Restart strategies and Internet congestion q Sebastian

We recently presented a methodology to quantitatively reduce the average time and variance in the time required to execute electronic transactions in a network environment such as the Internet. In the language of portfolio theory, time to complete a transaction and its variance replace the expected return and risk associated with a security, whereas restart times replace combinations of securities. While such a strategy works well with single users, the question remains as to its usefulness when used by many. By using mean "eld arguments and agent-based simulations, we determine that a restart strategy remains advantageous even when everybody uses it. ( 2001 Elsevier Science B.V. All rights reserved. JEL classixcation: L86; D81