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Know-how disclosure and incomplete contracts

Listed author(s):
  • Rosenkranz, Stephanie
  • Schmitz, Patrick W.

When two parties invest in human capital and at the same time decide on know-how disclosure it can be shown that joint ownership with veto power is the optimal ownership structure, given that only incomplete contracts can be written.

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File URL: https://mpra.ub.uni-muenchen.de/12533/1/MPRA_paper_12533.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12533.

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Date of creation: 1999
Handle: RePEc:pra:mprapa:12533
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  1. Oliver Hart & John Moore, 1988. "Property Rights and the Nature of the Firm," Working papers 495, Massachusetts Institute of Technology (MIT), Department of Economics.
  2. Gandal, N. & Scotchmen, S., 1991. "Coordinating Research Through Research Joint Ventures," Papers 6-91, Tel Aviv.
  3. Bhattacharya, Sudipto & Glazer, Jacob & Sappington, David E. M., 1992. "Licensing and the sharing of knowledge in research joint ventures," Journal of Economic Theory, Elsevier, vol. 56(1), pages 43-69, February.
  4. Che, Y.K. & Hausch, D.B., 1997. "Cooperative Investments and the Value of Contracting," Working papers 9714, Wisconsin Madison - Social Systems.
  5. D'Aspremont, C. & Bhattacharya, S. & Gerard-Varet, L.A., 1995. "Bargaining and Sharing Knowledge," G.R.E.Q.A.M. 95a43, Universite Aix-Marseille III.
  6. Maija Halonen, 2002. "Reputation And The Allocation Of Ownership," Economic Journal, Royal Economic Society, vol. 112(481), pages 539-558, July.
  7. Moore, John, 1992. "The firm as a collection of assets," European Economic Review, Elsevier, vol. 36(2-3), pages 493-507, April.
  8. David de Meza & Ben Lockwood, 1998. "Does Asset Ownership Always Motivate Managers? Outside Options and the Property Rights Theory of the Firm," The Quarterly Journal of Economics, Oxford University Press, vol. 113(2), pages 361-386.
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