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Communication via a strategic mediator

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Author Info

  • Ivanov, Maxim

Abstract

This paper investigates communication between an informed expert and an uninformed principal via a strategic mediator. We demonstrate that, for any bias in the parties' preferences, there exists a strategic mediator that provides the highest expected payoff to the principal, as if the players had communicated through an optimal non-strategic mediator.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 145 (2010)
Issue (Month): 2 (March)
Pages: 869-884

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Handle: RePEc:eee:jetheo:v:145:y:2010:i:2:p:869-884

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Web page: http://www.elsevier.com/locate/inca/622869

Related research

Keywords: Communication Information Cheap talk Mediation;

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Citations

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Cited by:
  1. Mechtenberg, Lydia & Münster, Johannes, 2010. "A strategic mediator who is biased into the same direction as the expert can improve information transmission," Discussion Papers, Research Unit: Market Behavior SP II 2010-19, Social Science Research Center Berlin (WZB).
  2. Ambrus, Attila & Azevedo, Eduardo M. & Kamada, Yuichiro & Takagi, Yuki, 2013. "Legislative committees as information intermediaries: A unified theory of committee selection and amendment rules," Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 103-115.
  3. Simona Fabrizi & Steffen Lippert, 2012. "Due Diligence, Research Joint Ventures, and Incentives to Innovate," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 168(4), pages 588-611, December.
  4. Ambrus, Attila & Azevedo, Eduardo M. & Kamada, Yuichiro, 2013. "Hierarchical cheap talk," Theoretical Economics, Econometric Society, vol. 8(1), January.
  5. Baumann, Florian & Friehe, Tim, 2013. "Cheap talk about the detection probability," DICE Discussion Papers 90, Heinrich‐Heine‐Universität Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
  6. Chirantan Ganguly & Indrajit Ray, 2009. "Simple Mediation in a Cheap-Talk Game," Discussion Papers 05-08r, Department of Economics, University of Birmingham.
  7. Fox, Justin & Van Weelden, Richard, 2010. "Partisanship and the effectiveness of oversight," Journal of Public Economics, Elsevier, vol. 94(9-10), pages 674-687, October.
  8. Pinghan Liang, 2010. "Transfer of Authority within Hierarchy," Levine's Working Paper Archive 661465000000000139, David K. Levine.
  9. Blume, Andreas, 2012. "A class of strategy-correlated equilibria in sender–receiver games," Games and Economic Behavior, Elsevier, vol. 75(2), pages 510-517.
  10. Lim, Wooyoung, 2012. "Selling authority," Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 393-415.
  11. Liang, Pinghan, 2013. "Optimal delegation via a strategic intermediary," MPRA Paper 45271, University Library of Munich, Germany.
  12. Gregory Pavlov, 2013. "Correlated Equilibria and Communication Equilibria in All-pay Auctions," UWO Department of Economics Working Papers 20132, University of Western Ontario, Department of Economics.
  13. Liang, Pinghan, 2013. "Optimal delegation via a strategic intermediary," Games and Economic Behavior, Elsevier, vol. 82(C), pages 15-30.
  14. Andreas Blume & Ernest K. Lai & Wooyoung Lim, 2013. "Eliciting Private Information with Noise: The Case of Randomized Response," Working Papers 490, Bielefeld University, Center for Mathematical Economics.
  15. Kolotilin, Anton & Li, Hao & Li, Wei, 2013. "Optimal limited authority for principal," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2344-2382.
  16. Sidartha Gordon & Ying Chen, 2014. "Information Transmission in Nested Sender-Receiver Games," Sciences Po Economics Discussion Papers 2014-04, Sciences Po Departement of Economics.

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