reduces the incentives to exert effort in R&D activities. Then, drawing on the signaling role of patents highlighted by the …

strategically distorted information. This ambiguity about the type of spy gives rise to a non-standard signaling problem where both … sender and receiver of messages have private information and the sender has a chance to make an unobserved move. Whereas …

goods games that were based on only signaling information (i.e., about the quality of the public good or the return to … which increases his unit cost of contribution. The leader has private information about his type and his cost of … contributing to the public good. The model combines a follower's concern for fairness and informational signaling about …

contracts, mitigating information frictions in international trade. There is little evidence for the relaxation of financial …

motive versus the signaling motive, we consider a gift-exchange game with three players: an employer pays wages to a worker … worker's information on wages. We find that, if only the coworker's wage is observable, the worker's effort increases in the …. We interpret this as support for the signaling motive: Indirect reciprocity is rather a byproduct of direct reciprocity …

This paper studies equilibrium unemployment in a two-region economy with matching frictions, where workers and jobs are …. Search-matching externalities are amplified by the latter possibility and by the fact that some workers can simultaneously … receive a job offer from each region. The rest of the framework builds upon Moretti (2011). Increasing the matching …

When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to … reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the …