Chappe, Nathalie; Gabuthy, Yannick - In: Journal of Institutional and Theoretical Economics (JITE) 169 (2013) 4, pp. 720-738
This paper proposes a theoretical analysis of final-offer arbitration in which disputants may be represented by lawyers who can be paid by flat, contingent, or conditional fees. We derive the equilibrium lawyers' efforts to defend their clients and the equilibrium parties' proposals made to the...