A revision game of experimentation is examined in which players search for an unknown
threshold. Each player encounters individual random opportunities to revise her own action …

We consider games in which players search for a hidden prize, and they have asymmetric
information about the prize's location. We study the social payoff in equilibria of these …

This paper analyses a model of strategic exploration in which competing players
independently explore a set of alternatives. The model features a multiple-player multiple …

We examine dynamic search as a game in which two rivals explore (an island) for a hidden
prize of known value. In every period until its discovery, the players decide how much of the …

We provide a model of investment in innovation that is dynamic, features multiple
heterogeneous research projects of which only one potentially leads to success, and in each …

We present a simple model of research, in which it is possible to compare the cost of private
versus public research activity. The principal aim is to find conditions under which private …

This paper analyzes a model of strategic exploration in which competing players
independently explore a set of alternatives. The model features a multiple-player multiple …

There is both evidence and some literature on the fact that competing researchers tend to
duplicate their efforts when the social planner would prefer they diversify and work on …

A target is located at one of m given sites, with known probabilities. Each of a set of
searchers selects a site to search, and a fixed prize is shared by those who search the …

We analyze a dynamic game in which agents strategically search for a prize/reward of
known value when they cannot observe the search of others. In every period the rivals …