Partnerships are the prevalent organizational form in many industries. Most partnerships share profits equally among …

Partnerships are the prevalent organizational form in many industries. Most partnerships share profits equally among …

Partnerships are the prevalent organizational form in many industries. Profits are most frequently shared equally among … averse partners the equal sharing rule is the unique sharing rule that maximizes the agents' incentives to exert effort. We … further show that inequity aversion can enhance efficiency in partnerships of given size, but that it can also cause …

of retaining them but do not maximize their productivity. By contrast, equity partnerships assign tasks to their partners … a novel rationale for the widespread presence of partnerships in professional services and for the tendency to move from …

; optimism ; incentives ; signals ; stock options …