Partnership: Partnership by Estoppel: Application to Tort Actions

Promises & Partnership

We examine, experimentally and theoretically, how communication within a partnership may mitigate the problem (highlighted in contract theory) of hidden action. What is the form and content of the communication? Which model of decision-making can capture the impact of communication? We consider free-form communication, measure beliefs (about actions and beliefs), and examine which motivational ...

How to Dissolve a Partnership

We survey in a uni...ed framework the recent literature on partnership dissolution in settings where agents have interdependent values. Contrary to the private values case where the main obstacle that hinders the construction of e¢cient trading mechanisms is the asymmetry in initial endowments, we ...nd that informational asymmetries play here a major role. For settings where the ...rst-best ca...

The partnership is dead! Long live the limited liability partnership!

Dissolving a partnership dynamically

In financial disputes arising from divorce, inheritance, or the dissolution of a partnership, frequently the need arises to assign ownership of an indivisible item to one member of a group. This paper introduces and analyzes a dynamic auction for simply and e¢ciently allocating an item when participants are privately informed of their values. In the auction, the price rises continuously. A bidd...

Partnership in cardiovascular medicine

Through several years of work within the Board of the European Society of Cardiology (ESC), we have become increasingly aware of an issue of growing importance for the future, not only for the Society but also for other actors within the framework of cardiovascular medicine, partnership. Thus, we would like to express our thoughts on partnership between professional organizations, healthcare pr...