Theory and Decision

, Volume 80, Issue 1, pp 125–158 | Cite as

Repeated interactions and endogenous contractual incompleteness

Experimental evidence
  • Jean Beuve
  • Claudine Desrieux


This paper empirically investigates the interaction between repeated transactions and endogenous contractual incompleteness. We design an indefinitely repeated games experiment between identifiable players. In this experiment, the probability of continuation and the level of shared information vary over the treatments. The level of contractual completeness is decided by participants at each period. Our results show that past interactions are a stronger determinant of the level of investment in contractual completeness than the perspective of future business.


Contractual incompleteness Cooperation Repeated games Reputation Experiment 


Conflict of interest

The authors declare that they have no conflict of interest.


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Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  1. 1.Centre d’Economie de la SorbonneParisFrance
  2. 2.Centre de Recherche en Economie et DroitParisFrance

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