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Bell, Ann M. 1 Sethares, William A. 1
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Society for Computational Economics - SCE 1
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Computing in Economics and Finance 1999 1
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The El Farol Problem and the Internet: Congestion and Coordination Failure
Bell, Ann M.; Sethares, William A. - Society for Computational Economics - SCE - 1999
The El Farol or bar attendance problem provides a simple paradigm for analyzing public goods like the Internet, which may simultaneously suffer from congestion and coordination problems. This paper reviews the El Farol problem and surveys previous solutions, which typically involve complex...
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