| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16341 |
| DP16341 Collective Progress: Dynamics of Exit Waves | |
| Doruk Cetemen; Can Urgun; Leeat Yariv | |
| 发表日期 | 2021-07-07 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We study a model of collective search by teams. Discoveries beget discoveries and correlated search results are governed by a Brownian path. Search results' variation at any point---the search scope---is jointly controlled. Agents individually choose when to cease search and implement their best discovery. We characterize equilibrium and optimal policies. Search scope is constant and independent of search outcomes as long as no member leaves. It declines after departures. A simple drawdown stopping boundary governs each agent’s search termination. We show the emergence of endogenous exit waves, whereby possibly heterogeneous agents cease search all at once. |
| 主题 | Industrial Organization ; Organizational Economics |
| 关键词 | Retrospective search Optimal stopping Collective action Exit waves |
| URL | https://cepr.org/publications/dp16341 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545305 |
| 推荐引用方式 GB/T 7714 | Doruk Cetemen,Can Urgun,Leeat Yariv. DP16341 Collective Progress: Dynamics of Exit Waves. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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