Frutos, María-Angeles de; Kittsteiner, Thomas - In: RAND Journal of Economics 39 (2008) 1, pp. 184-198
Buy-sell clauses are commonly used contractual provisions to determine the terms of dissolution of partnerships. Under them, one party offers a price for the partnership and the other party chooses whether to sell her share or buy her partner's share at this price. We point out that the...