We construct a model of collective search in which players gradually approach the Pareto frontier. The players have imperfect control over which improvements to the status quo will be considered. Inefficiency takes place due to the difficulty in finding improvements acceptable to both parties. The process is path dependent, with early agreements determining long-run outcomes. It may also be cyclical, as players alternate between being more and less accommodating. (JEL C73, C78, D83)

中文翻译：

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通往边境的道路

我们构建了一个集体搜索模型，其中参与者逐渐接近帕累托边界。玩家无法完全控制将考虑对现状进行哪些改进。由于难以找到双方都能接受的改进，因此效率低下。该过程取决于路径，早期协议决定长期结果。它也可能是周期性的，因为玩家在更多和更少的包容之间交替。(JEL C73, C78, D83)