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 …

Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of … discretion and choose actions for the common good. Agency-cost theories portray regulation as a way to raise the quality of …

This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …

mechanisms, and programmability, we analyze how they interact with existing financial rules. We compare approaches to regulation …

of wage settlements negotiated without arbitration using a panel of contracts between teachers and school boards in the …

dispersed environmental externalities with disclosure regulation to create public pressure reduces their environmental impact …

disparities in loan approval rates downward by 43%, with greater bias for traditional vs. fintech lenders. Regulation using self …

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 …

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 …