Search by committee

A-Tier
Journal: Journal of Economic Theory
Year: 2010
Volume: 145
Issue: 4
Pages: 1386-1407

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

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

Abstract

We consider the problem of sequential search when the decision to stop is made by a committee and show that a unique symmetric stationary equilibrium exists given a log concave distribution of rewards. We compare search by committee to the corresponding single-agent problem and show that committee members are less picky and more conservative than the single agent. We show how (i) increasing committee size holding the plurality fraction constant and (ii) increasing the plurality rule affect the equilibrium acceptance threshold and expected search duration. Finally, we show that unanimity is optimal if committee members are sufficiently patient.

Technical Details

RePEc Handle
repec:eee:jetheo:v:145:y:2010:i:4:p:1386-1407
Journal Field
Theory
Author Count
3
Added to Database
2026-01-24