Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10003841159
Persistent link: https://www.econbiz.de/10002770896
Conflicts of interest arise between a decision maker and agents who have information pertinent to the problem because of differences in their preferences over outcomes. We show how the decision maker can extract the information by distorting the decisions that will be taken, and show that only...
Persistent link: https://www.econbiz.de/10014065852
We compare three common dispute resolution processes - negotiation, mediation, and arbitration - in the framework of Crawford and Sobel (1982). Under negotiation, the two parties engage in (possibly arbitrarily long) face-to-face cheap talk. Under mediation, the parties communicate with a...
Persistent link: https://www.econbiz.de/10003781465
Persistent link: https://www.econbiz.de/10003876891
Persistent link: https://www.econbiz.de/10008656760
Persistent link: https://www.econbiz.de/10008659233
Persistent link: https://www.econbiz.de/10010364219
Persistent link: https://www.econbiz.de/10011457013
This paper brings mechanism design to the study of conflict resolution in international relations. We determine when and how unmediated communication and mediation reduce the ex ante probability of conflict, in a simple game where conflict is due to asymmetric information. Unmediated...
Persistent link: https://www.econbiz.de/10013139372