Pecuniary emulation and invidious distinction: Signaling under behavioral diversity

B-Tier
Journal: Games and Economic Behavior
Year: 2024
Volume: 147
Issue: C
Pages: 449-459

Authors (2)

Ishida, Junichiro (Osaka University) Suen, Wing (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We introduce behavioral diversity to an otherwise standard signaling model, in which a fraction of agents choose their signaling actions according to an exogenous distribution. These behavioral agents provide opportunities for strategic low-type agents to successfully emulate higher types in equilibrium, which in turn reduces the cost for strategic high-type agents to separate from lower types. Behavioral diversity thus improves the equilibrium payoffs to all types of strategic agents. The model also exhibits a convergence property, which is intuitively more appealing than the least-cost separating equilibrium of the standard setting.

Technical Details

RePEc Handle
repec:eee:gamebe:v:147:y:2024:i:c:p:449-459
Journal Field
Theory
Author Count
2
Added to Database
2026-02-02