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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/10010293160
A series of experiments compares bargaining behavior under three different settings: no arbitration, conventional and … final offer arbitration. Under no arbitration disputes with zero payoffs were around 10%, while the pie was equally split in … less than half of the cases. Under conventional arbitration - where the arbitrator is free in choosing his award - every …
Persistent link: https://www.econbiz.de/10010297233
This paper deals with the effects that intermediation has on strategic behaviour in negotiations. To this end, we use the tools of game theory to analyse how different institutional settings can provide specific strategic incentives and thereby condition the outcome of negotiations. We...
Persistent link: https://www.econbiz.de/10010262705
Legal institutions play an important role in affecting delay in settlement. But little research has investigated the institutional causes of delay. The empirical literature is ambiguous regarding the impact of trial-court delay on settlement delay. I analyze the timing of bargaining and the...
Persistent link: https://www.econbiz.de/10010333914
There have long been claims that compensations for noneconomic damages are random because tort law does not provide clear guidance regarding these compensations. I investigate, in both settled and tried medical malpractice cases, whether noneconomic damage payments are arbitrary and what...
Persistent link: https://www.econbiz.de/10010333970
This paper examines the strategic effects of case preparation in litigation. Specifically, it shows how the pretrial efforts incurred by one party may alter its adversary's incentives to settle. We build a sequential game with one-sided asymmetric information where the informed party first...
Persistent link: https://www.econbiz.de/10010264386
Using manufacturing data for India, this paper studies the economic effects of legal amendments on two types of labor laws: employment protection and labor dispute resolution legislation. We find that laws that increase employment protection or the cost of labor disputes substantially reduce...
Persistent link: https://www.econbiz.de/10010268910
Schiedsgerichtsbarkeit behauptet, der ein Bedeutungsverlust der staatlichen Gerichte gegenüberstehe ('The Vanishing Trial'). Im Folgenden …, especially arbitration ('The Vanishing Trial'). We will try to explore this thesis on an empirical basis. For this purpose we …
Persistent link: https://www.econbiz.de/10010302733
We introduce collective bargaining in a static framework where the firm and its risk-neutral employees negotiate over wages in a non-binding contract setting. Our main result is the equivalence between the non-binding collective equilibrium wage-employment contract and the equilibrium contract...
Persistent link: https://www.econbiz.de/10010325839
die Tarifverhandlungen in Deutschland nach wie vor als „Konfliktpartnerschaft“ beschrieben werden können. Dabei lassen …
Persistent link: https://www.econbiz.de/10011998765