Hougaard, Jens Leth; Moreno-Ternero, Juan D.; Tvede, Mich; … - Institut for Virksomhedsledelse og Økonomi, Syddansk … - 2015
We consider the problem of distributing the proceeds generated from a joint venture in which the participating agents are hierarchically organized. We characterize a family of allocation rules ranging from the so-called zero-transfer rule (which awards agents in the hierarchy their individually...