Abstract
Chapters 2 and 3 focus on decision making under uncertainty by a single decision maker. In the remainder of the book all analyses consider settings in which there are multiple decision makers. This chapter considers a simple setting that we call a partnership, although in the literature it is often called a syndicate (e.g., Wilson, 1968). The key concepts introduced are efficient risk sharing and congruent preferences for action and information system choices.
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© 2003 Springer Science+Business Media New York
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Christensen, P.O., Feltham, G.A. (2003). Risk Sharing, Congruent Preferences, and Information in Partnerships. In: Economics of Accounting. Springer Series in Accounting Scholarship, vol 1. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1133-5_4
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DOI: https://doi.org/10.1007/978-1-4615-1133-5_4
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-23932-3
Online ISBN: 978-1-4615-1133-5
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