TY - JOUR
T1 - Convergence or Divergence in Final-Offer Arbitration in Professional Baseball
AU - Coleman, B. Jay
AU - Jennings, Kenneth M.
AU - Mclaughlin, Frank S.
N1 - Coleman, B.J., Jennings, K.M., & McLaughlin, F.S. (1993). Convergence or Divergence in Final‐Offer Arbitration in Professional Baseball. Industrial Relations, 32, 238-247. https://doi.org/10.1111/j.1468-232X.1993.tb01029.x
PY - 1993/1/3
Y1 - 1993/1/3
N2 - Many labor relations practitioners and theorists believe that final-offer arbitration by a neutral third party encourages union and management officials to resolve their bargaining differences. However, decision scientists have found that there is no median convergence between the parties. Using professional baseball in our model, we test the assumption that major league owners tend to maximize expected monetary value (EMV), finding that claims of divergence are invalidated in dispute management contexts where there is a broad range of other motivations for settling. Decision models offer even further support for the use of final-offer arbitration in such settings.
AB - Many labor relations practitioners and theorists believe that final-offer arbitration by a neutral third party encourages union and management officials to resolve their bargaining differences. However, decision scientists have found that there is no median convergence between the parties. Using professional baseball in our model, we test the assumption that major league owners tend to maximize expected monetary value (EMV), finding that claims of divergence are invalidated in dispute management contexts where there is a broad range of other motivations for settling. Decision models offer even further support for the use of final-offer arbitration in such settings.
KW - industrial big data
KW - Labor arbitration
KW - Labor disputes
KW - Proactive Monitoring
KW - Sports arbitration baseball
UR - https://unf-flvc.primo.exlibrisgroup.com/discovery/openurl?institution=01FALSC_UNF&vid=01FALSC_UNF:UNF&rft.epage=247&rft.volume=32&rft_id=info:doi%2F10.1111%2Fj.1468-232X.1993.tb01029.x&rfr_id=info:sid%2Fwiley&rft.jtitle=Industrial%20Relations:%20A%20Journal%20of%20Economy%20and%20Society&rft.genre=article&rft.issue=2&url_ver=Z39.88-2004&rft.date=1993&rft.spage=238&rft.atitle=Convergence%20or%20Divergence%20in%20Final%E2%80%90Offer%20Arbitration%20in%20Professional%20Baseball&rft.title=Industrial%20Relations:%20A%20Journal%20of%20Economy%20and%20Society&rft.issn=0019-8676
U2 - 10.1111/j.1468-232X.1993.tb01029.x
DO - 10.1111/j.1468-232X.1993.tb01029.x
M3 - Article
VL - 32
SP - 238
EP - 247
JO - Industrial Relations
JF - Industrial Relations
IS - 2
ER -