Explain why the signaling equilibrium suggested by Fishman (1988) is not fully revealing. If (v_{1}) could be

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Explain why the signaling equilibrium suggested by Fishman (1988) is not fully revealing. If $v_{1}$ could be privately observed by bidder 2 , how would that change the signaling equilibrium?

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Theoretical Foundations Of Corporate Finance

ISBN: 97999

1st Edition

Authors: Joao Amaro De Matos

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Question Posted: May 22, 2024 05:00 AM

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Explain why the signaling equilibrium suggested by Fishman (1988) is not fully revealing. If (v_{1}) could be

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Theoretical Foundations Of Corporate Finance

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