Price of anarchy in transportation networks: efficiency and optimality control.

Abstract

Uncoordinated individuals in human society pursuing their personally optimal strategies do not always achieve the social optimum, the most beneficial state to the society as a whole. Instead, strategies form Nash equilibria which are often socially suboptimal. Society, therefore, has to pay a price of anarchy for the lack of coordination among its members… (More)

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@article{Youn2008PriceOA, title={Price of anarchy in transportation networks: efficiency and optimality control.}, author={Hyejin Youn and Michael T. Gastner and Hawoong Jeong}, journal={Physical review letters}, year={2008}, volume={101 12}, pages={128701} }