Showing 151 - 160 of 196,051
We study dynamic signaling in a game of stochastic stakes. Each period, a privately informed agent of binary type …
Persistent link: https://www.econbiz.de/10013273761
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 …
Persistent link: https://www.econbiz.de/10013292789
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 …
Persistent link: https://www.econbiz.de/10013033202
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 …
Persistent link: https://www.econbiz.de/10013036169
In this paper we examine whether publishing the information underlying the central bank's decisions is socially desirable. We show that opacity may lead to the same equilibrium as transparency. However, additional equilibria may emerge under opacity with adverse consequences for welfare....
Persistent link: https://www.econbiz.de/10013147417
This paper investigates the effect of corporate risk management on dividend policy. We extend the signaling framework …
Persistent link: https://www.econbiz.de/10013148283
This paper examines how multidimensional private information by asset sellers affects market equilibrium. I find that when asset quality is the only source of private information, sellers with high-quality assets signal their quality to buyers through partial retention of assets if and only if...
Persistent link: https://www.econbiz.de/10013246450
We develop a signaling model of final offer arbitration (FOA) in which the informed party makes the final settlement …
Persistent link: https://www.econbiz.de/10013246967
We conduct an experimental analysis of pretrial bargaining, while allowing for the costly voluntary disclosure of private information in a screening game. In this game, the theoretical prediction is that costly voluntary disclosures will not occur. This hinges on the prediction that the person...
Persistent link: https://www.econbiz.de/10013079903
In games with strategic complementarities, public information about the state of the world has a larger impact on equilibrium actions than private information of the same precision, because public signals are more informative about the likely behavior of others. We present an experiment in which...
Persistent link: https://www.econbiz.de/10013061301