In signaling environments ranging from consumption to education, high quality senders often shun the standard signals …

youngsters about social norms. We show that this signaling role provides sufficient incentives to sustain costly punishing …-based mechanisms are fragile, since punishment is a more compelling signaling device (in a sense that we make precise). …

In games with costly signaling, some equilibria are vulnerable to deviations which could be "unambiguously" interpreted … in two classes of games. First, in mono-tonic signaling games, only the Riley outcome is immune to this sort of deviation … class of games. Second, we examine a version of Crawford and Sobel's (1982) model with costly signaling, where standard …

This paper analyzes the signaling effect of bidding in a two-round elimination contest. Before the final round, bids in … final round. I analyze this signaling effect and characterize the equilibrium in this game. Compared to the benchmark model …, in which private valuations are revealed automatically before the final round and thus no signaling of bids takes place …

. Extending Morris and Shin (2006), we consider that the IMF's intervention policy usually exerts a signaling effect on private …'s signaling ability, our results state that repeated intervention is required to bail out a country, where by additional … assistance may induce moral hazard on the debtor side. Contrarily, if the IMF exerts a strong signaling effect, one single …

This paper studies signaling games under weak conditions, generalizing existing results, and finding new continuity and …

information, have to rely on the observed behavior of their adult parent to infer the norm. We show that this causes a signaling … distortion in adult behavior. Compared to the benchmark case of no signaling, parents have a higher propensity to adopt attitudes … of interest between sender and receiver in standard signaling games. The norm-signaling bias is self-reinforcing and …