Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
We experimentally compare two partnership dissolution mechanisms, the widely-used buy–sell clause and the winner’s bid auction. While standard theory does well in organizing many laboratory patterns, it does not easily capture that many subjects bid valuations, especially in the buy–sell clause. As a result of this behavior, the buy–sell clause weakly outperforms the auction with respect to efficiency.