Search for an object with two attributes

A-Tier
Journal: Journal of Economic Theory
Year: 2016
Volume: 161
Issue: C
Pages: 145-160

Authors (2)

Olszewski, Wojciech (not in RePEc) Wolinsky, Asher (Northwestern University)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

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

Abstract

This paper presents and analyzes a simple equilibrium search model. On one side, there is a population of searchers; on the other side, a population of objects. Searchers are strategic decision makers who are there to get matched to an object, while objects have no preferences or decisions to make. The main novelty is that an object is characterized by two attributes, but a searcher can observe only one at the point of decision. This generates some interesting phenomena such as multiplicity of equilibria, in some of which the searcher's payoff is a discontinuous function of the observed attribute and the adoption decision is not everywhere monotonic in the observed attribute.

Technical Details

RePEc Handle
repec:eee:jetheo:v:161:y:2016:i:c:p:145-160
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29