on the road,

    what is the total travel time?

  • What is the socially optimal way for the 6 cars to travel to their destinations?

  • On the highway, is a person’s decision based on marginal travel time?


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