On the Selection of Arbitrators

A key feature of arbitration is the possibility for con icting par- ties to participate in the selection of the arbitrator, the individual who will rule the case. We analyze this problem of the selection of arbitrators from the perspective of implementation theory. In particular, theoretical analyses document problems with veto-rank, a simultaneous procedure that is commonly used in practice, and develop a new sequential procedure, shortlisting, with better proper- ties. Experimental results are consistent with the theoretical pre- dictions, highlighting both the disadvantages associated with the veto-rank procedure and the advantages associated with the short- lising procedure.


Issue Date:
2014
Publication Type:
Working or Discussion Paper
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/275829
Language:
English
Total Pages:
27




 Record created 2018-08-10, last modified 2020-10-28

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