When the information used by a principal to monitor an agent is private, and thus non-verifiable by a third party, the … information in order to collect a monetary penalty from him. Restoring credibility may lead to an extreme waste of resources … efficient outcome is feasible by exploiting the timing of private information. If the private information arrives before the …

that there is asymmetric information about charities' activities and their effectiveness, doing volunteer work may serve as … ; asymmetric information ; screening ; empirical evidence …

directed search model with asymmetric information about workers' types and incomplete contracts, which allows firms to …

seniors will not deliberately choose bad candidates if the only information asymmetry between the owner and the recruiter … information asymmetry between the owner and the senior employee regarding additional aspects of firm operations, however, moral …

Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank … competition is likely to suffer from the same type of information asymmetry which induced the private market failure and which …

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 …

' productivities. We characterize the trade-offs between signaling by workers and costly information acquisition by firms. Information …In Spence's (1973) signaling by education model and in many of its extensions, firms can only infer workers … workers have low productivity. Our analysis applies also to other signaling problems, e.g. the financial structure of firms …

show that herding behavior plays an important signaling role in reducing opportunity costs if the auction does not receive … and highlight the controversial effects of signaling mechanisms on adverse selection in crowdfunding markets. …

and 30% to education signaling workers' ability. …