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We analyze the performance of various communication protocols in a generalization of the Crawford–Sobel (1982) model of cheap talk that allows for multiple receivers. We find that the sender prefers communicating by private messages if the receiversʼ average bias is high, and by public messages if the receiversʼ average bias is low and the receivers are sufficiently polarized. When both public and...
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 arbitrarily long) face-to-face cheap talk. Under mediation, the parties communicate with a neutral third party...
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