Carmichael, Fiona - In: Journal of Institutional and Theoretical Economics (JITE) 158 (2002) 3, pp. 375-375
In this paper signals are observed by two receivers who have different preferences about the sender and therefore respond to information about himin different ways. This can result in a Catch-22 for the sender; if he sends a signal to induce a positive response from one receiver, this may induce...