Jehiel, Philippe; Pauzner, Ady - In: RAND Journal of Economics 37 (2006) 1, pp. 1-22
We study partnership dissolution when valuations are interdependent and only one party is informed. In contrast with the case of private values (Cramton, Gibbons, and Klemperer, 1987), in which efficient trade is feasible whenever initial shares are about equal, there exists a wide class of...