| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29008 |
| 来源ID | Working Paper 29008 |
| Collective Progress: Dynamics of Exit Waves | |
| Doruk Cetemen; Can Urgun; Leeat Yariv | |
| 发表日期 | 2021-07-12 |
| 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 | Microeconomics ; Game Theory ; Economics of Information ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w29008 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586682 |
| 推荐引用方式 GB/T 7714 | Doruk Cetemen,Can Urgun,Leeat Yariv. Collective Progress: Dynamics of Exit Waves. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29008.pdf（489KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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