Эксоцман
на главную поиск contacts

Dissolving a Partnership Efficiently

Опубликовано на портале: 22-01-2007
Econometrica. 1987.  Vol. 55. No. 3. P. 615-632. 
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 dissolve the partnership ex post efficiently. A bidding game is constructed that achieves such dissolution whenever it is possible. Despite incomplete information about the valuation of the asset, a partnership can be dissolved ex post efficiently provided no single partner owns too large a share; this contrasts with Myerson and Satterthwaite's result that ex post efficiency cannot be achieved when the asset is owned by a single party.

Ссылки
текст статьа в формате pdf на сайте JSTOR:
http://www.cramton.umd.edu/papers1984-1989/87econ-dissolving-a-partnership-efficiently.pdf
BiBTeX
RIS
Ключевые слова

См. также:
Нина Олеговна Воскресенская
Journal of Institutional Studies (Журнал институциональных исследований). 2017.  Т. 9. № 3. С. 164-180. 
[Статья]
Александр Петрович Михайлов, Вячеслав Анатольевич Шведовский, Владислав Жанович Келле
Социология: методология, методы и математическое моделирование (Социология: 4М). 2001.  № 13. С. 114-122. 
[Статья]
Виктор Алексеевич Кардаш
TERRA ECONOMICUS. 2007.  Т. 5. № 4. С. 22-30. 
[Статья]
Geoffrey A. Jehle, Philip John Reny
[Книга]
Paul Anthony Samuelson
[Книга]
Drew Fudenberg, Jean Tirole
[Книга]