We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With … degree of signaling depends on the prior type distribution. With deterministic signals both pooling and separating … configurations occur. Laboratory data support the theory: In the stochastic variant, there is more signaling behavior than with …

A coalitional matching is a two-sided matching problem in which agents on each side of the market may form coalitions …

exogenously fixed. We show that, by conveying information, endogenous policy re-introduces multiple equilibria. Multiplicity …

. -- Wage rigidity ; search and matching model ; business cycle …