Arbitrator Behavior and the Variances of Arbitrated and Negotiated Wage Settlements
发现教师合同样本中，仲裁工资和解的方差显著低于谈判工资和解的方差，即使考虑合同进入仲裁的选择效应后仍成立，表明仲裁和解未包含谈判和解所反映的全部信息。
The variance of arbitrated wage settlements is significantly lower than the variance of negotiated wage settlements in a sample of teachers' contracts, even when possible selection of contracts into arbitration is accounted for. This result is consistent with the hypothesis that arbitrated settlements do not incorporate all of the information that is reflected in negotiated settlements. Copyright 1994 by University of Chicago Press.