the tools of game theory to analyse how different institutional settings can provide specific strategic incentives and …

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. …

If a seller delivers a good non-conforming to the contract, Article 2 of the UCC as well as European warranty law … a contract he no longer wants. We show that the possibility of opportunistic termination might actually have positive ef …

PPL damages vis-à-vis expected damages under existing contract law. This study clarifies the conditions under which PPLD …

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 …

along the lines of the nature of the WTO contract. This results in to three key findings: First, none of the two schools of … different concepts of the WTO contract, and therefore have been at cross-purposes from the very beginning. This implies a third … finding: The two schools of thought essentially describe different facets of the same complex WTO contract. Hence, they have …