This paper presents an experimental investigation of a financing-investment environment under asymmetric information. It examines the underpricing-signaling hypothesis. Importantly, the paper tests and compares this hypothesis under the two institutions for financing offers that are commonly...

This paper presents a first experimental investigation of the underpricing-signaling hypothesis in a financing-investment environment under asymmetric information. Importantly, the paper tests and compares this hypothesis under the two institutions for financing offers that are commonly observed...

We present results from laboratory experimental elections in which voter information is endogenously provided by candidates and voting is voluntary. We also compare advertisements that are costless to voters with those that reduce voter payoffs. We find that informative advertisements increase...