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An agent searches sequentially for advice from multiple experts concerning the payoff of taking an operation. After incurring a positive search cost, the agent can consult an expert, whose interest is partially aligned with him. There are infinitely many experts, each has access to an...
Persistent link: https://www.econbiz.de/10012215298
An agent searches sequentially for advice from multiple experts concerning the payoff of taking an operation. After incurring a positive search cost, the agent can consult an expert whose interest is partially aligned with him. There are infinitely many experts, each has access to an identically...
Persistent link: https://www.econbiz.de/10012637358