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Silver Signals: Twenty-Five Years of Screening and Signaling

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  • John G. Riley

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.

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Bibliographic Info

Article provided by American Economic Association in its journal Journal of Economic Literature.

Volume (Year): 39 (2001)
Issue (Month): 2 (June)
Pages: 432-478

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Handle: RePEc:aea:jeclit:v:39:y:2001:i:2:p:432-478

Note: DOI: 10.1257/jel.39.2.432
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