Abstract
The notion of salience was developed by Schelling in the context of the meeting-place problem of locating a partner in the absence of a pre-agreed meeting place. In this paper, we argue that a realistic specification of the meeting place problem involves allowing a strategy of active search over a range of possible meeting places. We solve this extended problem, allowing for extensions such as repeated play, search costs and asymmetric payoffs. The result is a considerably richer, but more complex, notion of salience.
Original language | English |
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Pages (from-to) | 271-283 |
Number of pages | 13 |
Journal | Journal of Economic Behavior and Organization |
Volume | 33 |
Issue number | 2 |
DOIs | |
Publication status | Published - Jan 1998 |