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Under an offer of settlement' rule, a party to a lawsuit may make a special offer to settle with the other party, such that if the other party rejects this offer, then this offer (unlike an ordinary offer) becomes part of the record in the case and may affect the allocation of litigation costs....
Persistent link: https://www.econbiz.de/10012471084
This paper extends the existing theory and empirical investigation of unitization contracts. It highlights the importance of incentive-compatibility and self-enforcement and the bargaining problems faced in achieving viable, long-term contracts. We argue that only if the parties to a unitization...
Persistent link: https://www.econbiz.de/10012471652
mediating the negotiations. We find that who intermediates the negotiation matters: high-performing mediators are 22.03% more …We analyze data on tens of thousands of alternating-offer, business-to-business negotiations in the wholesale used …-car market, with each negotiation mediated (over the phone) by a third-party company. The data shows the identity of the employee …
Persistent link: https://www.econbiz.de/10012616607
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 their focus to include issues related to the behavior of...
Persistent link: https://www.econbiz.de/10012476858
Few sovereign debtors have repudiated their obligations entirely. But despite the significant sanctions at the disposal of lenders, many borrowers have been able to consistently negotiate for reduced repayments. This paper presents a model of the on-going bargaining process that determines...
Persistent link: https://www.econbiz.de/10012476981
the case of negotiations over work rules and wages than in both the cases of fully efficient bargaining and of bargaining …
Persistent link: https://www.econbiz.de/10012477257
trade negotiation such as the Tokyo Round, can be modelled as a game among countries attempting to minimize individual … actually determined by the negotiation. We find that while the game model may track closely the decisions of the negotiators in …
Persistent link: https://www.econbiz.de/10012477496
A general model of arbitrator behavior in conventional and final-offer arbitration is developed that is based on an underlying notion of an appropriate award in a particular case. This appropriate award is defined as a function of the facts of the case independently of the offers of the parties....
Persistent link: https://www.econbiz.de/10012477598
Bargaining breakdown--whether as delay, conflict, or missing trade--plagues bargaining in environments with incomplete information. Can a bargaining environment that facilitates or restricts communication alleviate these costs? We exploit a unique opportunity to study this question using real...
Persistent link: https://www.econbiz.de/10012482204
Understanding and minimizing the transaction costs of policy implementation are critical for reducing tropical forest losses. As the international community prepares to launch REDD+, a global initiative to reduce greenhouse gas emissions from tropical deforestation, policymakers need to pay...
Persistent link: https://www.econbiz.de/10012461901