Essays in dynamic contract theory [Elektronische Ressource] / vorgelegt von Sebastian Köhne

Essays in Dynamic Contract TheoryInauguraldissertationzur Erlangung des akademischen Gradeseines Doktors der Wirtschaftswissenschaftender Universit¨at Mannheimvorgelegt vonSebastian K¨ohneMannheim, Mai 2010Dekan: Prof. Tom Krebs, Ph.D.Referent: Prof. Dr. Ernst-Ludwig von ThaddenKorreferent: Prof. Nicola Pavoni, Ph.D.Tag der mu¨ndlichen Pru¨fung: 28. Juni 2010iiAcknowledgementsFirst of all, I wish to thank my advisor Ernst-Ludwig von Thadden for his invaluableguidance throughout the process of writing this thesis. My research has benefited a lotfrom his deep knowledge about contract theory, the great research environment at hischair, and his very constructive feedback on my results. I am deeply indebted for theencouragement and support I have received during the last five years.IalsowishtothankNicolaPavoniforhisinvaluableadviceonmythesisandbeyond. Hissupervision during my visits to the University College London has had a huge impact onmyunderstandingofdynamicpublicfinanceandmacroeconomics. Iamdeeplyindebtedfor his continuous help and confidence in me.´ ´Moreover, I am very grateful to Arp´ad Abrah´am and Nicola Pavoni for the productiveand joyful cooperation on Chapter 4 of this thesis. I am looking forward to futurecollaborations on this topic.Ian Jewitt provided numerous constructive comments on Chapter 3 of this thesis. I amalso very grateful for his help during the job market period.