The emerging empirical literature on the economics of arbitration has focused primarily on the behavior of arbitrators … under alternative forms of arbitration. This article suggests that it is natural for empirical economists to now expand … behavior are discussed: (1) the decision to settle a dispute voluntarily or to proceed to arbitration; (2) the strategy for …

understanding of principal-agent interactions, social preferences, union-firm bargaining, arbitration, gender differentials …

In this paper we study the complete evolution of a final-offer arbitration system used in New Jersey with data we have …

We test for the presence of an addictive effect of arbitration (positive state dependence) using data both from a … laboratory bargaining experiment and from the field. We find no evidence of state dependence in the experimental data, and we … view that use of arbitration per se leads to state dependence either through reducing uncertainty about the arbitral …

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 …

financial contracting predicts that liquidation values determine the allocation of bargaining power between creditors and … bargaining. This paper attempts to fill this gap. We develop an incomplete-contracting model of financial contract renegotiation …

We study patterns of behavior in bilateral bargaining situations using a rich, new dataset describing over 88 million … listings from eBay's Best Offer platform, with back-and-forth bargaining occurring in over 25 million of these listings. We … document patterns of behavior and relate them to "rational" and "psychological" theories of bargaining and find that bargaining …

behavior in various different situations, including games of common interest, coordination, asset trading and bargaining …

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 …