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-perceptions and thereby generate costs of conflict for the principal. We identify conditions for a positive welfare effect of … increasing costs of conflict or increasing sensitivity to ego-threats, and a negative welfare effect of a more informative …
Persistent link: https://www.econbiz.de/10012723086
than through the agent himself. This implies that mediation is strictly helpful if and only if the likelihood of a conflict … of interest is positive but not too high. The value of mediation depends nonmonotonically on the degree of conflict. Our …We study the reasons and conditions under which mediation is beneficial when a principal needs information from an …
Persistent link: https://www.econbiz.de/10014027791
This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … option of choosing a second instrument to affect the outcome of the conflict. The second instrument is assumed to capture a … complex bundle of Conflict Management Procedures (CMPs). Through comparative statics, different scenarios are studied. A …
Persistent link: https://www.econbiz.de/10012734516
Persistent link: https://www.econbiz.de/10011455889
We design a laboratory experiment in which an interested third party endowed with private information sends a public message to two conflicting players, who then make their choices. We find that third-party communication is not strategic. Nevertheless, a hawkish message by a third party makes...
Persistent link: https://www.econbiz.de/10012969451
Two individuals are involved in a conflict situation in which preferences are ex ante uncertain. While they eventually …
Persistent link: https://www.econbiz.de/10011412685
We study a dynamic game in which players compete for a prize. In a waiting game with two-sided private information about strength levels, players choose between fighting, fleeing, or waiting. Players earn a “deterrence value” on top of the prize if their opponent escapes without a battle. We...
Persistent link: https://www.econbiz.de/10012850614
with information to decrease the ex-ante war probability. In a conflict between two parties with private information about … conflicting parties benefit from mediation, as the ex-ante war probability is reduced. The benefit is taken up by weak conflicting … parties. This benefit is larger when war is costlier and when the war probability absent mediation is higher …
Persistent link: https://www.econbiz.de/10012862598
How can a single player defend against the threat of a coordinated attack by a group? For example, how can a central bank defend a currency peg against speculators, a government against a revolution or a prison warden against a breakout? Bentham (1787) proposed an innovative prison concept based...
Persistent link: https://www.econbiz.de/10013014971
How can a single player defend against the threat of a coordinated attack by a group? For example, how can a central bank defend a currency peg against speculators, a government against a revolution or a prison warden against a breakout? Bentham (1787) proposed an innovative prison concept based...
Persistent link: https://www.econbiz.de/10013015698