EconPapers    
Economics at your fingertips  
 

Empirical Models of Arbitrator Behavior under Conventional Arbitration

David Bloom

The Review of Economics and Statistics, 1986, vol. 68, issue 4, 578-85

Abstract: Analysis of a new set of data indicates that conventional arbi trators tend to mechanically compromise between the parties' final offers with v irtually no evidence of systematic reference to the facts of the cases. However, since there is a substantial amount of unexplained variance in the arbitrators' decisions, this evidence of mechanical compromise behavior should be viewed as characterizing theoverall operation of conventional arbitration mechanisms and not the behavior of individual arbitrators in any particular case. Indeed, the r esults are consistent with the view that individual arbitratorspay close attent ion to the facts of the cases, but that there is considerable variation in the s tructure of different arbitrators' preference functions. Copyright 1986 by MIT Press.

Date: 1986
References: Add references at CitEc
Citations: View citations in EconPapers (18) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0034-6535%2819861 ... O%3B2-R&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
Working Paper: Empirical Models of Arbitrator Behavior Under Conventional Arbitration (1986) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tpr:restat:v:68:y:1986:i:4:p:578-85

Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=0034-6535

Access Statistics for this article

The Review of Economics and Statistics is currently edited by Amitabh Chandra, Olivier Coibion, Bryan S. Graham, Shachar Kariv, Amit K. Khandelwal, Asim Ijaz Khwaja, Brigitte C. Madrian and Rohini Pande

More articles in The Review of Economics and Statistics from MIT Press
Bibliographic data for series maintained by Ann Olson ().

 
Page updated 2019-08-13
Handle: RePEc:tpr:restat:v:68:y:1986:i:4:p:578-85