Game Theory 11 – chap22. Job-market signaling
Learn about the first application of signaling, job-market signaling by Michael Spence.
Learn about the first application of signaling, job-market signaling by Michael Spence.
Learn how to refine the various PBEs in a signaling game using forward induction.
Learn about independent private value auctions, the third application of a Bayesian game.
Learn about Akerlof’s lemon market, the first application of a Bayesian game. Learn when to trade lemons in equilibrium.