In commercial arbitration, two decision makers, the arbitrator and the cour
t, have authority over different aspects of the arbitrated dispute. The dis
tribution of decision making, while not inevitable, is a persistent and pre
valent part of the law of domestic and international commercial arbitration
. Professor Walt's article analyzes this allocation.
Professor Walt criticizes contractual and regulatory accounts as unable to
explain or justify, it. He defends a contractarian analysis, based on the d
istribution of decision making as a choice of a specified group under speci
fied conditions of choice. In doing so Professor Walt justifies each of fou
r decision-mating allocations recognized in commercial arbitration. He then
uses the contractarian approach described to evaluate a sample of court de
cisions.