Shotgun Mechanisms for Common-Value Partnerships: The Unassigned-Offeror Problem
Shotguns clauses are commonly included in the business agreements of partnerships and limited liability companies (LLCs), but the role of o fferor typically remains unassigned. In a common-value, one-sided asymmetric information setting, unfair and ineffcient outcomes occur with an unassigned o fferor. Experimental results are aligned with our theory.
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- María-Angeles de Frutos & Thomas Kittsteiner, 2008.
"Efficient partnership dissolution under buy-sell clauses,"
RAND Journal of Economics,
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- Che, Yeon-Koo & Hendershott, Terrence, 2008. "How to divide the possession of a football?," Economics Letters, Elsevier, vol. 99(3), pages 561-565, June.
- Che, Yeon-Koo & Hendershott, Terrence, 2006. "How to Divide the Possession of a Football?," MPRA Paper 6103, University Library of Munich, Germany.
- Vincent P. Crawford, 1977. "A Game of Fair Division," Review of Economic Studies, Oxford University Press, vol. 44(2), pages 235-247.
- Landeo, Claudia & Spier, Kathryn, 2013. "Shotguns and Deadlocks," Working Papers 2013-5, University of Alberta, Department of Economics. Full references (including those not matched with items on IDEAS)
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