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URL:/management-science-engineering/events/management-s
 ciences-seminar-yigal-gerchak-partnership-profit
SUMMARY:Management Sciences Seminar | Yigal Gerchak: \"Partnership Profit\n
 Sharing\"
CLASS:PUBLIC
DESCRIPTION:Summary \n\nIn creating a new partnership (“syndicate”)\, w
 hat division of\nuncertain future profit should the parties select? We con
 sider\npartnerships with no substantial initial investment and no moral\nh
 azard. Parties may differ in risk attitudes and beliefs. The common\nappro
 ach is bargaining. We take a different approach: One party\nproposes to th
 e other a contract\, similarly to the principal-agent\napproach.\n 
DTSTAMP:20250910T051401Z
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