Grupp H "Evolution of a theory in economics: bibliometric assessment of search theory vis-a-vis game theory " Research Evaluation 12(3): 205-216, December 2003

[Eugene Garfield]

h.grupp at isi.fraunhofer.del   grupp at iww.uni-karlsruhe.de

Title: Evolution of a theory in economics: bibliometric assessment of
search theory vis-a-vis game theory

Author(s): Grupp H

Source: RESEARCH EVALUATION 12 (3): 205-216 DEC 2003

Document Type: Article
Language: English
Cited References: 55      Times Cited: 0

Abstract:
Search theory which originated from operations research was first
introduced into microeconomics in the 1960s. Typical applications are the
commodities' markets, investment fields or labour markets. Search theory
can replace the model of frictionless transactions between purchasers and
suppliers and the statement of equilibrium prices. The quest for trade
alternatives becomes a fundamental feature on markets if economic decisions
have to be made in a climate of uncertainty and without full information.
Despite this demand, search theory has not developed so dynamically as
comparable theories. This review article defines the potential of search
theory in economics, indicates its chronological development and sheds
light on some apathy towards search theory. The evaluation is based both on
qualitative and quantitative assessments using bibliometric data to measure
the research output in time series.

KeyWords Plus: CONSUMER SEARCH; INFORMATION; GROWTH; INVESTMENT; KNOWLEDGE;
MODEL; PRICE

Addresses: Grupp H (reprint author), Fraunhofer Inst Syst & Innovat Res,
ISI, Breslauer Str 48, Karlsruhe, D-76139 Germany
Fraunhofer Inst Syst & Innovat Res, ISI, Karlsruhe, D-76139 Germany
Karlsruhe Tech Univ, Econ Policy Res Inst, Karlsruhe, D-76128 Germany

E-mail Addresses: grupp at iww.uni-karlsruhe.de

Publisher: BEECH TREE PUBLISHING, 10 WATFORD CLOSE,, GUILDFORD GU1 2EP,
SURREY, ENGLAND
Subject Category: INFORMATION SCIENCE & LIBRARY SCIENCE
IDS Number: 779LY
ISSN: 0958-2029

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