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Do the parties in a typical dispute face incentives similar to those in the classic prisoner's dilemma game? In this … typical dispute resolution system. It then reports estimates of the incentives for the parties to obtain legal representation … each case, the data provide evidence that the parties face strong individual incentives to obtain legal representation …
Persistent link: https://www.econbiz.de/10013086298
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
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
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
structure of the incentives faced by the parties may be estimated, and the second describes the results of empirical tests in … several different settings. The empirical results strongly suggest that the parties do face "prisoner's dilemma" incentives …
Persistent link: https://www.econbiz.de/10013245317
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
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
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
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
Explicit financial incentives, especially pay-for-performance (P4P) incentives, have been extensively employed in …) incentives on the provision of targeted primary care services, and whether physicians' responses differ by age, practice size and … responses are of modest size, physicians responded to some of the financial incentives but not the others. The differential …
Persistent link: https://www.econbiz.de/10013127976