In dynamic models of asset markets with asymmetric information and endogenous screening, the anticipation of signaling … positive relationship between screening effort and the delay of sale. We test this theoretical prediction using the mortgage … market as a laboratory, with processing time serving as a measure of screening effort. In line with the theory, mortgage …

Competition authorities increasingly rely on economic screening tools to identify markets where firms deviate from … competitive norms. Traditional screening methods assume that collusion occurs through secret agreements. However, recent research … propose a novel approach to screening for collusion in public corporate statements. Using natural language processing, we …

Competition authorities increasingly rely on economic screening tools to identify markets where firms deviate from … competitive norms. Traditional screening methods assume that collusion occurs through secret agreements. However, recent research … propose a novel approach to screening for collusion in public corporate statements. Using natural language processing, we …

Competition authorities increasingly rely on economic screening tools to identify markets where firms deviate from … competitive norms. Traditional screening methods assume that collusion occurs through secret agreements. However, recent research … propose a novel approach to screening for collusion in public corporate statements. Using natural language processing, we …

us to replicate the typical constraint-simplification results and thus to emulate the well-treaded steps of screening … are strictly monotone, unless we limit the "degree of concavity" of the principal's utility. Our discrete screening … approach facilitates the use of rationalizability to solve the screening problem. We introduce a rationalizability notion …