THE MEETING PLACE PROBLEM - SALIENCE AND SEARCH

Authors
Citation
S. Grant et J. Quiggin, THE MEETING PLACE PROBLEM - SALIENCE AND SEARCH, Journal of economic behavior & organization, 33(2), 1998, pp. 271-283
Citations number
11
Categorie Soggetti
Economics
ISSN journal
01672681
Volume
33
Issue
2
Year of publication
1998
Pages
271 - 283
Database
ISI
SICI code
0167-2681(1998)33:2<271:TMPP-S>2.0.ZU;2-S
Abstract
The notion of salience was developed by Schelling in the context of th e meeting-place problem of locating a partner in the absence of a pre- agreed meeting place. In this paper, we argue that a realistic specifi cation of the meeting place problem involves allowing a strategy of ac tive search over a range of possible meeting places. We solve this ext ended problem, allowing for extensions such as repeated play, search c osts and asymmetric payoffs. The result is a considerably richer, but more complex, notion of salience. (C) 1998 Elsevier Science B.V.