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Shotgun Mechanisms for Common-Value Partnerships
Claudia M. Landeo
Kathryn E. Spier
其他書名
The Unassigned-Offeror Problem
出版
University of Alberta, Department of Economics
, 2013
URL
http://books.google.com.hk/books?id=Is92zQEACAAJ&hl=&source=gbs_api
註釋
Shotguns clauses are commonly included in the business agreements of partnerships and limited liability companies (LLCs), but the role of offeror typically remains unassigned. In a common-value, one-sided asymmetric information setting, unfair and inefficient outcomes occur with an unassigned offeror. Experimental results are aligned with our theory.