Schmitz, Patrick W. - Volkswirtschaftliche Fakultät, … - 2013
implications of different degrees of relationship-specificity when there are two parties, A and B, who can make investments in … physical capital (instead of human capital). If relationship-specificity is exogenously given, it turns out that joint asset … ownership can be optimal only if the degree of relationship-specificity is sufficiently small. If relationship-specificity can …