Different models of arbitration have both advantages and disadvantages. The disadvantages relate to expense, time, undue formality and the tendency of arbitrators to ‘split the difference’ between claims made. Final-offer arbitration is a response to the disadvantages of conventional arbitration as an effective method of solving disputes.
4, Article 1.
Available at: http://epublications.bond.edu.au/adr/vol10/iss4/1