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Gersbach, Hans - 2015

We propose a development-compatible refunding system designed to mitigate climate change. Industrial countries pay an initial fee into a global fund. Each country chooses its national carbon tax. Part of the global fund is refunded to developing and industrial countries, in proportion to the...

Persistent link: https://www.econbiz.de/10013039305

Climate Policy and Development

Gersbach, Hans; Hummel, Noemi - CESifo - 2009

Persistent link: https://www.econbiz.de/10008572503

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 … banker. Second, setting aggregate bank-capital requirements is separated from monetary policy …

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

Sustainable Climate Treaties

Gersbach, Hans - 2017

initial fees that are neutral to tax payers and international capital markets …

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

Information Aggregation in Democratic Mechanisms

Britz, Volker - 2016

We examine whether and how democratic procedures can achieve socially desirable public good provision in the presence of profound uncertainty about the benefits of public goods, i.e., when citizens are able to identify the distribution of benefits only if they aggregate their private...

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

Households, Markets and Public Choice

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

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

General Equilibrium with Multi-Member Households and Production

Gersbach, Hans; Haller, Hans H. - 2021

We consider firms and multi-member households operating in a competitive market environment. Households are endowed with resources (commodity bundles) and shares of firm ownership. Household members are characterized by individual preferences, possibly with intra-household consumption...

Persistent link: https://www.econbiz.de/10013315948

Exit and Power in General Equilibrium

Gersbach, Hans; Haller, Hans H. - 2021

We integrate individual power in groups into general equilibrium models. The relationship between group formation, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via an illustrative example, three appealing concepts of...

Persistent link: https://www.econbiz.de/10013316483

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