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Herold, Florian (2005): The Evolution of Reciprocity, Trust, and the Separation of Powers: Essays on Strategic Interactions under Incomplete Contracting. Dissertation, LMU München: Volkswirtschaftliche Fakultät



This dissertation is composed of three self-contained essays on strategic interactions under incomplete contracting. Chapter 1 considers the evolution of reciprocal preferences in a setting where individuals live in separate groups. Chapter 2 analyzes the costs and benefits of a separation of powers in an incomplete contracts framework. Chapter 3 finally shows that, even when important parts of a relationship could be arranged perfectly by a complete contract, contractual incompleteness can arise endogenously if the proposal of a complete contract is perceived as a signal of distrust.