youngsters about social norms. We show that this signaling role provides sufficient incentives to sustain costly punishing …-based mechanisms are fragile, since punishment is a more compelling signaling device (in a sense that we make precise). …

determinant of the feasibility of such signaling. A firm may use price alone as a signal, or price and quality together. Both … signals tend to be used when the market is very uninformed, whereas price signaling alone tends to be used when the market is … low observable quality is always an indication that unobservable quality is high. -- Signaling ; quality …

, the focus is on empirical test of signaling theory. This theory says that the payment of dividends provides information … for investors and analysts. The aim of this study is preparing the evidence on dividend signaling about corporate … dividend and earning. It means that dividend has information content about return and earning and so, signaling theory was …

We study dynamic signaling in a game of stochastic stakes. Each period, a privately informed agent of binary type …