The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd


  • John T. Dunlop
Reference work entry


Arbitration is the process of resolving disputes between two or more parties in which an individual or a board of arbitrators is authorized to appraise the facts and contending positions and to render a decision binding on the parties to the proceeding.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • John T. Dunlop
    • 1
  1. 1.