Simultaneous Search

Hector Chade and Lones Smith

Econometrica, 2006, vol. 74, issue 5, 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
References: Add references at CitEc
Citations: View citations in EconPapers (31)

Downloads: (external link)
http://hdl.handle.net/10.1111/j.1468-0262.2006.00705.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Simultaneous Search (2006)
Working Paper: Simultaneous Search (2005)
Working Paper: simultaneous search (2004)
Working Paper: Simultaneous Search (2004)
Working Paper: Simultaneous Search
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecm:emetrp:v:74:y:2006:i:5:p:1293-1307

Ordering information: This journal article can be ordered from
https://www.economet ... ordering-back-issues

Access Statistics for this article

Econometrica is currently edited by Guido Imbens

More articles in Econometrica from Econometric Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().