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A settlement is an agreement between parties to a dispute. In everyday parlance and in academic scholarship, settlement is juxtaposed to trial or some other method of dispute resolution in which a third-party factfinder ultimately picks a winner and announces a score. The “trial versus...
Persistent link: https://www.econbiz.de/10011578655
Two risk-averse litigants with different subjective beliefs negotiate in the shadow of a pending trial. Through contingent contracts, the litigants can mitigate risk and/or speculate on the trial outcome. The opportunity for contingent contracting decreases the settlement rate and increases the...
Persistent link: https://www.econbiz.de/10011578658
, appeals, contingent fees for attorneys, alternative dispute resolution, class actions, and plea bargaining. …
Persistent link: https://www.econbiz.de/10014023512
, experience and opinions concerning the arbitration of these disputes under the local government Labour Dispute Arbitration Bureau …, Chinese workers and employers reported high levels of satisfaction with the arbitration process on a range of procedural due … process and substantive due process measures. Results indicate overall party satisfaction with the arbitration, a belief that …
Persistent link: https://www.econbiz.de/10014044761
A series of experiments compares bargaining behavior under three different settings: no arbitration, conventional and … interfer more with bargaining behavior than conventional arbitration where the bargaining behavior was similar to the no-arbitration … treatment. Under final offer arbitration, negotiators adjust their bargaining strategy to the arbitrator's expected award. …
Persistent link: https://www.econbiz.de/10010297233
Strikes, just as other types of conflict, used to be difficult to explain from an economic perspective. Initially, it was thought that they were a result of mistakes or irrationality. Then, during the 1980s an explosion of research brought asymmetric information to prominence as a significant...
Persistent link: https://www.econbiz.de/10012299563
This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism … are within a prescribed range. The observed individual behavior, based on 40 rounds of bargaining, is shown to be … adopting aggressive bargaining positions, which implies that the mechanism is not able to promote agreements and generate …
Persistent link: https://www.econbiz.de/10005112727
We consider an alternating offer bargaining model in which the players may agree to call in an arbitrator in case of … this result both for theories of arbitration and for the interpretation of cooperative bargainining solutions. …
Persistent link: https://www.econbiz.de/10005407526
This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism … are within a prescribed range. The observed individual behavior, based on 40 rounds of bargaining, is shown to be … adopting aggressive bargaining positions, which implies that the mechanism is not able to promote agreements and generate …
Persistent link: https://www.econbiz.de/10005408220
the likelihood of settlement. Inasmuch as fact-finding reduces uncertainty about the outcome, it may “chill” bargaining … controlled experimental bargaining environment. …
Persistent link: https://www.econbiz.de/10005426940