2012
DOI: 10.1016/j.econlet.2011.12.083
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Asymmetric partnerships

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Cited by 13 publications
(13 citation statements)
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“…For private values (where η (x) = 0 for all x), this corresponds exactly to the revenue maximizing shares under ex post efficiency obtained by Che (2006) and Figueroa and Skreta (2012). For η (x) = 0, this generalizes the results of those authors to interdependent values.…”
Section: Optimal Ownership Structuresmentioning
confidence: 55%
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“…For private values (where η (x) = 0 for all x), this corresponds exactly to the revenue maximizing shares under ex post efficiency obtained by Che (2006) and Figueroa and Skreta (2012). For η (x) = 0, this generalizes the results of those authors to interdependent values.…”
Section: Optimal Ownership Structuresmentioning
confidence: 55%
“…For η (x) = 0, this generalizes the results of those authors to interdependent values. In contrast to the private values case where, as observed by Figueroa and Skreta (2012), all agents have strictly positive shares, the asymmetry in E[η(X i )] under interdependent values may result in an extreme ownership structure where some agents get zero shares.…”
Section: Optimal Ownership Structuresmentioning
confidence: 88%
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“…4 With one-dimensional types v ≡ u, a dissolvable partnership exists even if types are not identically (but still independently) distributed (see Schweizer, 2006). Moreover, the ownership structure in a dissolvable partnership matches the expected equilibrium allocation (see Segal and Whinston, 2011), and the marginal types are interior (see Figueroa and Skreta, 2012). See also Yenmez (2012), who extends CGK's results to dissolution of joint ownership of multiple assets.…”
Section: Introductionmentioning
confidence: 84%
“…With uv, Figueroa and Skreta () provide the characterization of dissolvable partnerships based on the location of the marginal types but do not offer such intuition.…”
mentioning
confidence: 99%