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Risk and the value of information in irreversible decisions
Gersbach, Hans - In: Theory and decision : an international journal for … 42 (1997) 1, pp. 37-51
Persistent link: https://www.econbiz.de/10001222710
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Research bubbles
Gersbach, Hans; Komarov, Evgenij - 2020 - This version: February 2020
We develop a model to rationalize and examine so-called "research bubbles", i.e. research activities based on overoptimistic beliefs about the impact of this research on the economy. Research bubbles occur when researchers selfselect into research activities and the government aggregates the...
Persistent link: https://www.econbiz.de/10012204265
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The private and public value of information in majority decisions
Gersbach, Hans - 1989
Persistent link: https://www.econbiz.de/10000782532
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Cake division by majority decision
Gersbach, Hans (contributor); Pachl, Bernhard (contributor) - 2006
Persistent link: https://www.econbiz.de/10003457682
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Organizational design with a budget constraint
Gersbach, Hans - In: Review of economic design : RED 3 (1998) 2, pp. 149-157
Persistent link: https://www.econbiz.de/10001243424
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Allocation of information by majority decisions
Gersbach, Hans - In: Journal of public economics 48 (1992) 2, pp. 259-268
Persistent link: https://www.econbiz.de/10001130524
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Cake Division by Majority Decision
Gersbach, Hans; Pachl, Bernhard - 2021
quantity of resources. Afterwards, one of the proposals is chosen by majority decision. If no proposal obtains a majority, a …
Persistent link: https://www.econbiz.de/10013317275
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Risk Sharing Capacity : Markets versus Households
Gersbach, Hans - 2014
-space approach of Arrow-Debreu. A host of new interesting economic issues emerge. First, risk averse agents can attempt to insure … an open question. Second, one may ask more specifically what is the role of social groups for risk sharing and risk … allocation when agents face idiosyncratic or aggregate risk. Third, does a suitable combination of social group formation and …
Persistent link: https://www.econbiz.de/10013061191
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Contingent contracts in banking : insurance or risk magnification?
Gersbach, Hans - 2018 - This version: November 2018
generations, even if the underlying productivity risk is small or zero. We conclude that a joint policy package of orderly default …
Persistent link: https://www.econbiz.de/10011932411
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Rules vs. Targets : Climate Treaties Under Uncertainty
Gersbach, Hans; Oberpriller, Quirin - 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/10014041072