We study how signaling affects equilibrium outcomes and welfare in an online credit market using detailed data on loan … through the reserve interest rate. Comparing a market with and without signaling relative to the benchmark with no asymmetric … signaling. We also estimate backward-bending supply curves for some markets, consistent with the prediction of Stiglitz & Weiss …

and 30% to education signaling workers' ability …

reputation may refrain from asking to avoid signaling low ability. Separately, low-ability individuals may feel inhibited even if … their ability is known and there is nothing to signal, an effect we term shame. Signaling and shame constitute an overall … is correlated with cognitive ability. The second arm allows us to assess the contributions of signaling and shame, and …

the market in a way that makes signaling credible. Using our institutional knowledge, we also identify the specific signal …

variables, such as their marginal costs, and can use prices to signal information to rivals. In a dynamic game, signaling can …

obtain higher prices by delaying trade. This paper provides some of the first evidence of a signaling mechanism through trade …

We study competitive equilibrium in a signaling economy with heterogeneously informed buyers. In terms of the classic … Spence (1973) model of job market signaling, firms have access to direct but imperfect information about worker types, in …. In equilibrium, some high type workers forgo signaling and are hired by better informed firms, who make positive profits …