Warianty tytułu
Języki publikacji
Abstrakty
The rise of the Internet has led to a huge amount of information being available at the touch of a button. This article presents a model of searching for a valuable good, e.g. a new flat, using the Internet to gain initial information about the offers available. This information is used to create a short list of offers to be observed more closely before making a final decision. Although there has been a lot of recent work on the use of short lists in decision making procedures, there has been very little work on how the length of a short list should depend on the parameters of the search problem. This article addresses this problem and gives results on the optimal length of a short list when a searcher is to choose one of n offers and the search costs are convex in the length of the short list. Several examples are considered. (original abstract)
Rocznik
Tom
Strony
75--92
Opis fizyczny
Twórcy
autor
- Wroclaw University of Technology, Poland
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171582102