. It is shownthat more competition makes the equilibrium signaling more informative when thelevel of competition is … moderate. Moreover, the equilibrium signaling can perfectlyreveal the ability under a certain level of competition. On the … ability. Then, as a signaling, each candidatedecides whether to perform a task whose performance statistically re‡ects the …

intoaccount not only the test performances but also signaling element of the test. Weanalyze the selection procedure as a … signaling game and derive the optimal selectionrule. Moreover, the optimal size of candidate pool and the selection e¢ ciency …

This paper develops a signalling game in which the decision to raise public equityis a real option of the …rm. Firms … shares.The model provides a tractable approach for solving signalling games in a real optionsframework and predicts both IPO …

aufweisen, die einer raschen Marktpenetration entgegenstehen.Die Einführung von IPTV stellt die Regulierung der betroffenen …