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Partnership dissolution, complementarity, and investment incentives

Jianpei Li and Elmar Wolfstetter.

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...

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