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.
|Titolo:||Signaling with costly acquisition of signals|
|Data di pubblicazione:||2018|
|Appare nelle tipologie:||1.1 Articolo in rivista|