David Dickison, Professor in the Department of Economics at Appalachian State University, recently had a research paper featured by the leading labor economics research group IZA. The paper "Alternative Dispute Resolution" examines how alternative procedures might succeed in settling disputes. From the summary [Link]:
Alternative dispute resolution procedures such as arbitration and mediation are the most common methods for resolving wage, contract, and grievance disputes, but they lead to varying levels of success and acceptability of the outcome depending on their design. Some innovative procedures, not yet implemented in the real world, are predicted to improve on existing procedures in some ways. But controlled tests of several procedures show that the simple addition of a nonbinding stage prior to binding dispute resolution can produce the best results in terms of cost (monetary and “uncertainty” costs) and acceptability.
About the Department of Economics at Appalachian State University
Appalachian's Department of Economics in the Walker College of Business is a research-intensive department committed to transformative student learning in and out of the classroom. The Department's research is ranked among the top 50 departments nationally among public universities. The Department has internationally recognized research programs in experimental and behavioral economics, and environmental and energy policy. To learn more, visit economics.appstate.edu.