Abstract
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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Dunlop, J.T. (2018). Arbitration. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_464
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DOI: https://doi.org/10.1057/978-1-349-95189-5_464
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