What problem with conventional arbitration is resolved


Problem

1. Those who bargain ruthlessly and are intent on maximizing their personal gain are sometimes called "hawks." "Doves" give in easily, favoring peaceful accord over the potential gains from conflict. The presence of a "dove" makes settlement more likely. What is a possible drawback to settlement achieved because one party succumbed too easily? What are some other means by which to gain agreement?

2. What potential problem with conventional arbitration is resolved by final offer arbitration?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What problem with conventional arbitration is resolved
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