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Decentralized Policy in Resolving Environmental Disputes with Private Information
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Theoretical Economics Letters·Volume 01 (2011)·Pages 21–27·Published 16 August 2011·DOI10.4236/tel.2011.12006
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Abstract
We have design a private-information game to incorporate independent experts’ assistance. With the better information provided by experts, the mistrust of the uninformed party might be dissolved. And we may get an effective and efficient resolution outcome. We will investigate conditions under which the experts’ information may help the economy to get an efficient outcome or an effective resolution result.
KeywordsConflict ResolutionExtensive-Form GameImplementationStrategic Information TransmissionAsymmetric Information
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