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This paper presents results from a controlled laboratory study of bargaining behavior and dispute rates under three … types of arbitration procedures. Two of these—conventional and final-offer arbitration—are commonly used in practice, while … an innovative procedure called “Combined Arbitration” (Brams and Merrill 1986) is not currently used. Combined …
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the likelihood of settlement. Inasmuch as fact-finding reduces uncertainty about the outcome, it may “chill” bargaining … controlled experimental bargaining environment. …
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We run a series of experiments to compare the well known arbitration scheme FOA (Final Offer Arbitration) with a new … arbitration scheme, non compulsory, we proposed in a companion paper (Tanimura and Thoron (2008)): ROC (Recursive Offer … Conciliation). The two mechanisms are also compared with a negotiation without arbitration. We observe that the ROC mechanism seems …
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This paper empirically examines the widespread belief that voluntarily negotiated agreements produce better long-run relationships than third-party imposed settlements, such as arbitrator decisions or court judgments. Two key outcomes are analyzed - subsequent player performance and the...
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