Journal of Economic Literature Vol. 39 No. 2 2001
Silver Signals: Twenty-Five Years of Screening and Signaling
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.
- DOI
- 10.1257/jel.39.2.432
- Volume
- 39
- Issue
- 2
- Pages
- 432-478
- Language
- en
- Sources
- openalex crossref