テクニカルレポート

ディスカッション／ワーキング・ペーパー

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Discussion Papers In Economics And Business. 2012, 11-06-Rev.

An Experimental Test of a Committee Search Model

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

text

2012-09

http://www2.econ.osaka-u.ac.jp/library/global/dp/1106R.pdf

* Revised: An Experimental Test of a Collective Search Model [11-06, 2011]

The objective of this paper is to design a laboratory experiment for an in nite-horizonsequential committee search model in order to test some of the implications obtained by themodel in Albrecht, Anderson, and Vroman (2010) (AAV). We nd that, compared with single-agent search, the search duration is longer for committee search under the unanimity rule, butis shorter for committee search in which at least one vote is required to stop searching. Inaddition, according to estimates from round-based search decisions, subjects are more likelyto vote to stop searching in committee search than in single-agent search. This con rms thatagents are less picky in committee search. Overall, the experimental outcomes are consistentwith the implications suggested by the AAV model. However, despite the prediction from theAAV model, we could not obtain a signi cant outcome in relation to the size order of the probabilities of voting to stop searching in committee search for the various plurality votingrules.

13506

An Experimental Test of a Committee Search Model

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

2012-09

Discussion Papers In Economics And Business

11-06-Rev.

https://hdl.handle.net/11094/13506

http://www2.econ.osaka-u.ac.jp/library/global/dp/1106R.pdf