A Theory of Partnership Dynamics
A Theory of Partnership Dynamics
复制标题
伙伴关系动力学理论
DOI:
10.1006/game.1996.0007
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发表时间:
1996
影响因子:
1.1
通讯作者:
David Roth
中科院分区:
文献类型:
--
作者:
David Roth
Abstract This paper explores the benefits and drawbacks of potential partnership dissolution through an infinite-period, dynamic game-theoretic model of learning and endogenous dissolution. As partners learn about the quality of their partnership relative to their outside opportunities, the rents associated with the partnership change, effecting a related change in the strength of incentives to provide effort. Mild supermodularity conditions lead to effort levels in the optimal equilibria which rise in the expected quality of the partnership. Journal of Economic Literature Classification Numbers: C72, C73, L14.