A Comparison of Arbitration Procedures for Risk‐Averse Disputants*
提出了一个仲裁模型框架，比较了最终报价仲裁和传统仲裁等程序在争议方风险规避情况下的表现，发现最终报价仲裁优于传统仲裁。
ABSTRACT We propose an arbitration model framework that generalizes many previous quantitative models of final offer arbitration, conventional arbitration, and some proposed alternatives to them. Our model allows the two disputants to be risk averse and assumes that the issue(s) in dispute can be summarized by a single quantifiable value. We compare the performance of the different arbitration procedures by analyzing the gap between the disputants' equilibrium offers and the width of the contract zone that these offers imply. Our results suggest that final offer arbitration should give results superior to those of conventional arbitration.