Final-offer arbitration is attracting attention as a means of resolving impasses in collective bargaining. Unlike other forms of arbitration, which may have a "narcotic effect" on bargaining, it provides a unique stimulus to negotiating a settlement prior to final adjudication. This article examines the final-offer procedure and its implementation in various settings, including disputes over professional baseball salaries. Results indicate that this process can provide an outcome favorable to the bargaining parties and the public as well.
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