Introduction to Search Theory and Applications

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Abstract

This introduces the Symposium on Search Theory and Applications.

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      It is also applicable to economic search [2,27,30], in which the searcher is not necessarily constrained to finding the best-valued agent, but rather attempts to optimize a function that integrates both search costs and the value of the agent ultimately found. Search theory is an important research domain, flourishing in many disciplines, and best known perhaps for its applications to labor markets, marriage markets, monetary economics, and information theory [26,33,44]. By finding the lowest valued agent with a minimal search cost, increasing threshold search potentially achieves this goal, and in many settings can lead to a better overall performance than traditional economic search methods from the economic search point of view.

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    We thank the Cowles Foundation for Research in Economics and the Journal of Economic Theory for sponsoring the Symposium Conference at Yale University in September 2009.

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