,000 consumer arbitration cases in the securities industry. Securities disputes present a good laboratory: arbitration is mandatory … selection mechanism is similar to other major arbitration forums. We establish several facts that suggest that firms hold an … informational advantage over consumers in selecting arbitrators, resulting in industry-friendly arbitration outcomes. We then …

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 …

This paper reports the results of a systematic experimental comparison of the effect of alternative arbitration systems …" awards in the different arbitration systems. This allows us to compare dispute rates across different arbitration procedures … where we hold fixed the amount of objective underlying uncertainty about the arbitration awards.There are three main …

in wage disputes that were settled by final-offer arbitration in New Jersey. The paper also reports briefly on similar … agreeing not to hire lawyers is cheaper and does not appear to alter arbitration outcomes …

This paper analyses data on union and employer rankings of different panels of arbitrators in an actual arbitration …