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The paper develops a committee search model with ex-ante heterogeneous agents and designs laboratory experiments to test theoretical predictions. In the theoretical part of the study, there exists one and only one pivotal voter, who can perfectly and dominantly control the voting results of the...
Persistent link: https://www.econbiz.de/10012956020
The objective of this paper is to design a laboratory experiment for an infinite-horizon sequential committee search model in order to test some of the implications obtained by the model in Albrecht, Anderson, and Vroman (2010) (AAV). We find that, compared with single-agent search, the search...
Persistent link: https://www.econbiz.de/10013099709