signaling subgame. Thus, in addition to its direct effect on the receiver's information, a test has an indirect effect through … grade inflation and information coarsening. …

We study settings in which, prior to playing an incomplete information game, players observe many draws of private … signals about the state from some information structure. Signals are i.i.d. across draws, but may display arbitrary … correlation across players. For each information structure, we define a simple learning efficiency index, which only considers the …

We investigate the role of information feedback in rent-seeking games with two different contest structures. In the … deterministic contest she receives a share of the rent equal to her share of rent-seeking expenditures. Information feedback has …