Arbeitspapier
Equal Sharing Rules in Partnerships
Partnerships are the prevalent organizational form in many industries. Most partnerships share profits equally among the partners. Following Kandel and Lazear (1992) it is often argued that ``peer pressure'' mitigates the arising free-rider problem. This line of reasoning takes the equal sharing rule as exogenously given. The purpose of our paper is to show that with inequity averse partners - a behavioral assumption akin to peer pressure - the equal sharing rule arises endogenously as an optimal solution to the incentive problem in a partnership.
- Sprache
-
Englisch
- Erschienen in
-
Series: Munich Discussion Paper ; No. 2007-29
- Klassifikation
-
Wirtschaft
Production and Organizations: General
Economics of Contract: Theory
Producer Cooperatives; Labor Managed Firms; Employee Ownership
- Thema
-
equal sharing rule
partnerships
incentives
peer pressure
inequity aversion
Unternehmenskooperation
Gewinnverwendung
Gerechtigkeit
Vertragstheorie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bartling, Björn
Siemens, Ferdinand von
- Ereignis
-
Veröffentlichung
- (wer)
-
Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
- (wo)
-
München
- (wann)
-
2007
- DOI
-
doi:10.5282/ubm/epub.2027
- Handle
- URN
-
urn:nbn:de:bvb:19-epub-2027-1
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Bartling, Björn
- Siemens, Ferdinand von
- Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
Entstanden
- 2007
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