Dissolving a Partnership Efficiently.
Several partners jointly own an asset that may be traded among them. Each partner has a valuation for the asset. The valuations are known privately and drawn independently from a common probability distribution. The authors characterize the set of all incentive-compatible and interim individually-ra...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1987
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