Rational Multi-Agent Search

We study games in which players search for an optimal action profile. All action profiles are either a success, with a payoff of one, or a failure, with a payoff of zero. Players do not know the location of success profiles; instead each player is privately informed about the marginal distribution of success profiles over his actions. We characterize optimal joint search strategies.

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Year of publication:	2006-12-03
Authors:	Blume, Andreas ; Franco, April ; Heidhues, Paul
Institutions:	Society for Economic Dynamics - SED
Subject:	Search \| Decentralization \| Symmetry

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Extent:	application/pdf
Series:	2006 Meeting Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series 2006 Meeting Papers Number 776
Classification:	C72 - Noncooperative Games ; C73 - Stochastic and Dynamic Games ; D23 - Organizational Behavior; Transaction Costs; Property Rights
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005051236