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Gersbach, Hans; Haller, Hans - 2009

The relationship between our general equilibrium model with multi- member households and club models with multiple private goods is investigated. The main distinction in the definitions consists of the equilibrium concepts. As a rule, competitive equilibria among households where no group of...

Persistent link: https://www.econbiz.de/10008732395

Banking-on-the-average rules

Gersbach, Hans; Hahn, Volker - 2009 - This version: March 2009

In this paper, we argue for a regulatory framework under which a bank’s required level of equity capital depends on the … equity capital of its peers. Such bankingon- the-average rules are transparent and could also be combined with the current … abstain from gambling. Moreover, it alleviates socially harmful consequences of conventional equity-capital rules, which may …

Persistent link: https://www.econbiz.de/10008732399

Tax contracts and elections

Gersbach, Hans; Schneider, Maik T. - 2009 - This version: December 2009

In this paper we examine the impact of tax contracts as a novel institution on elections, policies, and welfare. We consider a political game in which three parties compete to form the government. Parties have policy preferences about the level of public-good provision and benefit from perks...

Persistent link: https://www.econbiz.de/10008746679

Rules vs. targets : climate treaties under uncertainty

Gersbach, Hans; Oberpriller, Quirin - 2012 - This version: April 2012

We demonstrate the advantages of a climate treaty based solely on rules for international permit markets when there is uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule. Each signatory can freely choose the...

Persistent link: https://www.econbiz.de/10009552905

Should the individual voting records of central bankers be published?

Gersbach, Hans; Hahn, Volker - 2001

We examine whether it is socially beneficial for the individual voting records of central bank council members to be published when the general public is unsure about central bankers' efficiency and central bankers are aiming for re-election. We show that publication is initially harmful since...

Persistent link: https://www.econbiz.de/10011419080

Voting transparency and conflicting interests in central bank councils

Gersbach, Hans; Hahn, Volker - 2001

This paper examines whether it is socially desirable for the individual voting records of central bank council members to be published when central bankers' preferences differ. We show that the misrepresentation of their preferences is not advantageous for central bankers although central...

Persistent link: https://www.econbiz.de/10011419124

Formal and real power in general equilibrium

Gersbach, Hans; Haller, Hans - 2015 - This version: January 2015

We integrate individual power in groups into general equilibrium models with endogenous group formation. We distinguish between formal power (the say in group decisions) and real power (utility gain from being in groups). Their values will be determined as part of the equilibrium. We find that...

Persistent link: https://www.econbiz.de/10011279674

Balanced voting

Gersbach, Hans; Wickramage, Kamali - 2015

Persistent link: https://www.econbiz.de/10011279677

Taxation, innovation, and entrepreneurship

Gersbach, Hans; Schetter, Ulrich; Schneider, Maik T. - 2014 - This version: October 2014

Persistent link: https://www.econbiz.de/10011279815

On the global supply of basic research

Gersbach, Hans; Schneider, Maik T. - 2013 - This version: February 2013

find that a country's basic-research investments increase with the country's level of human capital and decline with its …

Persistent link: https://www.econbiz.de/10009721842