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Mediation and peace
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Hörner, Johannes, Morelli, Massimo and Squintani, Francesco (2015) Mediation and peace. The Review of Economic Studies, 82 (4). pp. 1483-1501. doi:10.1093/restud/rdv022 ISSN 0034-6527.
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Official URL: http://dx.doi.org/10.1093/restud/rdv022
Abstract
This article applies mechanism design to the study of international conflict resolution. Standard mechanisms in which an arbitrator can enforce her decisions are usually not feasible because disputants are sovereign entities. Nevertheless, we find that this limitation is inconsequential. Despite only being capable of making unenforceable recommendations, mediators can be equally effective as arbitrators. By using recommendation strategies that do not reveal that one player is weak to a strong opponent, a mediator can effectively circumvent the unenforceability constraint. This is because these strategies make the strong player agree to recommendations that yield the same payoff as arbitration in expectation. This result relies on the capability of mediators to collect confidential information from the disputants, before making their recommendations. Simple protocols of unmediated communication cannot achieve the same level of ex ante welfare, as they preclude confidentiality.
Item Type: | Journal Article | ||||||||
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Divisions: | Faculty of Social Sciences > Economics | ||||||||
Journal or Publication Title: | The Review of Economic Studies | ||||||||
Publisher: | Oxford University Press | ||||||||
ISSN: | 0034-6527 | ||||||||
Official Date: | October 2015 | ||||||||
Dates: |
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Volume: | 82 | ||||||||
Number: | 4 | ||||||||
Page Range: | pp. 1483-1501 | ||||||||
DOI: | 10.1093/restud/rdv022 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access |
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