Similar Search Results

Information Aggregation in Democratic Mechanisms

Britz, Volker - 2016

benefits only if they aggregate their private information. Some members of the society, however, are harmed by socially … desirable policies and aim at manipulating information aggregation by misrepresenting their private information. We show that … information can be aggregated and a socially desirable policy can be implemented under a new class of democratic mechanisms …

Persistent link: https://www.econbiz.de/10012994342

International protection of intellectual property

Grossman, Gene M.; Lai, Edwin L.-C. - 2002

We study the incentives that governments have to protect intellectual property in a trading world economy. We consider a world economy with ongoing innovation in two countries that differ in market size and in their capacities for innovation. We associate the strength of IPR protection with the...

Persistent link: https://www.econbiz.de/10001726845

Modeling Two Macro Policy Instruments - Interest Rates and Aggregate Capital Requirements

Gersbach, Hans - 2013

We present a simple neoclassical model to explore how an aggregate bank-capital requirement can be used as a macroeconomic policy tool and how this additional tool interacts with monetary policy. Aggregate bank-capital requirements should be adjusted when the economy is hit by cost-push shocks...

Persistent link: https://www.econbiz.de/10013092337

Sustainable Climate Treaties

Gersbach, Hans - 2017

We examine long-run treaties for mitigating climate change. Countries pay an initial fee into a global fund that is invested in long-run assets. In each period, part of the fund is distributed among the participating countries in relation to the emission reductions they have achieved in this...

Persistent link: https://www.econbiz.de/10012958888

Labor Policies and Capital Mobility in Theory and in EMU

Bertola, Giuseppe - 2014

“Race-to-the-bottom” deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern...

Persistent link: https://www.econbiz.de/10013048889

Finance, Labour, Capital, and International Integration

Bertola, Giuseppe - 2016

Labour incomes depend on structural as well as politico-economic factors, because labour market policies partially remedy the financial market imperfections that make labour income shocks difficult to insure, and have different implications for labour and capital income. This paper illustrates...

Persistent link: https://www.econbiz.de/10012994277

Households, Markets and Public Choice

Gersbach, Hans - 2014

favorable conditions for matching on the one hand, and for global collective decisions on the other hand. We establish …

Persistent link: https://www.econbiz.de/10013047312

Task Trade between Similar Countries

Grossman, Gene M.; Rossi-Hansberg, Esteban - 2012

The authors propose a theory of task trade between countries that have similar relative factor endowments and technological capabilities but may differ in size. Firms produce differentiated goods by performing a continuum of tasks, each of which generates local spillovers. Tasks can be performed...

Persistent link: https://www.econbiz.de/10012551314

Income Distribution, Product Quality, and International Trade

Fajgelbaum, Pablo; Grossman, Gene M.; Helpman, Elhanan - 2012

The authors develop a framework for studying trade in horizontally and vertically differentiated products. In their model, consumers with heterogeneous incomes and tastes purchase a homogeneous good and make a discrete choice of quality and variety of a differentiated product. The distribution...

Persistent link: https://www.econbiz.de/10012551341

Democratic Provision of Divisible Public Goods

Gersbach, Hans - 2010

In this paper we examine the potential of democratic constitutions for the provision of divisible public goods in a large economy. Our main insights are as follows: When aggregate shocks are absent, the combination of the following rules yields first-best allocations: a supermajority rule, equal...

Persistent link: https://www.econbiz.de/10013147793