Assuming that teachers are concerned with human capital formation and students - with ability signaling, in this paper …

A global signaling game is a sender-receiver game in which the sender is only imperfectly informed about the receiver …'s preferences. The paper considers an economically relevant class of signaling games that possess more than one Perfect Bayesian … equilibrium in the global signaling game is essentially unique. …

Some labor markets have recently developed formal signaling mechanisms, e.g. the signaling for interviews in the job … signaling mechanism is harmful for this environment. Though signals transmit previously unavailable information, they also … facilitate information asymmetry that leads to coordination failures. As a result, the introduction of a signaling mechanism …