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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 …
Persistent link: https://www.econbiz.de/10009248892
ability. Then, as a signaling, each candidatedecides whether to perform a task whose performance statistically re‡ects the … ability.However, since the cost of the performance is the same across all candidates, theperformance is a poor signaling … device. This paper analyzes a "signaling game withperformance" in which the standard single crossing condition is violated …
Persistent link: https://www.econbiz.de/10009248917
This paper develops a signalling game in which the decision to raise public equityis a real option of the …rm. Firms may use multiple signals to reveal their type:the timing of the IPO, the fraction of shares issued and the underpricing of shares.The model provides a tractable approach for...
Persistent link: https://www.econbiz.de/10005868838
In this paper we challenge basic results of signaling models. In our banking model each project of a borrower is …
Persistent link: https://www.econbiz.de/10010300605
This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their …
Persistent link: https://www.econbiz.de/10010268897
targeting as signaling devices and evaluate their relative merits with respect to welfare when central banks may have superior … targeting as signaling devices and evaluate their relative merits with respect to welfare when central banks may have superior …
Persistent link: https://www.econbiz.de/10009476206
be accomplished by platforms of political parties. Therefore, we analyze a signaling game between a governmental party …
Persistent link: https://www.econbiz.de/10009476265
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