We study asymmetric partnerships and show that efficient dissolution is possible if critical types (where participation constraints bind) are equal. Ownership structures guaranteeing equal critical types always exist, but can be extremely unequal.
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- Cramton, Peter & Gibbons, Robert & Klemperer, Paul, 1987.
"Dissolving a Partnership Efficiently,"
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- Makowski, L. & Mezzetti, C., 1989. "The Possibility Of Efficient Mechanisms For Trading In Indivisible Object," Papers 344, California Davis - Institute of Governmental Affairs.
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