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This paper examines the effects that the private selection of arbitrators have over arbitrators' incentives in deciding the cases before them over the arbitrators' implied bias. These effects have important implications for the design of Arbitration rules by Arbitration and Dispute Resolution...
Persistent link: https://www.econbiz.de/10011199575
This paper examines how providing litigants with information about arbitrators’ win/loss ratios affects arbitrators’ incentives in deciding the cases before them in an impartial and unbiased manner. We show that if litigants are informed about arbitrators’ past decisions, then arbitrators...
Persistent link: https://www.econbiz.de/10010691502
The main goal of the court system is to differentiate between those who obeyed the law and those who did not. We describe a mechanism design framework that facilitates the characterization of a set of procedural mechanisms that would minimize the resources used to achieve this goal. This...
Persistent link: https://www.econbiz.de/10005582004
no abstract available.
Persistent link: https://www.econbiz.de/10005582128
We consider the following situation. A risk-neutral plaintiff sues a risk-neutral defendant for damages that are normalized to one. The defendant knows whether she is liable or not, but the plaintiff does not. We ask what are the settlement procedure and fee-shifting rule (which, together, we...
Persistent link: https://www.econbiz.de/10005585371
A risk-neutral plaintiff sues a risk-neutral defendant for damages that are normalized to one. The defendant knows whether she is liable or not, but the plaintiff does not. We ask what are the settlement procedures and fee-shifting rules (which, together, we call a mechanism) that minimize the...
Persistent link: https://www.econbiz.de/10005741520
Persistent link: https://www.econbiz.de/10002046970
Persistent link: https://www.econbiz.de/10001591091
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