Silver Signals: Twenty-Five Years of Screening and Signaling
- (pp. 432-478)
Abstract
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.Citation
Riley, John, G. 2001. "Silver Signals: Twenty-Five Years of Screening and Signaling." Journal of Economic Literature, 39 (2): 432-478. DOI: 10.1257/jel.39.2.432JEL Classification
- D82 Asymmetric and Private Information
- D44 Auctions
- C70 Game Theory and Bargaining Theory: General