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Competitive Pricing Using Model-Based Bandits. [PDF]

open access: yesComput Econ
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A case where a paradox like Braess's occurs in the Nash equilibrium but does not occur in the Wardrop equilibrium - a situation of load balancing in distributed computer systems

Proceedings of the 38th IEEE Conference on Decision and Control (Cat. No.99CH36304), 2003
The Braess paradox which was originally identified and observed in road traffic context, shows that it may happen that by adding capacity to the network, the performance of all users degrades. This paradox has long been known in a framework called the Wardrop equilibrium, in which there are infinitely many individuals and in which the decision of one ...
H. Kameda, E. Altman, T. Kozawa
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