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The four regions in settlement space: a game-theoretical approach to investment treaty arbitration. Part II: cases
Law, Probability and Risk ( IF 0.7 ) Pub Date : 2017-12-26 , DOI: 10.1093/lpr/mgx019
Mark Broom 1 , David Collins 1 , Trung Hieu Vu 1 , Philip Thomas 2
Affiliation  

Following from Part I of this paper, which introduced the notion of decision-modelling for investor-state arbitration, Part II of the paper uses the game theoretic notions developed in Part I to explore the question of why a relatively large fraction of investor-state disputes proceed to arbitration tribunals. Likely explanations are advanced. The detailed mathematical model derived in Part I of the paper is then used to analyse 31 cases where an investor-state dispute has been judged by an arbitration tribunal. Auxiliary mathematics are developed to identify the relevant averages and variances, which are then calculated from the full data set. Three sample cases are analysed in greater detail, with the model results being compared against the actual awards. It is concluded that applying the mathematical model of the international arbitration process developed in Part I together with the data analysis laid out in Part II will provide useful insight and guidance to both parties involved or likely to be involved in a dispute between investor and state.

中文翻译:

定居空间中的四个区域:投资条约仲裁的博弈论方法。第二部分:案例

继本文第一部分介绍了投资者与国家仲裁的决策建模概念之后,本文的第二部分使用在第一部分中发展的博弈论概念来探讨为什么投资者与国家仲裁的比例相对较大的问题争议提交仲裁庭。可能的解释是先进的。然后使用本文第一部分中推导出的详细数学模型来分析仲裁庭对投资者与国家之间的争议作出裁决的 31 个案例。开发辅助数学来识别相关的平均值和方差,然后从完整的数据集中计算出来。更详细地分析了三个样本案例,并将模型结果与实际奖励进行了比较。
更新日期:2017-12-26
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