Silver Signals: Twenty-Five Years of Screening and Signaling
回顾了市场信号与筛选理论过去二十五年的理论发展和应用,重点考察了在产业组织、劳动和金融三个领域的实证检验尝试。
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.