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Lawyers as Agents of the Devil in a Prisoner's Dilemma Game : Evidence from Long Run Play

Ashenfelter, Orley - 2013

Do the parties in a typical dispute face incentives similar to those in the classic prisoner's dilemma game? In this paper, we explore whether the costs and benefits of legal representation are such that each party seeks legal representation in the hope of exploiting the other party, while...

Persistent link: https://www.econbiz.de/10013086298

An Analysis of the Selection of Arbitrators

Bloom, David E. - 2007

This paper analyses data on union and employer rankings of different panels of arbitrators in an actual arbitration system. A random utility model of bargainer preferences is developed and estimated. The estimates indicate that unions and employers have similar preferences, in favor of lawyers,...

Persistent link: https://www.econbiz.de/10012777180

Is the WTO Passé?

Bagwell, Kyle - 2015

The WTO has delivered policy outcomes that are very different from those likely to emerge out of the recent wave of preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried trade liberalization as far as it can manage, and...

Persistent link: https://www.econbiz.de/10013020207

Engineering Informal Institutions : Long-Run Impacts of Alternative Dispute Resolution on Violence and Property Rights in Liberia

Hartman, Alexandra - 2018

Informal institutions govern property rights and disputes when formal systems are weak. Well-functioning institutions should help people reach and maintain bargains, minimizing violence. Can outside organizations engineer improvements and reduce violent conflicts? Will this improve property...

Persistent link: https://www.econbiz.de/10012922221

Lawyers as Agents of the Devil in a Prisoner'S Dilemma Game

Ashenfelter, Orley; Bloom, David E. - 2021

The goal of this paper is to explore the possibility that the costs and benefits of legal representation are structured so that each individual party seeks legal representation in the hope of exploiting the other party, while knowing full well that failing to do so will open up the possibility...

Persistent link: https://www.econbiz.de/10013245317

Disputes in International Investment and Trade

Ossa, Ralph; Staiger, Robert; Sykes, Alan - 2022

International investment agreements employ dispute settlement procedures that differ markedly from their counterparts in trade agreements along three key dimensions: standing (i.e., the right to file grievances), the nature of the remedy, and the remedial period. In the state-to-state dispute...

Persistent link: https://www.econbiz.de/10013323625

Luo, Hong - 2016

Effective dispute resolution is important for reducing private and social costs. We study how resolution responds to changes in price and communication using a new, extensive dataset of copyright infringement incidences by firms. The data cover two field experiments run by a large...

Persistent link: https://www.econbiz.de/10012996875

Dancing with Activists

Bebchuk, Lucian A. - 2019

An important milestone often reached in the life of an activist engagement is entering into a “settlement” agreement between the activist and the target's board. Using a comprehensive hand-collected data set, we analyze the drivers, nature, and consequences of such settlement agreements....

Persistent link: https://www.econbiz.de/10012863283

Mediating Conflict in the Lab

Casella, Alessandra; Friedman, Evan; Perez Archila, Manuel - 2022

the treatment with direct communication) or to the mediator (in the mediation treatment), before making their demands or … a computer implementing the optimal mediation program. While the theoretical result refers to the best (i.e. most … peaceful) equilibrium under mediation, multiple equilibria exist, and the best equilibrium is particularly vulnerable to small …

Persistent link: https://www.econbiz.de/10014090443