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In, Younghwan; Wright, Julian - 2021

For a number of applications of signaling, it is sometimes more reasonable to assume that senders rather than nature … identify a general class of such endogenous signaling problems. We provide a relatively straightforward method to characterize … the reasonable equilibria for these problems. A simple class of monotone endogenous signaling games is characterized to …

Persistent link: https://www.econbiz.de/10013239494

Liquidity and Private Information in Asset Markets : To Signal or Not to Signal

Wang, Zijian - 2021

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

Costly Voluntary Disclosure in a Signaling Game

Pecorino, Paul - 2016

information in a signaling game. Under the theory, 100% of plaintiffs with a weak case are predicted to remain silent, while 100 …

Persistent link: https://www.econbiz.de/10012986925

Sequential Screening with Type-Enhancing Investment

Liu, Bin - 2020

Due to the well-known efficiency--rent extraction trade-off, the optimal mechanism in a pure screening environment (e.g., revenue maximization in auctions or cost minimization in procurement) typically calls for distortions in allocative efficiency when agents possess private information at the...

Persistent link: https://www.econbiz.de/10012849777

Screening with Network Externalities

Shi, Fanqi - 2020

Network externality is a prominent feature of increasingly many products: the marginal payoff of one's consumption increases as his neighbors consume more. In- formation of network structure is important to the seller, but is often privately known to the buyers. We model a monopoly's optimal...

Persistent link: https://www.econbiz.de/10012850877

Signaling with Private Monitoring

Cisternas, Gonzalo - 2020

We study dynamic signaling when the informed party does not observe the signals generated by her actions. A long … signaling that arises when beliefs are public. Applications to models of leadership, reputation, and trading are examined …

Persistent link: https://www.econbiz.de/10012826845

Self-Reported Actions, Signaling, and Auditing

Jungbauer, Thomas - 2020

characteristic of the sender. This result stands in stark contrast to a scenario in which no signaling is involved. We fully describe …

Persistent link: https://www.econbiz.de/10012831981

Signaling in Competitive Search Equilibrium : Illiquidity vs. Partial Retention

Wang, Zijian - 2020

This paper develops a simple competitive search model to study illiquidity and partial retention of assets as signals of asset quality in markets with private information. I find that both signals are used in equilibrium. However, for sellers with high-quality assets, illiquidity is preferred...

Persistent link: https://www.econbiz.de/10012835314

Economics of Bankruptcy Exemption : Signaling Value of Collateral, Cost of Credit and Access to Credit

Arca, Pasqualina - 2019

– according to personal bankruptcy US State laws prior to 2005 federal reform – in order to identify the signaling role played by …

Persistent link: https://www.econbiz.de/10012862259

Discovery and Disclosure in a Signaling Model of Final Offer Arbitration

Farmer, Amy - 2019

We develop a signaling model of final offer arbitration (FOA) in which the informed party makes the final settlement … disclosure and costly discovery. In standard litigation models, costly disclosures may occur in the signaling game, but costly …

Persistent link: https://www.econbiz.de/10012868080