See also http://www.nytimes.com/2009/12/27/business/economy/27view.ht...
Unfortunately, Waze has at least two incentives not to provide socially optimal paths. First, individuals would have an incentive to find individually-optimal paths by using a different app that provides them. Second,…
Networked traffic routing apps like Waze ought to nullify the Braess' paradox; if everyone used Waze, new roads would always have a positive marginal impact.
See also http://www.nytimes.com/2009/12/27/business/economy/27view.ht...
Unfortunately, Waze has at least two incentives not to provide socially optimal paths. First, individuals would have an incentive to find individually-optimal paths by using a different app that provides them. Second,…
Networked traffic routing apps like Waze ought to nullify the Braess' paradox; if everyone used Waze, new roads would always have a positive marginal impact.