A Note on Compound Search for Heterogenous Bidders

8 Pages Posted: 7 Nov 2022

See all articles by Daniel Zhiyun Li

Daniel Zhiyun Li

Durham University Business School

Hala Alqobali

King Abdulaziz University

Joosung Lee

University of Edinburgh

Abstract

This paper studies a seller’s compound search for heterogenous bidders. We specify the optimal search rule, characterize the cutoff values for optimal stopping, and discuss the connections between our results and those of classical sequential search models.

Keywords: compound search, heterogenous bidders, optimal search rule, cutoff values

Suggested Citation

Li, Daniel Zhiyun and Alqobali, Hala and Lee, Joosung, A Note on Compound Search for Heterogenous Bidders. Available at SSRN: https://ssrn.com/abstract=4269893 or http://dx.doi.org/10.2139/ssrn.4269893

Daniel Zhiyun Li (Contact Author)

Durham University Business School ( email )

Mill Hill Lane
Durham, DH1 3LB
United Kingdom

Hala Alqobali

King Abdulaziz University ( email )

P.O.Box 80200
Jeddah, 21589
Saudi Arabia

Joosung Lee

University of Edinburgh ( email )

Business School
29 Buccleuch Place
Edinburgh, Scotland EH8 9JS
United Kingdom

HOME PAGE: http://https://sites.google.com/site/joosungecon/

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