DP8724 On the Selection of Arbitrators

Author(s): Geoffroy de Clippel, Kfir Eliaz, Brian Knight
Publication Date: December 2011
Keyword(s): Arbitration, Implementation
JEL(s): C72, C92, D02
Programme Areas: Industrial Organization
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=8724

A key issue in arbitration, which resolves disputes among parties, involves the procedure for selecting an arbitrator. We take an implementation-theoretic approach and provide theoretical, empirical and experimental analyses of this problem. Our findings highlight the problems with current procedures and suggest that alternative procedures, which we propose, may be superior.