منابع مشابه
Alternating-offer games with final-offer arbitration
I analyze an alternating-offer model that integrates the common practice of having an arbitrator determine the outcomes if both players’ offers are rejected. I assume that the arbitrator uses final-offer arbitration (as in professional baseball). I find that if the arbitrator does not excessively favor one player, then the unique subgame-perfect equilibrium always coincides with the subgame-per...
متن کاملAn Analysis and Evaluation of Final Offer Arbitration
Final offer arbitration (FOA) and conventional arbitration (ARE) are compared as mechanisms for settling labor disputes. It is recognized that the parties can manipulate their final offers under FOA in order to achieve a more desirable outcome, and the equilibrium pair of final offers is derived as a function of the uncertainty about the arbitrator's award and the relative risk preferences of t...
متن کاملFinal-Offer Arbitration and Risk Aversion in Bargaining
N are often conducted under the stipulation that an impasse is to be resolved using final-offer arbitration (FOA). In fact, FOA frequently is not needed; in Major League Baseball, for instance, more than 80% of the salary negotiations that could go to arbitration instead reach a bargained agreement. We show that the risk aversion of at least one side explains this phenomenon. We then model pay ...
متن کاملAmended Final-Offer Arbitration is Improved Arbitration: Evidence from the Laboratory*
Arbitration is frequently utilized to settle disputes. Much research has focused on the properties of final-offer arbitration (FOA) relative to conventional arbitration. Both mechanisms should encourage settlement in standard environments, but previous empirical work finds that impasses remain common. A modification of FOA, amended final-offer arbitration (AFOA), has been proposed as an alterna...
متن کاملA Comparison of Conventional, Final-Offer, and "Combined" Arbitration For Dispute Resolution
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 Arbitration combines the rules of the two most...
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ژورنال
عنوان ژورنال: Relations industrielles
سال: 1979
ISSN: 0034-379X,1703-8138
DOI: 10.7202/028944ar