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Joint Search with No Information: An Inefficient Immediate Agreement Theorem

Author

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  • Rohan DUTTA

Abstract

The no-information case of a finite horizon joint search problem between two players with conflicting preferences is studied. It is shown that if the players have convex preferences and are patient enough, then they abandon their search by accepting the first period alternative.

Suggested Citation

  • Rohan DUTTA, 2016. "Joint Search with No Information: An Inefficient Immediate Agreement Theorem," Cahiers de recherche 12-2016, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    • Handle: RePEc:mtl:montec:12-2016
    as

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    References listed on IDEAS

    as
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    2. Albrecht, James & Anderson, Axel & Vroman, Susan, 2010. "Search by committee," Journal of Economic Theory, Elsevier, vol. 145(4), pages 1386-1407, July.
    3. Minoru Sakaguchi & Vladimir V. Mazalov, 2004. "A non-zero-sum no-information best-choice game," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 60(3), pages 437-451, December.
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    6. Alpern, Steve & Gal, Shmuel & Solan, Eilon, 2010. "A sequential selection game with vetoes," Games and Economic Behavior, Elsevier, vol. 68(1), pages 1-14, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    search; bargaining; committees; secretary problem;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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