2011-03-03Buch DOI: 10.18452/4302
A strategic mediator who is biased into the same direction as the expert can improve information transmission
This note reconsiders communication between an informed expert and an uninformed decision maker with a strategic mediator in a discrete Crawford and Sobel (1982) setting. We show that a strategic mediator may improve communication even when he is biased into the same direction as the expert. The mediator improves communication, however, only if some information transmission is possible with unmediated communication.
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Is Part Of Series: Sonderforschungsbereich 649: Ökonomisches Risiko - 12, SFB 649 Papers, ISSN:1860-5664