We present a model of persuasive signalling, where a privately-informed sender selects from a class of signals with different precision to persuade a receiver to take one of two actions. The sender's information could be either favourable or unfavourable. The receiver observes both the sender's...

We analyze a psychologically-based model of voter turnout in an election with common value and uncertainty. Our model yields distinctive comparative statics results. First, an increase in the proportion of informed citizens may cause the winning margin for the right candidate to either rise or...

We study trade in dynamic decentralized markets with adverse selection. Differently from the literature on the topic so far, we assume that the informed sellers make the offers, so that signaling through prices is possible. We establish basic properties of equilibria, provide necessary and...