Similar Search Results

Kurlat, Pablo D. - 2017

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/10012947651

Federal Reserve Private Information and the Behavior of Interest Rates

Romer, Christina; Romer, David - 2021

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/10013218719

Are Lemons Sold First? Dynamic Signaling in the Mortgage Market

Adelino, Manuel - 2019

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/10012900310

Two-Sided Altruism and Signaling

Génicot, Garance - 2015

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/10013020200

Screening and Adverse Selection in Frictional Markets

Lester, Benjamin - 2016

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/10013002265

Signaling and Employer Learning with Instruments

Aryal, Gaurab - 2019

and 30% to education signaling workers' ability.Institutional subscribers to the NBER working paper series, and residents …

Persistent link: https://www.econbiz.de/10012869536

Face Value : Information and Signaling in an Illegal Market

Logan, Trevon - 2010

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/10012757594

Choice Screen Auctions

Ostrovsky, Michael - 2022

Choice screen auctions have been recently deployed in 31 European countries, allowing consumers to choose their preferred search engine on Google's Android platform instead of being automatically defaulted to Google's own search engine. I show that a seemingly minor detail in the design of these...

Persistent link: https://www.econbiz.de/10014090768

Persuading with Anecdotes

Haghtalab, Nika; Immorlica, Nicole; Lucier, Brendan; … - 2022

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/10014243362

Inefficiently Low Screening with Walrasian Markets

Hachem, Kinda - 2014

Financial intermediaries devote resources to finding and screening borrowers before lending capital. By retaining only sufficiently good matches, informed lenders exacerbate adverse selection problems for others lending in the same market. Failure to internalize this implies that informed...

Persistent link: https://www.econbiz.de/10013049376