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Simultaneous Search
Smith, Lones; Chade, Hector - Society for Economic Dynamics - SED - 2004
We introduce and solve a new class of static portfolio choice problems, where only the best realized alternative matters. A decision maker must simultaneously choose among independent ranked options, and the better alternatives have a lower chance of panning out. Each choice is costly, and just...
Persistent link: https://www.econbiz.de/10005051431
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Data breaches and identity theft
Roberds, William; Schreft, Stacey L. - 2008
This paper presents a monetary-theoretic model to study the implications of networks' collection of personal identifying data and data security on each other's incidence and costs of identity theft. To facilitate trade, agents join clubs (networks) that compile and secure data. Too much data...
Persistent link: https://www.econbiz.de/10010292313
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Credit and the no-surcharge rule
Monnet, Cyril; Roberds, William - 2006
A controversial aspect of payment cards has been the 'no-surcharge rule.' This rule, which is part of the contract between the card provider and a merchant, states that the merchant cannot charge a customer who pays by card more than a customer who pays by cash. In this paper we consider the...
Persistent link: https://www.econbiz.de/10010292352
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Bargaining, search, and outside options
Gantner, Anita - 2007
outside option, which is modeled as a sequential search process during which he can also choose to return to bargaining at any … time. Two cases considered: In Regime I, both agents have symmetric information about the search parameters. We find that …, delay is possible. The solution characterizes the parameters for renegotiation and those for search with no return to the …
Persistent link: https://www.econbiz.de/10010293421
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Bargaining or Searching for a Better Price? - An Experimental Study
Feri, Francesco; Gantner, Anita - 2010
option to buy via search or return to bargaining. Here many buyers choose a bargaining agreement when a search outcome is … predicted. For those who opt out, search outcomes are overall efficient and behavior is relatively close to the optimal search …
Persistent link: https://www.econbiz.de/10010294771
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Optimal Information Transmission in Organizations: Search and Congestion
Cabrales, Antonio; Arenas, Àlex; Díaz-Guilera, Albert; … - 2004
optimal. Keywords: Networks, information transmission, search, organization design. …
Persistent link: https://www.econbiz.de/10011324954
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Building Up Social Capital in a Changing World: A Network Approach
Vega-Redondo, Fernando - 2003
This paper models the dynamic process through which a large society may succeed in building up its "social capital" by establishing a stable and dense pattern of interaction among its members. In the model, agents interact according to a collection of infinitely repeated Prisoner's Dilemmas...
Persistent link: https://www.econbiz.de/10011325082
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Existence of Steady-State Equilibria in Matching Models with Search Frictions
Lauermann, Stephan; Nöldeke, Georg - 2014
We prove existence of steady-state equilibrium in a class of matching models with search frictions. …
Persistent link: https://www.econbiz.de/10011390707
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Biodiversity Prospecting Over Time and Under Uncertainty: A Theory of Sorts
Batabyal, Amit; Nijkamp, Peter - 2014
decide whether to search for a new wild organism with a certain quality or to produce the drug in question with an extant …
Persistent link: https://www.econbiz.de/10011400113
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Optimal Earnings-Related Unemployment Benefits
Taslimi, Mohammad - 2003
decrease as the level of earnings rises. The framework is a search equilibrium model where wages are determined by Nash … bargaining between firms and workers, job search intensity is endogenous and workers are heterogeneous. The analysis suggests …
Persistent link: https://www.econbiz.de/10010321580