Dissolving a Partnership Efficiently
نویسندگان
چکیده
منابع مشابه
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. We characterize the set of all incentive-compatible and interim-individually-rational trading mechanisms, and give a simple necessary and sufficient condition for such mechanisms to dis...
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ژورنال
عنوان ژورنال: Econometrica
سال: 1987
ISSN: 0012-9682
DOI: 10.2307/1913602