Why auctions are a better way to resolve business splits
- Written by John Wooders, Professor of Economics at New York University Abu Dhabi and Distinguished Research Professor, University of Technology Sydney
Deciding on the best way to divvy up a business when the owners decide to go their own ways can be tricky. It has to be fair in the eyes of everyone involved, but what if everyone has different expectations?
When people first form a business partnership, they’re often advised to sign a binding contract that specifies how the assets will be...