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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
Judicial decisions concerning industrial action have strengthened the right to strike and made lockouts virtually impossible. Employers respond to such a shift in the power on the labour market with relocations and power on the goods market. In addition the trade unions are threatened by...
Persistent link: https://www.econbiz.de/10011650590
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
arbitration courts by means of the rational choice of forum approach offered by the law and economics movement. Conjectures about …
Persistent link: https://www.econbiz.de/10010296599
Das Ombudsmannverfahren des Bundesverbandes deutscher Banken feiert am 1. Juli 2002 sein zehnjähriges Jubiläum. Das Jubiläum liefert eine willkommene Gelegenheit zur kritischen Bestandsaufnahme. Zudem soll der tiefergehenden Frage nachgegangen werden, ob sich die mit der Einführung des...
Persistent link: https://www.econbiz.de/10010305689
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
Analyzing the neutrality of referees during nine German premier league (1. Bundesliga) soccer seasons, this paper documents evidence that social forces influence agents' preferences and decisions. Those, who are appointed to be impartial, tend to favor the home team as they systematically award...
Persistent link: https://www.econbiz.de/10010262713