Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7242681 | Journal of Economic Behavior & Organization | 2018 | 28 Pages |
Abstract
In this paper we investigate the consequences of introducing a cost to observe the signal in an otherwise standard signaling game. Beyond identifying equilibria, which we contrast with those of a standard signaling game, we study their robustness to two important classes of refinements: acting through restrictions on out-of-equilibrium beliefs and through trembles. Our results suggest that more prominence should be given to the pooling outcome on the minimum signal.
Related Topics
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Economics and Econometrics
Authors
Ennio Bilancini, Leonardo Boncinelli,