Stephanie Rosenkranz and Patrick W. Schmitz
Economics Letters, Vol. 63 (2), 1999, 181-185.
Abstract. When two parties invest in human capital and at the same time decide on know-how disclosure it can be shown that joint ownership with veto power is the optimal ownership structure, given that only incomplete contracts can be written.
The working paper version is available for download at SSRN.
The paper is available for download.