ABSTRACT
Mediation of international disputes concerns activities carried out by a party exogenous to a conflict between two states, aimed at managing or resolving the conflict by peaceful means (Bercovitch, 1992; Kressel and Pruitt, 1989). Rational disputants will accept a mediator’s offer to the extent that (1) the expected utility of an agreement exceeds the expected utility of continued conflict (Terris and Maoz, 2005), and (2) the agreement is seen as stable (that is, neither party has an incentive to breach it).
