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bargaining. We develop a theoretical model of pre-arbitration bargaining that is able to identify the impact of the institutional …Arbitration, as an alternative to litigation for contract disputes, reduces costs and time. While it has frequently … been thought of as a substitute to pretrial bargaining and litigation, in fact, parties may be able to reach a settlement …
Persistent link: https://www.econbiz.de/10010757684
issue by modelling the automated negotiation process as a two-person bargaining game under incomplete information. A first …
Persistent link: https://www.econbiz.de/10005056871
Because verdicts are typically the more costly resolution of legal disputes, most governments are interested in high settlement rates. In this paper, we use a unique dataset of 860 case records from a German trial court to explore which factors have a significant impact on the decision to settle...
Persistent link: https://www.econbiz.de/10011098514
Persistent link: https://www.econbiz.de/10005046757
This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism … are within a prescribed range. The observed individual behavior, based on 40 rounds of bargaining, is shown to be … adopting aggressive bargaining positions, which implies that the mechanism is not able to promote agreements and generate …
Persistent link: https://www.econbiz.de/10005112727
We consider an alternating offer bargaining model in which the players may agree to call in an arbitrator in case of … this result both for theories of arbitration and for the interpretation of cooperative bargainining solutions. …
Persistent link: https://www.econbiz.de/10005407526
This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism … are within a prescribed range. The observed individual behavior, based on 40 rounds of bargaining, is shown to be … adopting aggressive bargaining positions, which implies that the mechanism is not able to promote agreements and generate …
Persistent link: https://www.econbiz.de/10005408220
Third-party conflict management, particularly legal dispute resolution (arbitration and adjudication) and mediation …, can help improve the willingness of disputants to make asymmetric concessions by ameliorating commitment problems and … Issue Correlates of War data. To get traction on the mechanisms at work, we distinguish between challenger concessions and …
Persistent link: https://www.econbiz.de/10010801312
This article generalizes the analysis of settlement under joint and several liability from lawsuits involving one plaintiff and two defendants to those involving namp;#8805;2 defendants. We demonstrate that, depending upon the correlation of outcomes among the defendants, but regardless of the...
Persistent link: https://www.econbiz.de/10012726210
We formulate a pretrial negotiation problem as an infinite horizon bargaining model with one-sided uncertainty and …
Persistent link: https://www.econbiz.de/10012775434