about one security is good news for all the securities held. The signaling equilibrium is shown to be unique subject to …

We study a large market with directed search and signaling. Each seller chooses an investment that determines the … selling sites. After observing sellers' choices of prices and sites, but not quality, buyers choose which price to search. The …-directing role and the signaling role of a posted price. We also compare the price-posting equilibrium with the equilibrium under …

portfolios to investors. We extend the signaling model for single sales of risky assets to portfolio sales. We identify … conditions under which signaling at the portfolio level dominates signaling at the single asset level. In particular, when banks …

This paper studies a signaling model in which a strategic player can manipulate the signaling cost. A seller chooses a … schools choosing tuition, retailers selling luxury goods and media companies selling advertising messages …

-provided unless buyers are rewarded for it. Signaling theory implies that only high quality sellers would reward buyers for truthful … feedback. We explore this scope for signaling using Taobao's "reward-for-feedback" mechanism and find that items with rewards …