Optimal Search for the Best Alternative.

Weitzman, M. L. (1979). Optimal Search for the Best Alternative. Econometrica, 47(3), 641-654.

Type

Journal article

Intellectual base

Primary research

Year

1979

Volume

47

Issue

3

Pages

641-654

DOI

10.2307/1910412

DOI registrant

JSTOR

Link

https://doi.org/10.2307/1910412

Cited from

economics_finance

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Optimal Stopping Rule
  • In labour and search economics, house-hunting, job search, and Weitzman's Pandora's box are classical optimal-stopping problems.

    This sourceDerives the Pandora's-box reservation-value (reservation-price) rule governing when to keep searching versus stop and take the best alternative found.

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