Showing 421 - 430 of 5,982
This article studies whether people want to control which information on their own past pro-social behavior is revealed …
Persistent link: https://www.econbiz.de/10011966892
Spence (1973) model of job market signaling, firms have access to direct but imperfect information about worker types, in …We study competitive equilibrium in a signaling economy with heterogeneously informed buyers. In terms of the classic … addition to observing their education. Firms can be ranked according to the quality of their information, i.e. their expertise …
Persistent link: https://www.econbiz.de/10011721703
Contrary to the central prediction of signaling models, changes in profits do not empirically follow changes in … that payout policy conveys information about future cash flow volatility. Our methodology can be applied more generally to …
Persistent link: https://www.econbiz.de/10011754236
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is … biases generate prior-dependent information preferences, such that agents may avoid information when being unconfident but … are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …
Persistent link: https://www.econbiz.de/10011557745
often condition the decision of whether to share a piece of information on the similarity between the signal and the prior … exclusively take into account information that is right in front of them, and directly use the sample mean to estimate the …
Persistent link: https://www.econbiz.de/10012171711
's information on the first movers lying behavior. This allows us to derive predictions on the second mover's behavior which we test …
Persistent link: https://www.econbiz.de/10011933920
In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper we give an explanation for this institutional setting. For incomplete procurement contracts we show that such a separation may increase efficiency. We show that efficiency can be...
Persistent link: https://www.econbiz.de/10009781579
introduce and determine a rational signaling equilibrium which adds two domination-based conditions to the belief structure of a …
Persistent link: https://www.econbiz.de/10012818503
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/10012305849
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/10013358791