Chen, Chia-hui; Ishida, Junichiro; Suen, Wing-chuen - 2022
The class of double-crossing preferences, where signaling is cheaper for higher types than for lower types at low … signaling levels and the opposite is true at high signaling levels, underlines the phenomenon of countersignaling. We show that … under the D1 refinement, the equilibrium signaling action must be quasi-concave in type and generally exhibits pooling, with …