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- Spence, Michael, 1974. "Competitive and optimal responses to signals: An analysis of efficiency and distribution," Journal of Economic Theory, Elsevier, vol. 7(3), pages 296-332, March.
- Michael Spence, 1976. "Competition in Salaries, Credentials, and Signaling Prerequisites for Jobs," The Quarterly Journal of Economics, Oxford University Press, vol. 90(1), pages 51-74.
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