1 Suppose that instead of mediation, you have to arbitrate adispute. Would you prefer abindingorincentivearbitration structure?Does it depend on the nature of the dispute? Or the disputants?Explain your choice.Based on your answer to #1, which type of award model would you prefer for your dispute? Would you allow the arbitrator to have unrestricted discretion? Would you instead prefer to set mutual limits on such awards? Or would you rather use a 'final offer selection'-type strategy? Explain your answer.