The Braess Paradox (BP) in traffic and communication networks is a powerful illustration of the possible counterintuitive implications of the Nash equilibrium solution. It shows that, paradoxically, when one or more links are added to a weighted network with linear costs that depend on...

The Braess Paradox consists of showing that, in equilibrium, adding a new link that connects two routes running between a common origin and common destination may raise the travel cost for each network user. We report the results of two experiments designed to study whether the paradox is...

Focusing on sellers' pricing decisions and the ensuing seller-buyer interactions, we report an experiment on dynamic pricing with scarcity in the form of capacity constraints. Rational expectations equilibrium solutions are constructed and then tested experimentally with subjects assigned the...