Hizen, Yoichi; Kawata, Keisuke; Sasaki, Masaru - Graduate School of Economics, Osaka University - 2011
This paper's objectives are to design laboratory experiments of finite and infinite sequen- tial collective search models and to test some implications obtained in the model of Albrecht, Anderson and Vroman (2010) (the AAV model). We find that, compared with single-agent search, the average...