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A Senate version would make binding arbitration available in future disputes.
Politicians can't make binding commitments as easily as businesspeople do.
Shareholders can make binding votes only on a company's executive pay policy, which sets out a three-year plan.
As the economist William Nordhaus has written, there is "no mechanism by which global citizens can make binding collective decisions".
In cooperative games players can communicate and, most important, make binding agreements; in noncooperative games players may communicate, but they cannot make binding agreements, such as an enforceable contract.
If you decide to let your agent negotiate on your behalf, don't give him the authority to make binding decisions.
Raising this issue might also inspire parties to seek greater authority from their superiors to make binding decisions.
Mediators cannot make binding rulings, but they can try to narrow some of the issues.
The failure of policymakers to make binding commitments at the Rio+20 Summit resulted, at best, in a lowest common denominator agreement that delivers few real benefits.
Oracle would also make binding guarantees to companies and individuals that already use MySQL that Oracle would not pursue intellectual property claims.
The Patrolmen's Benevolent Association and the city will begin arbitration hearings today in which a three-person panel will make binding recommendations on wages and benefits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com