Rational Multi-Agent Search

Andreas Blume, April Franco () and Paul Heidhues ()

No 776, 2006 Meeting Papers from Society for Economic Dynamics

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.

Keywords: Search; Decentralization; Symmetry (search for similar items in EconPapers)
JEL-codes: C72 C73 D23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth
Date: Written

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