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This paper studies communication in a static Cournot duopoly model under the assumption that the firms have unverifiable private information about their costs. We investigate the conditions under which the firms cannot transmit any information through cheap talk, and show that when these...
Persistent link: https://www.econbiz.de/10010930788
We compare three common dispute resolution processes - negotiation, mediation, and arbitration - in the framework of …. Under mediation, the parties communicate with a neutral third party who makes a non-binding recommendation. Under … mediation and arbitration procedures. Both mediators and arbitrators should optimally filter information, but mediators should …
Persistent link: https://www.econbiz.de/10010266269
We study communication in a static Cournot duopoly model under the assumption that the firms have unverifiable private information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms can communicate through a third party,...
Persistent link: https://www.econbiz.de/10010292012
We study communication in a static Cournot duopoly model under the assumption that the firms have unverifiable private information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms can communicate through a third party,...
Persistent link: https://www.econbiz.de/10010681084
Persistent link: https://www.econbiz.de/10010479479
We study communication in a static Cournot duopoly model under the assumption that the firms have unverifiable private information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms can communicate through a third party,...
Persistent link: https://www.econbiz.de/10009633349
Persistent link: https://www.econbiz.de/10003876891
We compare three common dispute resolution processes - negotiation, mediation, and arbitration - in the framework of …. Under mediation, the parties communicate with a neutral third party who makes a non-binding recommendation. Under … mediation and arbitration procedures. Both mediators and arbitrators should optimally filter information, but mediators should …
Persistent link: https://www.econbiz.de/10003781465