Paths to the Frontier

B-Tier
Journal: American Economic Journal: Microeconomics
Year: 2022
Volume: 14
Issue: 1
Pages: 39-69

Authors (2)

Avidit Acharya (not in RePEc) Juan Ortner (Boston University)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We construct a model of collective search in which players gradually approach the Pareto frontier. The players have imperfect control over which improvements to the status quo will be considered. Inefficiency takes place due to the difficulty in finding improvements acceptable to both parties. The process is path dependent, with early agreements determining long-run outcomes. It may also be cyclical, as players alternate between being more and less accommodating.

Technical Details

RePEc Handle
repec:aea:aejmic:v:14:y:2022:i:1:p:39-69
Journal Field
General
Author Count
2
Added to Database
2026-01-26