Showing 1 - 2 of 2
's wealth extraction ability. We provide theory in which domestic capital exhibits a bifurcation point determining economic …
Persistent link: https://www.econbiz.de/10005677878
We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...
Persistent link: https://www.econbiz.de/10008509455