Partnerships based on joint ownership

DOI10.1016/J.GEB.2024.01.007MaRDI QIDQ6494263zbMATH OpenWikidataFDO

Authors Matthias Blonski, Daniel Herbold

Publication date 30 April 2024

Published in Games and Economic Behavior (Search for Journal in Brave)

zbMATH Keywords

relational contractsproperty rightsrenegotiationjoint ownershipcoase theorem

Mathematics Subject Classification ID

Multistage and repeated games (91A20) Contract theory (moral hazard, adverse selection) (91B41)

Recommendations

• Joint ownership and the hold-up problem under asymmetric information
• Optimal ownership in joint ventures with contributions of asymmetric partners
• Incomplete contracts, limited liability, and the optimality of joint ownership
• Optimal structure and dissolution of partnerships
• Two Remarks on the Property-Rights Literature

Cites work

• A theory of disagreement in repeated games with bargaining
• Infinitely repeated games with public monitoring and monetary transfers
• Prisoners' other dilemma
• Relational Contracts and the Theory of the Firm
• Relational Incentives and Moral Hazard in Teams
• Renegotiation-proof relational contracts
• Subjective Performance Measures in Optimal Incentive Contracts
• The interaction of implicit and explicit contracts in repeated agency
• Toward a Theory of Discounted Repeated Games with Imperfect Monitoring

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