This paper studies how signaling can facilitate the functioning of a market with classical adverse selection problems. Using data from Prosper.com, an online credit market where loans are funded through auctions, we provide evidence that reserve interest rates that borrowers post can serve as a...

This paper models the dynamics of fundraising, campagin spending, and accumulation of war chest in the context of U.S. House elections. We structurally estimate the model using campaign finance data and vote share data from 1984 to 2004. A salient feature of U.S. Congressional Elections is that...