Arbitration, as an alternative to litigation for contract disputes, reduces costs and time. While it has frequently … privately while engaged in the arbitration process. Consequently, the institutional design of the arbitration may influence the … bargaining. We develop a theoretical model of pre-arbitration bargaining that is able to identify the impact of the institutional …

The emerging empirical literature on the economics of arbitration has focused primarily on the behavior of arbitrators … under alternative forms of arbitration. This article suggests that it is natural for empirical economists to now expand … behavior are discussed: (1) the decision to settle a dispute voluntarily or to proceed to arbitration; (2) the strategy for …