To Arbitrate or to Litigate: That is the Question
To the degree that arbitration might be considered in the law and economics literature it is typically treated as a procedural choice for resolution of a contract disputes, and it clearly is true that arbitration may be chosen for any of a number of procedural advantages. For instance, arbitrators can be selected on the basis of their expertise in matters pertinent to specific disputes and reputation for impartiality, thus reducing the uncertainty associated with judicial error and or bias.
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|Date of creation:||1997|
|Date of revision:|
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Web page: http://www.coss.fsu.edu/economics/
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References listed on IDEAS
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- Benson, Bruce L, 1995. "An Exploration of the Impact of Modern Arbitration Statutes on the Development of Arbitration in the United States," Journal of Law, Economics and Organization, Oxford University Press, vol. 11(2), pages 479-501, October.
- Gary S. Becker, 1983. "A Theory of Competition Among Pressure Groups for Political Influence," The Quarterly Journal of Economics, Oxford University Press, vol. 98(3), pages 371-400.
- Alessandra Casella, 1992.
"Arbitration in International Trade,"
NBER Working Papers
4136, National Bureau of Economic Research, Inc.
- Casella, Alessandra, 1992. "Arbitration in International Trade," CEPR Discussion Papers 721, C.E.P.R. Discussion Papers.
- Alessandra Casella., 1992. "Arbitration in International Trade," Center for International and Development Economics Research (CIDER) Working Papers C92-003, University of California at Berkeley.
- Casella, Alessandra, 1992. "Arbitration in International Trade," Center for International and Development Economics Research (CIDER) Working Papers 233173, University of California-Berkeley, Department of Economics.
- repec:cto:journl:v:18:y:1998:i:2:p: is not listed on IDEAS
- Williamson, Oliver E, 1991. "Economic Institutions: Spontaneous and Intentional Governance," Journal of Law, Economics and Organization, Oxford University Press, vol. 7(0), pages 159-87, Special I.
- Williamson, Oliver E, 1983. "Credible Commitments: Using Hostages to Support Exchange," American Economic Review, American Economic Association, vol. 73(4), pages 519-40, September.
- Ekelund, Robert B, Jr & Tollison, Robert D, 1980. "Economic Regulation in Mercantile England: Heckscher Revisited," Economic Inquiry, Western Economic Association International, vol. 18(4), pages 567-99, October.
- Benson, B.L., 1996. "The Evolution of Commercial Law," Working Papers 1996_09_04, Department of Economics, Florida State University.
- Crew, Michael A & Twight, Charlotte, 1990. "On the Efficiency of Law: A Public Choice Perspective," Public Choice, Springer, vol. 66(1), pages 15-36, July.
- Benson, B.L., 1991. "Customary law as a Social Contract Internatioanl Commercial Law," Working Papers 1991_04_10, Department of Economics, Florida State University.
- Gordon Tullock, 1985. "Adam Smith and the Prisoners' Dilemma," The Quarterly Journal of Economics, Oxford University Press, vol. 100(Supplemen), pages 1073-1081.
- David E. Bloom & Christopher L. Cavanagh, 1986.
"An Analysis of the Selection of Arbitrators,"
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1938, National Bureau of Economic Research, Inc.
- Cooter, Robert D., 1994. "Structural adjudication and the new law merchant: A model of decentralized law," International Review of Law and Economics, Elsevier, vol. 14(2), pages 215-231, June.
- Bernstein, Lisa, 1992. "Opting Out of the Legal System: Extralegal Contractual Relations in the Diamond Industry," The Journal of Legal Studies, University of Chicago Press, vol. 21(1), pages 115-57, January.
- Benson, Bruce L, 1999. "An Economic Theory of the Evolution of Governance and the Emergence of the State," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 12(2), pages 131-60, November.
- Stigler, George J, 1992. "Law or Economics?," Journal of Law and Economics, University of Chicago Press, vol. 35(2), pages 455-68, October.
- Shavell, Steven, 1995. "Alternative Dispute Resolution: An Economic Analysis," The Journal of Legal Studies, University of Chicago Press, vol. 24(1), pages 1-28, January.
- William M. Landes & Richard A. Posner, 1978. "Adjudication as a Private Good," NBER Working Papers 0263, National Bureau of Economic Research, Inc.
- Benson, Bruce L., 1988. "Corruption in law enforcement: one consequence of "The tragedy of the commons" arising with public allocation processes," International Review of Law and Economics, Elsevier, vol. 8(1), pages 73-84, June.
- Haggard, Stephan & McMillan, John & Woodruff, Christopher, 1996. "Trust and Search in Vietnam's Emerging Private Sector," CEPR Discussion Papers 1506, C.E.P.R. Discussion Papers.
- Benson, B.L., 1997. "Endogenous Morality," Working Papers 1997_09_01, Department of Economics, Florida State University.
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