Dissolving Multi-Partnerships Efficiently∗
نویسندگان
چکیده
I study a market where agents with unit demand jointly own heterogeneous goods. In this market, the existence of an efficient, incentive compatible, individually rational, and budget balanced mechanism depends on the shares of the agents. I characterize the set of shares for which having such a mechanism is possible. This set includes the symmetric allocation and excludes the allocation in which every agent owns a separate good. An implication of the results is that partnerships should be formed on equal shares ex ante to make it possible for future dissolution. JEL: C72, D44, D82, L14.
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