Affordable Access

Download Read

Inequity Aversion and Incentives

Authors
Publisher
Ludwig-Maximilians-Universität München
Keywords
  • Volkswirtschaftliche FakultäT

Abstract

Inequity Aversion and Incentives Inequity Aversion and Incentives Three Essays in Microeconomic Theory Inaugural-Dissertation zur Erlangung des Grades Doctor oecomomiae publicae (Dr. oec. publ.) an der Ludwig-Maximilians-Universita¨t Mu¨nchen 2004 vorgelegt von Ferdinand von Siemens Referent: Prof. Sven Rady, Ph.D. Korreferent: Prof. Dr. Klaus M. Schmidt Promotionsabschlussberatung: 21. Juli 2004 Acknowledgements First and foremost, I would like to thank my supervisor Sven Rady for his superb research support, encouragement and patience. I am also indebted to Klaus Schmidt and my co- author Bjo¨rn Bartling, who were and hopefully continue to be a great source of inspiration and motivation. Equally, I would like thank my colleagues Manuela Beckstein, Georg Gebhardt, Florian Herold, and Markus Reisinger, who provided me with a very pleasurable work and research environment at the Ludwig-Maimilians-Universita¨t in Munich. Many other friends and col- leagues contributed comments and suggestions. Too numerous to be mentioned by name I thank all of them. Furthermore, I would like to thank the Faculty of Economics and Politics and Darwin College at Cambridge University for the hospitality they offered me as a visiting Ph.D. student in the academic year 2001-2002. Financial support from the European Commission, grant no. HMPT-CT-2000-00056, is gratefully acknowledged. Last but not least, I dedicate my thesis to my wife Nicole. Only her loving support and inexhaustible patience made all of this possible. Contents Preface iii 1 Incomplete Contracts and the Hold-Up Problem 1 1.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1.2 The Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1.2.1 Investment, Bargaining, and Sequence of Actions . . . . . . . . . . . . 6 1.2.2 Buyer’s and Seller’s Preferences . . . . . . . . . . . . . . . . . . . . . . 6 1.2.3 Perfect

There are no comments yet on this publication. Be the first to share your thoughts.