What are the current trends and challenges in signaling and screening research and practice?
Signaling and screening are two key concepts in economics that help explain how agents communicate and select information in markets with asymmetric information. Asymmetric information occurs when one party has more or better information than another, creating potential problems of adverse selection and moral hazard. In this article, you will learn about the current trends and challenges in signaling and screening research and practice, and how they relate to various fields and applications.