Does signalling solve the lemons problem?

被引:0
|
作者
Perri, Timothy [1 ]
机构
[1] Appalachian State Univ, Dept Econ, Boone, NC 28608 USA
关键词
Lemons; signalling; sorting; MARKET; GAMES;
D O I
10.1080/13504851.2015.1066484
中图分类号
F [经济];
学科分类号
02 ;
摘要
Maybe. Lemons and signalling models generally deal with different welfare problems, the former with withdrawal of high quality sellers, and the latter with socially wasteful signals. Absent signalling, with asymmetric information, high productivity workers may not be employed where they are valued the most. If one's productivity is known in alternative employment, signalling that overcomes the lemons problem will only occur if it increases welfare.
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页码:227 / 229
页数:3
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