Silver Signals: Twenty-Five Years of Screening and Signaling

2001/06/01 by John G Riley, John G. Riley · 15 citations
Decision Sciences · Economics, Econometrics and Finance · #Game Theory and Applications #Auction Theory and Applications #Complex Systems and Time Series Analysis

paper · doi:10.1257/jel.39.2.432

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.

Citations

• Reputation and imperfect information
• On the Strategic Stability of Equilibria

Cited by

• Legitimation Strategies as Valuable Signals in Nonfinancial Reporting? Effects on Investor Decision-Making
• Education, dynamic signalling, and social distance
• Adverse Selection with Quality Variance: A Maximum-Entropy Approach
• The role of corporate sustainability performance for economic performance: A firm-level analysis of moderation effects
• How Do Strikes and Lockouts Affect Applications to Danish Public Service Professional Education Programs? A Synthetic Control Analysis
• Adverse Selection in Reverse Auctions for Ecosystem Services
• Signaling Theory: A Review and Assessment
• Signaling Theory: State of the Theory and Its Future
• Return Time Leniency in Online Retail: A Signaling Theory Perspective on Buying Outcomes
• Communicating identity: how the symbolic meaning of goods creates different market types
• Information asymmetry [wikipedia]
• Honest signalling with costly gambles. [europepmc]
• Perfect Information vs Random Investigation: Safety Guidelines for a Consumer in the Jungle of Product Differentiation. [europepmc]
• Information Frictions in Real Estate Markets: Recent Evidence and Issues. [europepmc]
• Does Good Human Resource Management Reduce the Cost of Financing During a Crisis? [europepmc]

Related

• Signaling Theory: State of the Theory and Its Future
• Signaling Theory: A Review and Assessment
• Signaling Theory in Entrepreneurship Research: A Systematic Review and Research Agenda
• Job Market Signaling
• Information Cascades: Evidence from a Field Experiment with Financial Market Professionals