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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). …
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We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer, and the presence and nature of spillovers to...
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strategically distorted information. This ambiguity about the type of spy gives rise to a non-standard signaling problem where both …
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motive versus the signaling motive, we consider a gift-exchange game with three players: an employer pays wages to a worker …. We interpret this as support for the signaling motive: Indirect reciprocity is rather a byproduct of direct reciprocity …
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