Authors:

  • Kathryn E. Spier

Excerpt

Irreconcilable Differences: Judicial Resolution of Business Deadlock. Kathryn E. Spier, June 19, 2013, Paper. "This article studies the judicial resolution of business deadlock. Asset valuation, a necessary component of business divorce procedures, can pose serious problems in cases of closely-held businesses, such as general partnerships and limited liability companies (LLCs). Courts face the challenge of designing valuation mechanisms that will trigger the owners to truthfully reveal their private information. We theoretically and experimentally assess the ex post judicial design..." May require purchase or user account. Link