Strengthening International Courts and the Early Settlement of Disputes

• If k < k′′, there does not exist a universally divine pooling equilibrium. If k′′ ≤ k, then a universally divine pooling equilibrium exists. (Lemma 1) • Note that two classes of strategy profiles are possible: 1. Strategy profiles in which all demands are always rejected; i.e. r(s(π)) for all π ∈ [0, 1]. 2. Strategy profiles in which there exists at least… (More)