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- Pendulum_arbitration abstract "Pendulum arbitration, otherwise known as final offer arbitration (or \"FOA\"), is a type of interest arbitration in which the arbitrator chooses one of the parties' proposals on each (or perhaps all) disputed issues. For example, in the case of labor collective bargaining, a trade union may demand a wage increase of 7% and the management may offer 3%. The arbitrator's decision has to choose between awarding a 3% or a 7% increase. This procedure is opposed to conventional interest arbitration, in which the parties present evidence and the arbitrator acts as fact-finder and crafts an award. In disputes over labor contracts, this dispute resolution procedure is known to be a common type of contract arbitration. Perhaps the most well-known instance is salary arbitration in Major League Baseball, where a certain class of players may elect to arbitrate their salary instead of accepting their team's salary offer. Final-offer arbitration is widely used to determine public union contracts in the United States, either as a substitute for collective bargaining or as a mechanism to determine the contract when bargaining has failed. A primary purpose and effect of FOA is to encourage the parties to arrive at a settlement by introducing uncertainty into the arbitration procedure. Parties who fail to compromise during negotiations risk a total loss on some or all arbitrated issues under FOA. This uncertainty is considered a \"cost\" of arbitration that the parties can avoid by settling, even if the settlement is among the desired outcomes. By contrast, in conventional arbitration, parties are more likely to call on the arbitrator to decide disputed issues by crafting a \"reasonable\", middle-ground award. In addition to promoting settlement, use of FOA leads parties to adopt reasonable positions during the arbitration, because an unreasonable position will almost certainly be rejected in favor of a more reasonable competing proposal.".
- Pendulum_arbitration wikiPageID "5529992".
- Pendulum_arbitration wikiPageLength "3185".
- Pendulum_arbitration wikiPageOutDegree "10".
- Pendulum_arbitration wikiPageRevisionID "496197317".
- Pendulum_arbitration wikiPageWikiLink Arbitral_tribunal.
- Pendulum_arbitration wikiPageWikiLink Category:Arbitration.
- Pendulum_arbitration wikiPageWikiLink Collective_bargaining.
- Pendulum_arbitration wikiPageWikiLink Contract_arbitration.
- Pendulum_arbitration wikiPageWikiLink Dispute_resolution.
- Pendulum_arbitration wikiPageWikiLink Interest_arbitration.
- Pendulum_arbitration wikiPageWikiLink José_Piñera.
- Pendulum_arbitration wikiPageWikiLink Major_League_Baseball.
- Pendulum_arbitration wikiPageWikiLink Major_League_Baseball_transactions.
- Pendulum_arbitration wikiPageWikiLink Trade_union.
- Pendulum_arbitration wikiPageWikiLinkText "Pendulum Arbitration".
- Pendulum_arbitration wikiPageWikiLinkText "arbitration".
- Pendulum_arbitration wikiPageWikiLinkText "pendulum arbitration".
- Pendulum_arbitration wikiPageUsesTemplate Template:Refimprove.
- Pendulum_arbitration wikiPageUsesTemplate Template:Reflist.
- Pendulum_arbitration subject Category:Arbitration.
- Pendulum_arbitration hypernym Arbitration.
- Pendulum_arbitration comment "Pendulum arbitration, otherwise known as final offer arbitration (or \"FOA\"), is a type of interest arbitration in which the arbitrator chooses one of the parties' proposals on each (or perhaps all) disputed issues. For example, in the case of labor collective bargaining, a trade union may demand a wage increase of 7% and the management may offer 3%. The arbitrator's decision has to choose between awarding a 3% or a 7% increase.".
- Pendulum_arbitration label "Pendulum arbitration".
- Pendulum_arbitration sameAs Q1535524.
- Pendulum_arbitration sameAs Pendelschlichtung.
- Pendulum_arbitration sameAs m.0dr34q.
- Pendulum_arbitration sameAs Q1535524.
- Pendulum_arbitration wasDerivedFrom Pendulum_arbitration?oldid=496197317.
- Pendulum_arbitration isPrimaryTopicOf Pendulum_arbitration.