Showing 1 - 10 of 36
about the extent to which conventional arbitration decisions are fashioned as mechanical compromises of the parties' final … in the arbitration decisions, this evidence of mechanical compromise behavior should be viewed as characterizing the … overall operation of conventional arbitration mechanisms and not the behavior of individual arbitrators in any particular case …
Persistent link: https://www.econbiz.de/10012477235
of wage settlements negotiated without arbitration using a panel of contracts between teachers and school boards in the …
Persistent link: https://www.econbiz.de/10012475176
In this paper we provide an empirical evaluation of the effect that the provision of an arbitration statute has on the … wage levels of police officers. We analyze the effect of arbitration on wages by comparing wage levels across political … sets are remarkably consistent and provide no robust evidence that the presence of arbitration statues has a consistent …
Persistent link: https://www.econbiz.de/10012471490
We test for the presence of an addictive effect of arbitration (positive state dependence) using data both from a … view that use of arbitration per se leads to state dependence either through reducing uncertainty about the arbitral … explanation for any positive state dependence we find in the British Columbia field data must lie in an aspect of the arbitration …
Persistent link: https://www.econbiz.de/10012475029
about the extent to which conventional arbitration decisions are fashioned as mechanical compromises of the parties' final … in the arbitration decisions, this evidence of mechanical compromise behavior should be viewed as characterizing the … overall operation of conventional arbitration mechanisms and not the behavior of individual arbitrators in any particular case …
Persistent link: https://www.econbiz.de/10012476717
Congress may soon restrict joint and several liability for cleanup of contaminated sites under Superfund. We explore whether this change would discourage settlements and is therefore likely to increase the program's already high litigation costs. Recent theoretical research by Kornhauser and...
Persistent link: https://www.econbiz.de/10012471702
The emerging empirical literature on the economics of arbitration has focused primarily on the behavior of arbitrators … under alternative forms of arbitration. This article suggests that it is natural for empirical economists to now expand … behavior are discussed: (1) the decision to settle a dispute voluntarily or to proceed to arbitration; (2) the strategy for …
Persistent link: https://www.econbiz.de/10012476858
This note reexamines the theory of optimal public enforcement when litigation costs are incurred if the defendant is prosecuted at trial, and when an out-of-court settlement is possible. Using a numerical example, it is shown that settlements and litigation costs can substantially alter the...
Persistent link: https://www.econbiz.de/10012476955
This paper analyses data on union and employer rankings of different panels of arbitrators in an actual arbitration …
Persistent link: https://www.econbiz.de/10012477134
arbitration. We document how the selection process impacts arbitration outcomes by studying roughly 9,000 consumer arbitration … cases in the securities industry. Securities disputes present a good laboratory: arbitration is mandatory for all disputes … only if chosen; and the selection mechanism is similar to other major arbitration forums. We document three facts. First …
Persistent link: https://www.econbiz.de/10012480802