An analysis of duration in the multi-agent search problem with finite horizon

2015 Fiscal Year Final Research Report

• Project/Area Number: 26780116
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Economic theory
• Research Institution: Yokohama National University
• Principal Investigator: MUTO Nozomu 横浜国立大学, 国際社会科学研究院, 准教授 (40706222)
• Project Period (FY): 2014-04-01 – 2016-03-31
• Keywords: サーチ理論 / ゲーム理論 / 意思決定理論

Outline of Final Research Achievements

We considered a search problem in which multiple decision makers are involved, and a fixed deadline exists, and theoretically analyzed the search duration in this environment. Such a situation arises, for example, when a couple is searching for a new apartment before the contract of the present apartment expires, and they need a mutual agreement upon the decision. We showed that no matter how frequent the offers of apartments arrive, the search takes positive duration, and the expected duration is longer if the number of agents involved in the search is larger or the degree of conflict between agents' preferences is larger.

Free Research Field

ミクロ経済理論