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Rational Multi-Agent Search

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Author Info
Andreas Blume
April Franco () (Economics University of Iowa)
Paul Heidhues

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Abstract

We study games in which players search for an optimal action profile. All action profiles are either a success, with a payoff of one, or a failure, with a payoff of zero. Players do not know the location of success profiles; instead each player is privately informed about the marginal distribution of success profiles over his actions. We characterize optimal joint search strategies.

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File URL: http://repec.org/sed2006/up.27287.1140043904.pdf
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Publisher Info
Paper provided by Society for Economic Dynamics in its series 2006 Meeting Papers with number 776.

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Date of creation: 03 Dec 2006
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Handle: RePEc:red:sed006:776

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Related research
Keywords: Search Decentralization Symmetry

Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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This page was last updated on 2008-11-20.

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