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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 …
Persistent link: https://www.econbiz.de/10012477235
of wage settlements negotiated without arbitration using a panel of contracts between teachers and school boards in the …
Persistent link: https://www.econbiz.de/10012475176
This paper analyses data on union and employer rankings of different panels of arbitrators in an actual arbitration …
Persistent link: https://www.econbiz.de/10012477134
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/10012474499
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/10012453233
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 …
Persistent link: https://www.econbiz.de/10012459828
This paper examines the sharing of risk under three different remedies for breach of contract. The risk considered …. By means of a numerical example, it is shown that use of the prevailing remedy for breach of contract -- the expectation …
Persistent link: https://www.econbiz.de/10012478401
theory, and the article relates this conclusion to legal intervention in practice. Contractual holdup is considered for both … ship) are often socially beneficial. In these circumstances, the policy of controlling the contract price is preferable, as …
Persistent link: https://www.econbiz.de/10012467400
innovative output as measured by patents, controlling for endogeneity of contract form. The results are consistent with multi …
Persistent link: https://www.econbiz.de/10012452996
Congress may soon restrict joint and several liability for cleanup of contaminated sites under Superfund. We explore whether this change would discourage settlements and is therefore likely to increase the program's already high litigation costs. Recent theoretical research by Kornhauser and...
Persistent link: https://www.econbiz.de/10012471702