Simultaneous Search

Hector Chade and Lones Smith ()

Econometrica, 2006, vol. 74, issue 5, pages 1293-1307

Abstract: We introduce and solve a new class of "downward-recursive" static portfolio choice problems. An individual simultaneously chooses among ranked stochastic options, and each choice is costly. In the motivational application, just one may be exercised from those that succeed. This often emerges in practice, such as when a student applies to many colleges or when a firm simultaneously tries several technologies. Copyright The Econometric Society 2006.

Date: 2006
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Related works:
Working Paper: simultaneous search (2004)
Working Paper: Simultaneous Search (2006)
Working Paper: Simultaneous Search (2005)
Working Paper: Simultaneous Search (2004)
Working Paper: Simultaneous Search
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