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Exit and power in general equilibrium
Gersbach, Hans; Haller, Hans - 2008
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/10010484493
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A product market theory of worker training
Gersbach, Hans; Schmutzler, Armin - 2004 - revised: February 2004
We develop a product market theory that explains why firms invest in general training of their workers. We consider a … employees and finally engage in imperfect product market competition. Equilibria with and without training, and multiple … equilibria can emerge. If competition is sufficiently soft and trained workers are substitutes, firms may invest in non …
Persistent link: https://www.econbiz.de/10011402873
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Endogenous technological spillovers : causes and consequences
Gersbach, Hans; Schmutzler, Armin - In: Journal of economics & management strategy : JEMS 12 (2003) 2, pp. 179-205
Persistent link: https://www.econbiz.de/10001774399
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The optimal capital structure of an economy
Gersbach, Hans - 2003
Persistent link: https://www.econbiz.de/10001816140
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A product market theory of training and turnover in firms
Gersbach, Hans; Schmutzler, Armin - 2001
We develop a product market theory that explains why firms invest in general training of their workers. We consider a … employees and finally engage in imperfect product market competition. Equilibria with and without training, and multiple … equilibria can emerge. If competition is sufficiently soft and trained workers are substitutes, firms may invest in non …
Persistent link: https://www.econbiz.de/10001610642
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Product market reforms and unemployment in Europe
Gersbach, Hans; Schniewind, Achim - 2001
In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are … able to complement labor market reforms. We use a simple general equilibrium model with different types of labor. The … bottom-line of the paper is that product market reforms will help to reduce aggregate unemployment under many circumstances …
Persistent link: https://www.econbiz.de/10001573265
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Voice and bargaining power
Gersbach, Hans (contributor); Haller, Hans (contributor) - 2006
We propose a formal concept of the power of voice in the context of a simple model where individuals form groups and trade in competitive markets. Individuals use outside options in two different ways. Actual outside options reflect the possibility to exit or to join other existing groups....
Persistent link: https://www.econbiz.de/10003301090
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Debt contracts and collapse as competition phenomena
Gersbach, Hans; Uhlig, Harald - In: Journal of financial intermediation 15 (2006) 4, pp. 556-574
Persistent link: https://www.econbiz.de/10003395888
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Hierarchical trade
Gersbach, Hans; Haller, Hans - 2010
Persistent link: https://www.econbiz.de/10003969492
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Elections, the curse of competence and credence policies
Gersbach, Hans - In: Public choice 186 (2021) 3/4, pp. 491-511
Persistent link: https://www.econbiz.de/10012497702