and 30% to education signaling workers' ability …

A central result in the theory of adverse selection in asset markets is that informed sellers can signal quality and … obtain higher prices by delaying trade. This paper provides some of the first evidence of a signaling mechanism through trade …

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 …

This lecture outlines an asymmetric information theory of financial instability which describes the fundamental forces …