In recent years, final-offer arbitration (FOA) has become an increasingly frequent means of resolving labor disputes in … true value of the case. The model characterizes the disputants' equilibrium offer behavior and examines arbitration …, FOA can be expected to be less costly to administer than arbitration procedures that attempt to extract perfect …

In final-offer arbitration the two parties to a dispute submit final offers to an arbitrator. The arbitrator then … are imperfectly informed about the arbitrator's preferences, final-offer arbitration can be modeled as a game of imperfect … characteristics of the arbitrator and the disputants. We provide conditions for an equilibrium to exist in a final-offer arbitration …

A new procedure is proposed for settling disputes which combines binding arbitration (BA) and final-offer arbitration … (FOA). Unlike either of the two pure procedures, combined arbitration (CA) induces the two parties to converge in making … arbitration procedure are discussed. …