{"product_id":"economic-analysis-of-the-arbitrators-bruno-guandalini-9789403522654","title":"Economic Analysis of the Arbitrator's Function","description":"\u003cp\u003e\u003cstrong\u003eEconomic Analysis of the Arbitrator's Function\u003c\/strong\u003e\u003c\/p\u003e \u003cp\u003e\u003cem\u003eBruno Guandalini\u003c\/em\u003e\u003c\/p\u003e \u003cp\u003eArbitration has become an important market, where arbitrators are rational economic agents maximizing their utility. Although this is self-evident, it is rarely discussed. This penetrating book is the first to comprehensively analyze the market for arbitrators and arbitrators' economic role within it.\u003c\/p\u003e \u003cp\u003eIn great depth, the author tackles such salient issues as the following: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eeffect of perceived inefficiencies and high costs on arbitration legitimacy;\u003c\/li\u003e \u003cli\u003ealleged commercialization of the arbitrator's function;\u003c\/li\u003e \u003cli\u003epossible ethical problem raised by financial remuneration for rendering justice;\u003c\/li\u003e \u003cli\u003ewhat motivates a person to arbitrate;\u003c\/li\u003e \u003cli\u003emarket for arbitrators' functioning and failures, providing a better understanding of how actors could behave in such a specific market;\u003c\/li\u003e \u003cli\u003estructural and artificial entry barriers;\u003c\/li\u003e \u003cli\u003eeffect of an arbitrator's strategic behavior on the arbitrator's function;\u003c\/li\u003e \u003cli\u003elimitations on an arbitrator's rationality; and\u003c\/li\u003e \u003cli\u003epreventing and correcting these limitations.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eNumerous references to customs and procedures in major arbitral jurisdictions and to international laws and conventions affecting the efficiency of the arbitrator's function are included. Pursuing a non-prescriptive analysis, the author draws on the discipline of law and economics, rational choice theory, behavioral economics, and psychological work on bounded rationality.\u003c\/p\u003e \u003cp\u003eUnderstanding the arbitrator's function as a legal institution that is influenced by the market, this pioneer in developing and systematizing the study of the market for arbitrators and how it works will prove of inestimable value to all stakeholders in the arbitration market. Arbitrators, policymakers, regulators, and academics will be enabled to open the way to a more efficient market for arbitrators and betterment in arbitration worldwide.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Bruno Guandalini\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 9403522658\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9789403522654\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Kluwer Law International\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/16\/2020\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 488\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.05lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.80h x 6.30w x 1.30d","brand":"Bruno Guandalini","offers":[{"title":"Hardcover","offer_id":46024811020543,"sku":"9789403522654","price":212.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_2944cdb0-a76a-4ca9-8640-39e5273114cf.jpg?v=1723129262","url":"https:\/\/www.whiterainbookhouse.com\/products\/economic-analysis-of-the-arbitrators-bruno-guandalini-9789403522654","provider":"WR Book House","version":"1.0","type":"link"}