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 …

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend … equilibria). In contrast to patents, subsidies to experimentation, research, or innovation cannot typically achieve this …

bodies and private firms. One little-explored empirical testing ground is the patent system. This paper examines the … administrative practices of patent offices in sixty countries over a 150-year period. I show that the usage of patent renewal fees … economies, and those where international trade is more important-incorporate discretionary features into their patent systems …

function of patent characteristics, university policy, and inventor fields in order to examine the extent to which outside …

adds to previous insights by studying the effects of firms' patenting activity on the degree of financing constraints on R … to financing constraints, but also do not seem to benefit from a patent quality signal …

-provided unless buyers are rewarded for it. Signaling theory implies that only high quality sellers would reward buyers for truthful … feedback. We explore this scope for signaling using Taobao's "reward-for-feedback" mechanism and find that items with rewards …

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 …