The paper examines job market signaling equilibria in the presence of perturbations coming from policy reforms and unobserved individuals' cost functions. We show that when the single-crossing property is preserved, in the one-shot version of the game the basic Spence result of separation always...

The paper examines job market signaling equilibria in the presence of perturbations coming from policy reforms and unobserved individuals' cost functions. We show that when the single-crossing property is preserved, in the one-shot version of the game the basic Spence result of separation always...