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 …

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 …

control moral hazard and a signaling device to minimize asymmetric information. Using a hand collected data on lockups in … effective in signaling firm quality, while full lockups more effective as a commitment device …

The signaling hypothesis suggests that firms have incentives to underprice their initial public offerings (IPOs) to … empirical evidence on the signaling hypothesis was weak, Francis et al. (2010) show that foreign firms from segmented (rather … players. Hence, the attractiveness of the signaling strategy seems to be related to the a priori level of information …