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Fahrenberger, Theresa; Gersbach, Hans - In: Games and economic behavior 69 (2010) 2, pp. 329-345

Persistent link: https://www.econbiz.de/10008656730

Gersbach, Hans - 2014

We develop a model that combines competitive exchange of private commodities across endogenously formed groups with public good provision and global collective decisions. There is a tension between local and global collective decisions. In particular, we show that group formation and collective...

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

Cake Division by Majority Decision

Gersbach, Hans; Pachl, Bernhard - 2021

We consider a collective choice process where three players make proposals sequentially on how to divide a given quantity of resources. Afterwards, one of the proposals is chosen by majority decision. If no proposal obtains a majority, a proposal is drawn by lot. We establish the existence of...

Persistent link: https://www.econbiz.de/10013317275

Groups and Markets : General Equilibrium with Multi-member Households

Gersbach, Hans - 2017

Haller and Hans Gersbach have pioneered a ‘market’ approach that applies the tools of general equilibrium theory to the … presented in this book extends the theory of the multi-person household along an important but relatively neglected dimension …, that of general equilibrium theory. It also challenges GE theorists themselves to follow Paul Samuelson in taking seriously …

Persistent link: https://www.econbiz.de/10012397186

Self-Financing Environmental Mechanisms

Breitscheidel, Jörg; Gersbach, Hans - 2021

We explore the design of self-financing tax/subsidy mechanisms to solve hold-up problems in environmental regulation. Under Cournot competition, announcing the subsidy rate seems to be preferable to announcing the tax rate. Moreover, for constant marginal damage the hold-up problem can always be...

Persistent link: https://www.econbiz.de/10013318281