Economics of Commercial Arbitration and Dispute Resolution

Edited by Orley C. Ashenfelter, Joseph Douglas Green 1895 Professor of Economics, Princeton University, US and Radha K. Iyengar, Lecturer (Assistant Professor), Department of Economics, London School of Economics, UK and Affiliate, Centre for Economic Performance and the National Bureau of Economic Research

• Contents:AcknowledgementsIntroduction Orley C. Ashenfelter and Radha K. IyengarPART IGENERAL THEORY ON ARBITRATION AND DISPUTE RESOLUTION1. Soia Mentschikoff (1961), ‘Commercial Arbitration’2. Todd B. Carver and Albert A. Vondra (1994), ‘Alternative Dispute Resolution: Why It Doesn’t Work and Why It Does’3. Steven Shavell (1995), ‘Alternative Dispute Resolution: An Economic Analysis’4. Bruce L. Benson (1989), ‘The Spontaneous Evolution of Commercial Law’5. Jonathan R. Hay and Andrei Shleifer (1998), ‘Private Enforcement of Public Laws: A Theory of Legal Reform’PART IIEMPIRICAL AND EXPERIMENTAL EVIDENCE ON ARBITRATION BEHAVIOR6. Paul Pecorino and Mark Van Boening (2001), ‘Bargaining and Information: An Empirical Analysis of a Multistage Arbitration Game’7. Orley Ashenfelter, Janet Currie, Henry S. Farber and Matthew Spiegel (1992), ‘An Experimental Comparison of Dispute Rates in Alternative Arbitration Systems’8. Orley Ashenfelter and David E. Bloom (1984), ‘Models of Arbitrator Behavior: Theory and Evidence’PART IIIARBITRATION IN VARIOUS COMMERCIAL SETTINGS9. Alan Schwartz (1997), ‘Contracting About Bankruptcy’10. Alessandra Casella (1996), ‘On Market Integration and the Development of Institutions: The Case of International Commercial Arbitration’11. Christopher R. Drahozal and Keith N. Hylton (2003), ‘The Economics of Litigation and Arbitration: An Application to Franchise Contracts’12. Lisa Bernstein (1992), ‘Opting Out of the Legal System: Extralegal Contractual Relations in the Diamond Industry’13. Phillip A. Miller (2000), ‘An Analysis of Final Offers Chosen in Baseball’s Arbitration System: The Effect of Pre-Arbitration Negotiation on the Choice of Final Offers’PART IVCOMMERCIAL DISPUTE ARBITRATION IN DEVELOPED, TRANSITIONAL AND DEVELOPING ECONOMIES14. Bruce L. Benson (1995), ‘An Exploration of the Impact of Modern Arbitration Statutes on the Development of Arbitration in the United States’15. Katharina Pistor (1996), ‘Supply and Demand for Contract Enforcement in Russia: Courts, Arbitration, and Private Enforcement’16. Marcel Fafchamps (1996), ‘The Enforcement of Commercial Contracts in Ghana’PART VINTERNATIONAL AND TRANSNATIONAL ARBITRATION 17. Philip J. McConnaughay (1999), ‘The Risks and Virtues of Lawlessness: A “Second Look” at International Commercial Arbitration’18. Peer Zumbansen (2002), ‘Piercing the Legal Veil: Commercial Arbitration and Transnational Law’19. Christopher R. Drahozal (2000), ‘Commercial Norms, Commercial Codes, and International Commercial Arbitration’Name Index