The General Basis of Arbitrator Behavior An Empirical Analysis of Conventional

Cover The General Basis of Arbitrator Behavior An Empirical Analysis of Conventional
The General Basis of Arbitrator Behavior An Empirical Analysis of Conventional
Henry S Farber
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D. ; log of present wage 2. 08 (. 392) loQ di-ff between award and PW . 0966 (. 0242) FOA INF proportion o-f FOA cases for Managenment i n-f 1 ati on rate . 644 . 110 . 0285) COMP comparable arbitrated settlements . 100 (. 0281: LM log diff between local wage and PW . 00960 (. 101) NW log diff between national wage and PW . 00520 (. 0214) CONDB =1 if company in terrible or poor shape . 405 CONDG =1 if company in good or excellent shape . 398 MFD log diff between man. Final offer and PW . 0729 (.... 0289) UFO log diff between union final offer and PW . 140 (. 0282) AFO loQ diff between ave, final offer and PW . 107 (. 0252) DFO log difference between final offers . 0673 (. 0271) Table 2: Estimates of Exolicit Models of Arbitrator Decisions: Unconstrained Model Conventional Determinants of V Final-offer P -P, Constant . 0263 (. 00575) . 0300 (. 00755) -. 00368 (. 00690) INF 194 0243) . 218 (. 0311) -. 0241 (. 0298) COMP . 434 (. 0225) . 416 (. 0341) . 0180 (. 0329) LW . 0246 (. 00650) . 0291 (.

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