in Oxford Economic Papers
July 2010; p ublished online September 2009 .
Journal Article. Subjects: Game Theory and Bargaining Theory; Firm Objectives, Organization, and Behaviour; Demographic Economics; Information, Knowledge, and Uncertainy; Contract Law. 7984 words.
Partnerships form in order to take advantage of complementary skills; however, new opportunities may arise that make some partners' skills useless. We analyse partnerships that anticipate...