Showing 1 - 10 of 323
We incorporate a search-theoretic model of imperfect competition into an otherwise standard model of asymmetric information with unrestricted contracts. We develop a methodology that allows for a sharp analytical characterization of the unique equilibrium, and then use this characterization to...
Persistent link: https://www.econbiz.de/10012456838
asymmetry of information about the donor's income leads very naturally to a signaling game. A donor who cares about the … information regarding the donor's income generates a signaling game in the presence of two-sided altruism. These signaling games …
Persistent link: https://www.econbiz.de/10012457358
the market in a way that makes signaling credible. Using our institutional knowledge, we also identify the specific signal …
Persistent link: https://www.econbiz.de/10012463772
Many authors argue that asymmetric information between the Federal Reserve and the public is important to the conduct and the effects of monetary policy. This paper tests for the existence of such asymmetric information by examining Federal Reserve and commercial inflation forecasts. We...
Persistent link: https://www.econbiz.de/10012473150
and 30% to education signaling workers' ability …
Persistent link: https://www.econbiz.de/10012479834
We study how signaling affects equilibrium outcomes and welfare in an online credit market using detailed data on loan … through the reserve interest rate. Comparing a market with and without signaling relative to the benchmark with no asymmetric … signaling. We also estimate backward-bending supply curves for some markets, consistent with the prediction of Stiglitz & Weiss …
Persistent link: https://www.econbiz.de/10012629488
obtain higher prices by delaying trade. This paper provides some of the first evidence of a signaling mechanism through trade …
Persistent link: https://www.econbiz.de/10012453533
We study competitive equilibrium in a signaling economy with heterogeneously informed buyers. In terms of the classic … Spence (1973) model of job market signaling, firms have access to direct but imperfect information about worker types, in …. In equilibrium, some high type workers forgo signaling and are hired by better informed firms, who make positive profits …
Persistent link: https://www.econbiz.de/10012453894
We study a model of social learning and communication using hard anecdotal evidence. There are two Bayesian agents (a sender and a receiver) who wish to communicate. The receiver must take an action whose payoff depends on their personal preferences and an unknown state of the world. The sender...
Persistent link: https://www.econbiz.de/10012510540
variables, such as their marginal costs, and can use prices to signal information to rivals. In a dynamic game, signaling can …
Persistent link: https://www.econbiz.de/10012496143