Goltsman, Maria; Hörner, Johannes; Pavlov, Gregory; … - In: Journal of Economic Theory 144 (2009) 4, pp. 1397-1420
We compare three common dispute resolution processes - negotiation, mediation, and arbitration - in the framework of Crawford and Sobel [V. Crawford, J. Sobel, Strategic information transmission, Econometrica 50 (6) (1982) 1431-1451]. Under negotiation, the two parties engage in (possibly...