Empirical Models of Arbitrator Behavior under Conventional Arbitration
分析传统仲裁员决策数据，发现仲裁员倾向于在双方最终报价之间取折中，几乎不系统参考案件事实，但个体仲裁员可能仍关注事实。
This study analyzes a new set of data on the decisions of conventional arbitrators.The main goal is to draw inferences about the extent to which conventional arbitration decisions are fashioned as mechanical compromises of • the parties' final offers, without reference to the exogenous facts involved, in different disputes.The results of the analysis are remarkably clear: conventional arbitrators tend to split-the-difference between the parties' final offers with virtually no evidence of systematic reference to the facts of the cases.However, since there is a substantial amount of unexplained variance in the arbitration decisions, this evidence of mechanical compromise behavior should be viewed as characterizing the overall operation of conventional arbitration mechanisms and not the behavior of individual arbitrators in any particular case.Indeed, the results are consistent with the view that individual arbitrators pay close attention to the facts of the cases, but that there is considerable variation in the structure of different arbitrators' preference functions.