The meeting place problem: Salience and search.
| Data(s) |
01/01/1998
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|---|---|
| Resumo |
The notion of salience was developed by Schelling in the context of the meeting-place problem of locating a partner in the absence of a pre-agreed meeting place. In this paper, we argue that a realistic specification of the meeting place problem involves allowing a strategy of active search over a range of possible meeting places. We solve this extended problem, allowing for extensions such as repeated play, search costs and asymmetric payoffs. The result is a considerably richer, but more complex, notion of salience. (C) 1998 Elsevier Science B.V. |
| Identificador | |
| Idioma(s) |
eng |
| Palavras-Chave | #Economics #Salience #Search #Cheap Talk #Coordination |
| Tipo |
Journal Article |