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Entry in First-Price Auctions with Signaling

Bos, Olivier; Truyts, Tom - 2022

We study the optimal entry fee in a symmetric private value first-price auction with signaling, in which the … auction has a unique fully separating equilibrium bidding function. When the bidders’ sensibility for the signaling concern is …

Persistent link: https://www.econbiz.de/10014077334

Screening with Multitasking

Dinerstein, Michael; Opper, Isaac - 2022

What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...

Persistent link: https://www.econbiz.de/10014079145

Optimal Redistribution in the Presence of Signaling

Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2021

We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … unobserved by the government, but also by prospective employers. Signaling in both one and two dimensions is considered, where in … redistributing income and affecting signalling incentives is analyzed, as well as extended tax systems that combine income taxation …

Persistent link: https://www.econbiz.de/10013217555

Signaling and Employer Learning with Instruments

Aryal, Gaurab - 2020

and 30% to education signaling workers' ability …

Persistent link: https://www.econbiz.de/10012841583

Auctions with Signaling Concerns

Bos, Olivier; Truyts, Tom - 2021

We study a symmetric private value auction with signaling, in which the auction outcome is used by an outside observer … clock, affects signaling incentives differently in both auction formats, and thereby also the bidders’ incentives to overbid …

Persistent link: https://www.econbiz.de/10013315051

Who should pay for certification?

Stahl, Konrad O.; Strausz, Roland - 2011

-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …

Persistent link: https://www.econbiz.de/10010274805

Umbrella branding and the provision of quality

Hakenes, Hendrik; Peitz, Martin - 2004

Consider a two-product firm that decides on the quality of each product. Product quality is unknown to consumers. If the firm sells both products under the same brand name, consumers adjust their beliefs about quality subject to the performance of both products. We show that if the probability...

Persistent link: https://www.econbiz.de/10010261118

Donating time or money: Are they substitutes or complements?

Hartmann, Bastian; Werding, Martin - 2012

Decisions to donate time or money for charitable purposes are typically seen as make-or-buy decisions, implying that there should be a clear distinction between individuals engaging in one of these two forms of giving and that this distinction should be somehow linked to opportunity costs. But...

Persistent link: https://www.econbiz.de/10010283578

Private Information and Optimal Infant Industry Protection

Ravikumar, B.; Riezman, Raymond Glenn; Zhang, Yuzhe - 2022

We study infant industry protection using a dynamic model in which the industry’s cost is initially higher than that of foreign competitors. The industry can stochastically lower its cost via learning by doing. Whether the industry has transitioned to low cost is private information. We use a...

Persistent link: https://www.econbiz.de/10014082794

Advantageous Selection Without Moral Hazard (with an Application to Life Care Annuities)

De Donder, Philippe; Leroux, M.‐L; Salanié, François - 2022

Advantageous (or propitious) selection occurs when an increase in the premium of an insurance contract induces high-cost agents to quit, thereby reducing the average cost among remaining buyers. Hemenway (1990) and many subsequent contributions motivate its advent by differences in risk-aversion...

Persistent link: https://www.econbiz.de/10014083046