bargaining. We develop a theoretical model of pre-arbitration bargaining that is able to identify the impact of the institutional …Arbitration, as an alternative to litigation for contract disputes, reduces costs and time. While it has frequently … been thought of as a substitute to pretrial bargaining and litigation, in fact, parties may be able to reach a settlement …

bargaining. We develop a theoretical model of pre-arbitration bargaining that is able to identify the impact of the institutional …Arbitration, as an alternative to litigation for contract disputes, reduces costs and time. While it has frequently … been thought of as a substitute to pretrial bargaining and litigation, in fact, parties may be able to reach a settlement …

-recourse loans to plaintiffs on settlement bargaining when a plaintiff has private information about the value of her suit. We show …) induces full settlement. Furthermore, in contrast with the more standard (no-loan) settlement bargaining models, there is no … revelation of information created by the bargaining process: all plaintiff types (where the plaintiff's type is her level of harm …

This paper presents an experiment performed to test the properties of an innovative bargaining mechanism (called … settlement rule tends to chill bargaining as it creates incentives for individuals to misrepresent their true valuations, which …