Pal, Rupayan; Saha, Bibhas - eSocialSciences - 2008
the relevant information parameter critical for entry. The authors show that entry threat signicantly distorts the wage …, however, wage agreements can be made public, signalling occurs with or without distortions in the full information wages …. Pooling equilibrium in wage also exists. The paper also examines whether wage or price is the preferred signalling device, and …