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 …

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 …

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 …

We develop a signaling model of final offer arbitration (FOA) in which the informed party makes the final settlement …

(1982) suggests that settlement failure stems from excessive optimism. Final offer arbitration (FOA) in major league … party making the offer. Using data from 1990-93, we find strong evidence that arbitration stems from excessive optimism by … those who lack previous experience with the arbitration process than for those who have previously been eligible …