Shuttle diplomacy

• 成果类型: Article
• 署名作者: Gottardi, Piero; Mezzetti, Claudio
• 署名单位: University of Essex; Universita Ca Foscari Venezia; Centre for Economic Policy Research - UK; University of Queensland
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2023.105794
• 发表日期: 2024
• 关键词: Mediation; mechanism design; information design; Diplomacy

摘要

In practice mediation operates through shuttle diplomacy: the mediator goes back and forth between parties, meeting them in private. We model shuttle diplomacy as a dynamic procedure. The mediator helps each party to gradually discover (privately) her value from settlement and re-assess her bargaining position, while also proposing the terms of the deal. We show that shuttle diplomacy always allows parties to achieve an ex-post efficient final settlement. In contrast, this is not possible with a static mediation procedure. In addition, if parties have symmetric prior value distributions, shuttle diplomacy guarantees a fair split of the social value from settlement.