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- W3199718284 abstract "Mediator proposals can accelerate agreement and increase welfare even if the mediator is entirely uninformed. We demonstrate this by adding random mediation to the Cramton (1992) bargaining model. Mediation increases welfare by pooling types, which reduces signaling costs. When mediation is expected to occur soon, bargainers wait for mediation. Otherwise, bargainers make offers with greater strategic delay due to the possibility of future mediation. Despite the greater pre-mediation delay, the net effect of mediation is welfare enhancing." @default.
- W3199718284 created "2021-09-27" @default.
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- W3199718284 date "2020-01-01" @default.
- W3199718284 modified "2023-09-23" @default.
- W3199718284 title "Mediation and Strategic Delay in Bargaining" @default.
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- W3199718284 doi "https://doi.org/10.2139/ssrn.3770222" @default.
- W3199718284 hasPublicationYear "2020" @default.
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