Consider a signaling model in which the first player may be one of two types. What determines

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Consider a signaling model in which the first player may be one of two types. What determines the other player's beliefs about the first player's type before observing the first-player's signal? After observing the first player's signal, what beliefs must the second player have about the first player's type in a separating equilibrium? What beliefs must the second player have in a pooling equilibrium?
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Intermediate Microeconomics and Its Application

ISBN: 978-1133189039

12th edition

Authors: Walter Nicholson, Christopher M. Snyder

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