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Interest Arbitration, Outcomes, and the Incentive to Bargain

Bibliographic Data

ID3320730
AuthorsHenry S Farber (Massachusetts Institute of Technology), Harry C Katz (Massachusetts Institute of Technology)
Year1979
Volume33
Issue1
Pages55-63
Publication date1979-10-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueIndustrial and Labor Relations Review (JOURNAL)
Journal identifiersISSN: 0019-7939 • E-ISSN: 2162-271X
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/001979397903300105
OpenAlexW2030420197
ISBN9793979033001
LanguageEN
Citations received52

"This study develops a model of bargaining that demonstrates that an interest arbitration procedure will encourage negotiated settlements to the extent that risk aversion dominates the preferences of the parties and there is uncertainty regarding the arbitrator's behavior. The authors conclude that it is likely that risk aversion does dominate preferences, but the evidence is not conclusive. They also argue that uncertainty may be reduced over time for various reasons, leading to increased use of arbitration and a convergence between the terms of negotiated and arbitrated agreements."

Arbitration · Business · Collective bargaining · Compulsory arbitration · Economics · Human settlement · Incentive · Labor disputes · Labor relations · Labour economics · Law and economics · Microeconomics · Political science · Public economics · Settlement (finance) · Engineering · Finance · Labor Movements and Unions · Law · Law, Economics, and Judicial Systems · Merger and Competition Analysis

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Unique citing works34
Citations per year1,13
Citation span1980 - 2025 (46)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 45

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