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

We study signaling in dynamic contests with heterogeneous players. A privately-informed challenger faces a sequence of … strategic response of current rivals determines the extent and cost of signaling. When the challenger chooses the timing of the …

— signaling and attaining benefits that allow for better future performance (i.e., the real benefits explanation). Prior studies … cannot provide evidence of signaling because they do not control for the real benefits explanation. Our research design … enables us to control for the real benefits explanation because we can identify potential signaling firms within the sample of …

We study how signaling affects equilibrium outcomes and welfare in markets with adverse selection. Using data from an … risk. Comparing a market with and without signaling relative to the benchmark case with no asymmetric information, we find … that adverse selection destroys as much as 16% of total surplus, up to 95% of which can be restored with signaling. We also …

This paper investigates the effect of corporate risk management on dividend policy. We extend the signaling framework …

We develop a signaling model of final offer arbitration (FOA) in which the informed party makes the final settlement …