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SIGNALING UNDER DOUBLE-CROSSING PREFERENCES
by
Chen, Chia-Hui
, Suen, Wing
, Ishida, Junichiro
in
Action
/ Apathy
/ countersignaling
/ Equilibrium
/ Existential constructions
/ global incentive compatibility
/ local incentive compatibility
/ pairwise‐pooling
/ Signaling
/ Single‐crossing property
2022
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SIGNALING UNDER DOUBLE-CROSSING PREFERENCES
by
Chen, Chia-Hui
, Suen, Wing
, Ishida, Junichiro
in
Action
/ Apathy
/ countersignaling
/ Equilibrium
/ Existential constructions
/ global incentive compatibility
/ local incentive compatibility
/ pairwise‐pooling
/ Signaling
/ Single‐crossing property
2022
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Do you wish to request the book?
SIGNALING UNDER DOUBLE-CROSSING PREFERENCES
by
Chen, Chia-Hui
, Suen, Wing
, Ishida, Junichiro
in
Action
/ Apathy
/ countersignaling
/ Equilibrium
/ Existential constructions
/ global incentive compatibility
/ local incentive compatibility
/ pairwise‐pooling
/ Signaling
/ Single‐crossing property
2022
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Journal Article
SIGNALING UNDER DOUBLE-CROSSING PREFERENCES
2022
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Overview
This paper provides a general analysis of signaling under double-crossing preferences with a continuum of types. There are natural economic environments where the indifference curves of two types cross twice, such that the celebrated single-crossing property fails to hold. Equilibrium exhibits a threshold type below which types choose actions that are fully revealing and above which they pool in a pairwise fashion, with a gap separating the actions chosen by these two sets of types. The resulting signaling action is quasi-concave in type. We also provide an algorithm to establish equilibrium existence by construction.
Publisher
Wiley,Blackwell Publishing Ltd
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