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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