SEARCH, Variable Sample Size, A Computational Solution

This file is part of IDEAS, which uses RePEc data

SEARCH, Variable Sample Size, A Computational Solution

Author Info

Pedro Cosme (Faculty of Economics, University of Oporto)

Additional information is available for the following registered author(s):

Pedro Cosme da Costa Vieira

Abstract

Morgan (1983) guaranteed that VSS dominated both FSS and SSR. But it is difficult to calculate the optimal sample size and the optimal reservation price both without recall and with full recall. As VSS without recall is a simplification of VSS with full recall, we will present on appendix a VB30 program that calculates only the full recall case. As known, on VSS, the search is sequential and in each period the sample size is variable. As normal, we will extract sellers prices from F(x) that is common knowledge, temporal horizon is T, goods are homogenous, no discount and consumer buys once just one unity of goods.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

Publisher Info
Paper provided by EconWPA in its series Computational Economics with number 9706001.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 9 pages
Date of creation: 04 Jun 1997
Date of revision:
Handle: RePEc:wpa:wuwpco:9706001

Note: Type of Document - Microsoft Word 6.0; prepared on PC; to print on HP; pages: 9 ; figures: 5 included
Contact details of provider:
Web page: http://129.3.20.41

For technical questions regarding this item, or to correct its listing, contact: (EconWPA).

Related research
Keywords: Search VSS;

Find related papers by JEL classification:
C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Statistical Decision Theory; Operations Research
C63 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computational Techniques
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Morgan, Peter B, 1983. "Search and Optimal Sample Sizes," Review of Economic Studies, Blackwell Publishing, vol. 50(4), pages 659-75, October. [Downloadable!] (restricted)
Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey," Economic Inquiry, Oxford University Press, vol. 14(3), pages 347-68, September.

Full references

Statistics
Access and download statistics

Did you know? All the bibliographic data shown here has been contributed by volunteers, thereby helping to keep this service free.

This page was last updated on 2009-11-13.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.