This paper considers competitive search equilibrium in a market for a good whose quality differs across sellers. Each … seller knows the quality of the good that he or she is offering for sale, but buyers cannot observe quality directly. We thus … unique equilibrium, which is separating. Higher-quality sellers post higher prices, so price signals quality. The arrival …

In this paper, we study the impact of disclosing information about school quality of private schools in Brazil on … on school quality. …

cheat on quality; and "the naive" fall victim to a projection bias that all sellers behave like the bad types. OLS, sample …

up. In this signaling game, proposing (or getting married) is costly but can indicate strong love. The striking property … sufficiently large, the signaling mechanism breaks down, and only a pooling equilibrium in which fewer couples get married remains …

's. The paper compares the predictions of the signaling and human capital models in response to an exogenous demand shock … hypotheses are derived. The findings suggest that the signaling model may indeed predict the observed changes in the schooling …

This paper presents a test of the educational signaling hypothesis. If employers use education as a signal in the …