SIGNALLING

Signalling

In economics, more precisely in contract theory, signalling is the idea that one party credibly conveys some information about itself to another party . For example, in Michael Spence's job-market signalling model, employees send a signal about their ability level to the employer by acquiring certain education credentials. The informational value of the credential comes from the fact that the employer assumes it is positively correlated with having greater ability.

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signalling

Noun

  1. the use of signals in communications, especially the sending of signals in telecommunications
  2. the signals and associated equipment required for their operation.

Verb

signalling



The above text is a snippet from Wiktionary: signalling
and as such is available under the Creative Commons Attribution/Share-Alike License.

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