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We develop the real option signaling games models of equity financing of a risky project under asymmetric information …
Persistent link: https://www.econbiz.de/10012917737
We analyze the real option signaling game models of debt financing of a risky project under information asymmetry …
Persistent link: https://www.econbiz.de/10012848015
lack of commitment for repayment leads to a novel signaling motive for the issuance of sovereign debt. If the government is …
Persistent link: https://www.econbiz.de/10014158351
We consider the case of an upstream seller who works to improve an asset that has been specialized to a downstream buyer's needs. The buyer then makes a take it or leave it offer to the seller about how the future surplus should be split. We assume that the seller from the outset has private...
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We investigate whether incentive schemes signal social norms and thus affect behavior beyond their direct economic consequences. A principal-agent experiment is studied in which prior to contract choice principals are informed about past actions of other agents and thus have more information...
Persistent link: https://www.econbiz.de/10009765609
Costly signaling is a mechanism through which the honesty of signals can be secured in equilibrium, even in … interactions where communicators have conflicting interests. This paper explores the dynamics of one such signaling game: Spence …
Persistent link: https://www.econbiz.de/10009754763
This series of discussions presents commentaries and a rejoinder on the economic perspectives on branding arising from Moorthy (Moorthy S. (2012) Can brand extension signal product quality? Marketing Sci. 31(5):756-770)
Persistent link: https://www.econbiz.de/10009724867