Publisher's Synopsis
Excerpt from The Role of the Industrial Relations System in Achieving National Economic Objectives: The U. S. Experience
Compared to mediation and fact-finding, arbitration is better and does prevent strikes. There is little chilling of bargaining, in other words, parties do not take cases to arbitration before they seriously bargain.
And while there is some continued use of arbitration (what some researchers call the narcotic effect) it is not high and probably these jurisdictions would have trouble resolving their contract negotiations; In any event arbitration is an equitable resolution technique.
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