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Articles 1 - 3 of 3
Full-Text Articles in Business
Saving Plants And Jobs: Union-Management Negotiations In The Context Of Threatened Plant Closing, Paul F. Gerhart
Saving Plants And Jobs: Union-Management Negotiations In The Context Of Threatened Plant Closing, Paul F. Gerhart
Upjohn Press
Gerhart uses a case study approach to examine why plants become economically inviable as well as how to prevent this from happening prematurely.
Dissolving A Partnership Efficiently, Peter Cramton, Robert Gibbons, Paul Klemperer
Dissolving A Partnership Efficiently, Peter Cramton, Robert Gibbons, Paul Klemperer
Peter Cramton
Several partners jointly own an asset that may be traded among them. Each partner has a valuation for the asset; the valuations are known privately and drawn independently from a common probability distribution. We characterize the set of all incentive-compatible and interim-individually-rational trading mechanisms, and give a simple necessary and sufficient condition for such mechanisms to dissolve the partnership ex post efficiently. A bidding game is constructed that achieves such dissolution whenever it is possible. Despite incomplete information about the valuation of the asset, a partnership can be dissolved ex post efficiently provided no single partner owns too large a …
Tax Base Sharing: Simulations For Kalamazoo County, Timothy L. Hunt
Tax Base Sharing: Simulations For Kalamazoo County, Timothy L. Hunt
Upjohn Press
Uses historical data to simulate the effects of tax base sharing.