How to Dissolve a Partnership
نویسنده
چکیده
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 cannot be achieved, we study incentive-e¢cient mechanisms or other well-performing simple mechanisms whose rules do not depend on the exact speci...cation of the models’
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