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In this paper, we evaluate effects of signaling in a market in which there is asymmetric information between sellers and buyers. In such a market, only sellers know more about their products than buyers. Therefore buyers do not want to pay for the product more than the price for the average quality they expect in the market. Those buyers action make sellers(More)
In this paper, we show detailed simulation results to show signaling effects in a market with asymmetric information between sellers and buyers. In such a market, only sellers know more about their products than buyers. Therefore buyers do not want to pay for the product more than the price for the average quality they expect in the market. Those buyers(More)
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