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CANCELLED - Microeconomic Theory Workshop: Thomas Jungbauer

Tuesday, March 31, 2020 at 4:15pm to 5:45pm

Uris Hall, 498
Central Campus

Thomas Jungbauer - Cornell University - CANCELLED

Self-Reported Signaling (joint w/Michael Waldman)

Abstract:  In many real-world settings, an action that constitutes a signal is self-reported rather than publicly observed introducing possible misrepresentation.  We investigate how standard theoretical results change when the signal is self-reported.  Our main results are a reduction in overinvestment in the signal and a potential associated social welfare improvement.  An increase in the cost of auditing may improve social welfare for a similar reason.  We compare these results to a scenario in which no signaling is involved.  Finally, we apply our approach to common real-world practices including resume padding, lying in the college admissions process, and odometer fraud.

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Event Type

Class/ Workshop

Departments

Economics

Tags

EconMicro, economics, EconSeminar

Hashtag

#CornellEcon

Contact E-Mail

alg5@cornell.edu

Contact Name

Amy Moesch

Contact Phone

607-255-5617

Speaker

Thomas Jungbauer

Speaker Affiliation

Cornell University

Open To

Cornell Economics Community (List Serve Members)