Jeitschko, Thomas D.; Normann, Hans-Theo - In: Journal of Economic Behavior & Organization 82 (2012) 1, pp. 39-55
We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...