haku: @journal_id 1399 / yhteensä: 95
viite: 39 / 95
| Tekijä: | Minehart, D. Neeman, Z. |
| Otsikko: | Termination and coordination in partnerships |
| Lehti: | Journal of Economics and Management Strategy
1999 : SUMMER, VOL. 8:2, p. 191-221 |
| Asiasana: | MANAGEMENT ECONOMICS CO-OPERATION |
| Kieli: | eng |
| Tiivistelmä: | It is common practice for firms to pool their expertise by forming partnerships such as joint ventures and strategic alliances. A central organization problem in such partnerships is that managers may behave noncooperatively in order to advance the interests of their parent firms. The authors ask whether contracts can be designed so that managers will maximize total profits. The authors characterize first best contracts for a variety of environments and show that efficiency imposes some restrictions on the ownership shares. |
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