SOME NOTES ON FINANCIAL INCENTIVE-SIGNALLING MODELS, ACTIVITY CHOICE AND RISK PREFERENCES

Authors


  • The author is grateful to the National Science Foundation, the Guggenheim Foundation and the Rodney L. White Center for Financial Research at the Wharton School, for their financial support, and to the participants in the 1976 Bell Symposium on the Economics of Information, and especially Michael Rothschild, for helpful comments.

Ancillary