Silver Signals: Twenty-Five Years of Screening and Signaling

• Autores: John G. Riley
• Localización: Journal of economic literature, ISSN 0022-0515, Vol. 39, Nº 2, 2001, págs. 432-478
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The theory of market signaling and screening is a cornerstone of the new economics of information. The last two and a half decades have not only witnessed a series of remarkable theoretical developments but also a wide range of applications. This essay examines the key theoretical issues and explores their use in three major fields: industrial organization, labor, and finance. Considerable emphasis is placed on attempts to test the theory in each of these fields.