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Efficiency in Partnership When The Joint Output is Uncertain


  • Steven R. Williams
  • Roy Radner


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Suggested Citation

  • Steven R. Williams & Roy Radner, 1988. "Efficiency in Partnership When The Joint Output is Uncertain," Discussion Papers 760, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  • Handle: RePEc:nwu:cmsems:760

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    References listed on IDEAS

    1. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
    2. Roy Radner, 1986. "Repeated Partnership Games with Imperfect Monitoring and No Discounting," Review of Economic Studies, Oxford University Press, vol. 53(1), pages 43-57.
    3. Roy Radner & Roger Myerson & Eric Maskin, 1986. "An Example of a Repeated Partnership Game with Discounting and with Uniformly Inefficient Equilibria," Review of Economic Studies, Oxford University Press, vol. 53(1), pages 59-69.
    4. Bengt Holmstrom, 1982. "Moral Hazard in Teams," Bell Journal of Economics, The RAND Corporation, vol. 13(2), pages 324-340, Autumn.
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    Cited by:

    1. Patrick Legros & Steven A. Matthews, 1993. "Efficient and Nearly-Efficient Partnerships," Review of Economic Studies, Oxford University Press, vol. 60(3), pages 599-611.
    2. Battaglini, Marco, 2006. "Joint production in teams," Journal of Economic Theory, Elsevier, vol. 130(1), pages 138-167, September.
    3. Miller, Nolan H., 1997. "Efficiency in Partnerships with Joint Monitoring," Journal of Economic Theory, Elsevier, vol. 77(2), pages 285-299, December.
    4. Drew Fudenberg & David K. Levine & Eric Maskin, 1996. "Balanced-Budget Mechanisms with Incomplete Information," Levine's Working Paper Archive 59, David K. Levine.
    5. Eric Maskin, 2001. "Roy Radner and Incentive Theory," Economics Working Papers 0004, Institute for Advanced Study, School of Social Science.

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