کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7359167 1478730 2018 32 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Whether or not to open Pandora's box
ترجمه فارسی عنوان
آیا جعبه پاندورا را باز کنید یا نه
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
I study a single-agent sequential search problem as in Weitzman (1979). Contrary to Weitzman, conditional on stopping, the agent may take any uninspected box without first inspecting its contents. This introduces a new trade-off. By taking a box without inspection, the agent saves on its inspection costs. However, by inspecting it, he may discover that its contents are lower than he anticipated. I identify sufficient conditions on the parameters of the environment under which I characterize the optimal policy. Both the order in which boxes are inspected and the stopping rule may differ from that in Weitzman's model. Moreover, I provide additional results that partially characterize the optimal policy when these conditions fail.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 175, May 2018, Pages 127-158
نویسندگان
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