Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/173420 
Year of Publication: 
2017
Series/Report no.: 
Working Paper No. 262
Version Description: 
Revised version, December 2017
Publisher: 
University of Zurich, Department of Economics, Zurich
Abstract: 
With infinite horizon, optimal rules for sequential search from a known distribution feature a constant reservation value that is independent of whether recall of past options is possible. We extend this result to the the case when there are multiple distributions to choose from: it is optimal to sample from the same distribution in every period and to continue searching until a constant reservation value is reached.
Subjects: 
Optimal Search
Search Intensity
Infinite Horizon
Recall
JEL: 
D83
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
262.07 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.