The merits and drawbacks of privatization have been subjects of considerable debate among business-people, city leaders, and public employees alike. Indeed, each element of privatization—from its apparent cost-saving properties to its possible negative impact on minority workers—provokes strong reaction. About the only thing that everyone can agree on is that the trend has been enormously benef...

The success of the various countries can often be linked to the type of privatization that was followed to take businesses from state-owned enterprises to joint stock companies to public companies (Djankov S., G. Pohl, 1996), (Carlin W., M. Landesmann, 1997). In general there are three types of privatization process: the first one is a mass privatization model, state-owned assets being distribu...

Investor–state arbitration, also called investment arbitration, is often accused of harming developing states facing economic hardship for the benefit of a wealthy few from the Global North. Its proponents respond that it is the only available means to resolve disputes impartially, and that its increased use clarifies international law. In this article, the authors investigate the empirical man...

Input-output queued switches have been widely considered as the most feasible solution for large capacity packet switches and IP routers. The challenge is to develop a high speed and cost-effective arbitration scheme to maximize the switch throughput and delay performance for supporting multimedia services with various quality-of-service (QoS) requirements. In this paper, we propose a ping-pong...

Arbitration is the process of settling a conflict between two or more persons[Liberatore and Schaerf, 1995; Revesz, 1993; 1997]. The first version of the arbitration operator between knowledge bases is proposed in [Revesz, 1993] via the socalled model-fitting operators. The postulates for modelfitting operators and the corresponding semantic characterization are presented. Arbitration is define...

This article argues that arbitration offers a valuable and efficient alternative to the judicial resolution of disputes in a variety of areas, particularly in maritime law. MARITIME ARBITRATION AND THE FEDERAL COURTS

In the 1970's, Michigan and other states were confronted with a medical malpractice crisis of astronomical proportions. The escalating number of medical malpractice lawsuits and concomitant increase in malpractice premiums for health care providers fostered a divisive climate among doctors, lawyers and patients. In response to this crisis, the Michigan legislature enacted the Medical Malpractic...

The scope of the public sector (i.e. what activities are undertaken by public rather than private entities) is a decision made by politicians. While there are economic costs and benefits to privatization, there is also a political benefit to incumbents: By privatizing today, politicians transfer future revenues (when they might not be in office) to the present. This political benefit leads to o...