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Signaling and Discrimination in Collaborative Projects

Onuchic, Paula; Ray, Debraj - National Bureau of Economic Research - 2021

based on the intrinsic value of their projects, but also on signaling payoffs, which depend on the public's assessment of …

Persistent link: https://www.econbiz.de/10012585423

Bayesian Persuasion

Kamenica, Emir - 2009

When is it possible for one person to persuade another to change her action? We take a mechanism design approach to this question. Taking preferences and initial beliefs as given, we introduce the notion of a persuasion mechanism: a game between Sender and Receiver defined by an information...

Persistent link: https://www.econbiz.de/10012463109

Optimal Money Burning : Theory and Application to Corporate Dividend Policy

Bernheim, B. Douglas - 1996

We explore signaling behavior in settings with a discriminating signal and several costly nondiscriminating ( money … dividend signaling. The central testable implication of the model is verified empirically …

Persistent link: https://www.econbiz.de/10012473160

Signalling, Incumbency Advantage, and Optimal Reelection Thresholds

Caselli, Francesco - 2012

Much literature on political behavior treats politicians as motivated by reelection, choosing actions to signal their types to voters. We identify two novel implications of models in which signalling incentives are important. First, because incumbents only care about clearing a reelection...

Persistent link: https://www.econbiz.de/10012460825

Industrial Groupings and Strategic FDI : Theory and Evidence

Blonigen, Bruce A. - 2000

We show that industrial ownership structures, such as keiretsu groupings in Japan, may significantly impact firms' incentives to engage in FDI. While the previous literature has mainly focused on the cost of capital advantages enjoyed by keiretsu firms, this paper examines two relatively...

Persistent link: https://www.econbiz.de/10012470685

Bequests as Signals : An Explanation for the Equal Division Puzzle

Bernheim, B. Douglas - 2000

In the United States, more than two-thirds of decedents with multichild families divide their estates exactly equally among their children. In contrast, intra vivos gifts are usually unequal. These findings challenge the validity of existing theories regarding the determination of...

Persistent link: https://www.econbiz.de/10012470959

Persuading with Anecdotes

Haghtalab, Nika; Immorlica, Nicole; Lucier, Brendan; … - National Bureau of Economic Research - 2021

We study a model of social learning and communication using hard anecdotal evidence. There are two Bayesian agents (a sender and a receiver) who wish to communicate. The receiver must take an action whose payoff depends on their personal preferences and an unknown state of the world. The sender...

Persistent link: https://www.econbiz.de/10012510540

Signaling in Online Credit Markets

Kawai, Kei; Onishi, Ken; Uetake, Kosuke - National Bureau of Economic Research - 2021

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 …

Persistent link: https://www.econbiz.de/10012629488

A signal to end child marriage : theory and experimental evidence from Bangladesh

Buchmann, Nina; Field, Erica Marie; Glennerster, Rachel; … - National Bureau of Economic Research - 2021

signaling model in which bride type is imperfectly observed but preferred types have lower returns to delaying marriage. We show …

Persistent link: https://www.econbiz.de/10012599342

Discrete Devaluation as a Signal to Price Setters

Katseli, Louka T. - 1984

The central hypothesis of this paper is that both the extent and speed of adjustment of the real exchange rate is affected by the way the central bank manages the nominal exchange rate. Specifically, a large discrete adjustment of the nominal exchange rate is more likely to result in fast...

Persistent link: https://www.econbiz.de/10012477557

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