In this paper we analyze games in which there is trade between informed and uninformed players. The informed know the value of the trade (for instance, the value of their productivity in a labor market example); the uninformed only know the distribution of attributes among the informed. The...

A heterogeneous expectations model is provided, where private agents facing policy ignorance have to learn about the underlying fundamentals via a signal extraction problem. The model is estimated on a U.S. data set using Bayesian approach. The empirical results imply that the improvement in...

In the decade following the 2008 financial crisis, many advanced industrialized economies engaged in a competition to attract Foreign Direct Investment (FDI), whose flows had plummeted following the global shock. At the same time, however, they also implemented or tightened Investment Screening...

A screening instrument is costly if it is socially wasteful and productive otherwise. A principal screens an agent with multidimensional private information and quasilinear preferences that are additively separable across two components: a one-dimensional productive component and a...

We hypothesised that people and companies non-anonymously donate to signal their intention to cooperate with observers; consequently, non-anonymous donation works as a coordination device between donors and observers. To test this, we conducted a laboratory experiment where a participant...

We consider the following ’truth serum’ mechanism problem: Two players observe signals drawn from a common prior on n x m. They are risk neutral, care only about mechanism payoffs, and will not provide information without incentives. A counterexample shows that one cannot construct a robust...

We model and analyze a futuristic intersection that serves only connected, autonomous and centrally managed vehicles. Under consideration are three control strategies that aim to minimize the total system delay by choosing an optimal trajectory for each vehicle. The first two abandon the concept...

Objective - The purpose of this study was to determine the effect of Online Relationship Marketing on customer loyalty which was examined from the perspective of signalling theory in the banking sector.Methodology/Technique - Signalling theory is used to identify the tendency of companies to...