Amended final-offer arbitration (AFOA) has been developed as an attractive alternative mechanism to final …-offer arbitration (FOA). Under AFOA, more reasonable offers win, but the outcome is determined by the loser's offer and the arbitrator …

We develop screening models of final offer arbitration (FOA) in which the uninformed party makes a demand to the … analyze costly discovery. Our results are compared to conventional arbitration (CA) which may viewed as a litigation model …

Arbitration is frequently utilized to settle disputes. Much research has focused on the properties of final …-offer arbitration (FOA) relative to conventional arbitration. Both mechanisms should encourage settlement in standard environments, but … previous empirical work finds that impasses remain common. A modification of FOA, amended final-offer arbitration (AFOA), has …

Arbitration is increasingly employed to resolve disputes. Two arbitration mechanisms, conventional arbitration (CA) and … final-offer arbitration (FOA) are commonly utilized, but previous theoretical and empirical research has found that they are … offer an improvement. An exception is amended final-offer arbitration (AFOA), which not only has desirable theoretical …