منابع مشابه
Directed search and optimal production
I consider a model of directed search in which strategic sellers advertise general trading mechanisms. A mechanism determines the number of buyers that will get served and the side payments as a function of ex post realized demand. After observing these advertisements buyers simultaneously visit exactly one seller. Each buyer’s expected utility depends on the visiting decisions of other buyers....
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Over the last few decades, several economies have experienced changes in the level of aggregate volatility and a rise in wage dispersion. This paper investigates the appropriate labor market policy response to these changes. We introduce unemployment benefits financed by a proportional earnings tax within a model of directed search on the job. We show that there exists a unique positive level o...
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In this paper, we use a learning automata search technique (LAST), which is based on game theory, to solve the optimal buffer allocation problem in production lines. We have incorporated the search algorithm within a simulator in order to optimize the performance of a production line. We have conducted experiments with this algorithm on some problems for which optimal solutions are available in...
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Understanding the method that consumers use to sample through alternatives is paramount to correctly estimating their preference and search cost parameters. Identifying consumers’ search method has been the subject of two recent papers (De los Santos et al. 2012; Honka and Chintagunta, 2014). Both of these papers find that the simultaneous search model more accurately describes consumers’ searc...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2012
ISSN: 0022-0531
DOI: 10.1016/j.jet.2012.09.008