Comino, Stefano; Nicolò, Antonio; Tedeschi, Piero - In: European Economic Review 54 (2010) 5, pp. 718-732
We show that when designing a partnership agreement partner firms may prefer not to specify how to allocate the commonly owned assets should there be an early termination of the contract. By not including such a clause, firms induce litigation before a Court with positive probability. Firms...