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# Exercise (Field and Olewiler) - PowerPoint PPT Presentation

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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## PowerPoint Slideshow about 'Exercise (Field and Olewiler)' - ziya

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Presentation Transcript
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?