I like the new digs, Wretchard. Also, I thought you might be interested in Michael Spence’s Nobel lecture on asymmetrical information and signaling in “markets where the issue is often undetectable or imperfectly detectable quality differential” — i.e. job markets.

The lecture is here

Excerpt:
“The idea behind the job market signaling model is that is there are attributes of potential employees that the employer cannot observe and that affect the individual’s subsequent productivity and hence value to the employer on the job.”