Briefly explain what is “signaling” (from an economist’s view) and how it may reduce adverse selection.

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section30.5: Asymmetric Information
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Briefly explain what is “signaling” (from an economist’s view) and how it may reduce adverse selection.

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