Browsing by Author "Skreta, Vasiliki"

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    Asymmetric partnerships
    (2012) Figueroa, Nicolas; Skreta, Vasiliki
    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. (C) 2012 Elsevier B.V. All rights reserved.