Question: In this form of arbitration can there be "class action" type decisions?
Can anykind of group be represented in a process?
If yes, then it is theorethically possible to form such group as: Beneficiaries of Amazon Forests, and go forth from this...
For me, this question boils down to the problem of commons in general, and how commons can be handled in arbitration in particular.
From a rational point of view it is the best strategy for even an individual in the tragedy of commons situation to think twice about starting a cascade which kills his own cettle also. (Thus making long trm profitability impossible for the sake of short term realized profit...)
Just thinkin (yet not too deeply)...
Can anykind of group be represented in a process?
If yes, then it is theorethically possible to form such group as: Beneficiaries of Amazon Forests, and go forth from this...
For me, this question boils down to the problem of commons in general, and how commons can be handled in arbitration in particular.
From a rational point of view it is the best strategy for even an individual in the tragedy of commons situation to think twice about starting a cascade which kills his own cettle also. (Thus making long trm profitability impossible for the sake of short term realized profit...)
Just thinkin (yet not too deeply)...
Of course. Any arbitrator will want to maximise his revenue so will encourage class action disputes. If your landing helicopters on your property makes mine less desirable to live in, I can get together my my neighbours and petition you to stop. If you ignore it, we have to go to arbitration.
(btw. welcome back Atlas.)
If you are costing me money, I will ask you nicely to stop. If you refuse, I will ask you to go to arbitration. If you refuse, I have to kill you.
