Actions and signals

A-Tier
Journal: Journal of Economic Theory
Year: 2025
Volume: 230
Issue: C

Authors (2)

Jungbauer, Thomas (not in RePEc) Waldman, Michael (Cornell University)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

For many signaling applications, the real-world scenario fails to match the model setup. Actions are often unobservable but combine with the sender's type to determine an observable signal. Introducing a theory of generalized signaling, we show the nature of equilibria can fundamentally differ from the canonical signaling model. In fact, we find both over- and under-investment arise in important signaling environments. Our model extends to multiple actions and signal jamming environments with incomplete sender information. We present results for equilibrium construction and show that uninformed sender behavior may be more efficient than a fully informed sender's.

Technical Details

RePEc Handle
repec:eee:jetheo:v:230:y:2025:i:c:s0022053125001462
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29