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作者：Ashraf, Nava; Bandiera, Oriana
作者单位：University of London; London School Economics & Political Science; University of London; London School Economics & Political Science; University of London; London School Economics & Political Science
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作者：Daly, Mary C.; Hobijn, Bart
作者单位：Federal Reserve System - USA; Federal Reserve Bank - San Francisco; Arizona State University; Arizona State University-Tempe
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作者：Goldin, Jacob; Homonoff, Tatiana; Tucker-Ray, Will
作者单位：Stanford University; New York University
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作者：Hahn, Joyce K.; Hyatt, Henry R.; Janicki, Hubert P.; Tibbets, Stephen R.
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作者：Nunn, Nathan; de la Sierra, Raul Sanchez
作者单位：Harvard University; University of California System; University of California Berkeley
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作者：Yang, Crystal S.
作者单位：Harvard University
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作者：Yi, Moises; Mueller, Steffen; Stegmaier, Jens
作者单位：Leibniz Association; Leibniz Institut fur Wirtschaftsforschung Halle (IWH)
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作者：Dogan, Battal
作者单位：University of Lausanne
摘要：Echenique and Yenmez (2015), in Theorem 2, characterize choice rules that are generated by reserves for the priority. We show that the only if part is not correct. We exhibit a choice rule that is generated by reserves for the priority but violates one of their axioms. We reformulate the axiom and repair the result.
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作者：Carrasco, Jose A.; Smith, Lones
摘要：We extend search theory to multiple indivisible units and perfectly divisible assets, solving them respectively with induction and recursion. Buyer demands and prices are random, and the seller can partially exercise orders. With divisible assets, the Bellman value function is increasing and strictly concave, and the optimal reservation price falls in the position, reflecting increasing holding costs (opportunity cost of delaying optionality for inframarginal units). The marginal value exists,...
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作者：Agarwal, Nikhil
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
