Synopsis By: Goldman - Proceeding Author: Bernard Cushman, Morrison Handsaker, John Waddleton

The author recommends the voluntary arbitration of disputes over new contract terms, but only after collective bargaining and mediation have failed, as a preferable alternative to strikes or government imposed compulsory arbitration. Objections such as the risk of an extreme award are addressed. Alternative methodologies are described for the avoidance of unreasonable awards.