Screening is a method used by an uninformed party to induce other parties with private information to act in a way that reveals this information. This concept is pivotal in situations with asymmetric information.
An in-depth exploration of signalling, where actions are taken not for their direct results but to convey information to others, particularly in economics, labor markets, and finance. Understand the historical context, mechanisms, types, key events, models, and practical applications of signalling.
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