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Who produces the robots?
Gersbach, Hans; Schmassmann, Samuel - 2021
Persistent link: https://www.econbiz.de/10012498482
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The effects of globalization on worker training
Gersbach, Hans; Schmutzler, Armin - 2005
Persistent link: https://www.econbiz.de/10002588930
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The effects of globalization on worker training
Gersbach, Hans (contributor); Schmutzler, Armin (contributor) - 2006
We consider a three-stage game to examine how market integration affects firms' incentives to provide general worker training. In stage 1, firms invest in productivity-enhancing training. In stage 2, they can make wage offers for each others' workers. Finally, Cournot competition takes place....
Persistent link: https://www.econbiz.de/10003489518
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The Effects of Globalization on Worker Training
Gersbach, Hans - 2006
We consider a three-stage game to examine how market integration affects firms' incentives to provide general worker training. In stage 1, firms invest in productivity-enhancing training. In stage 2, they can make wage offers for each others' workers. Finally, Cournot competition takes place....
Persistent link: https://www.econbiz.de/10012779107
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The Effects of Globalization on Worker Training
Gersbach, Hans - 2008
We study how the integration of product and labor markets affects general worker training. When the number of firms under autarky is not too small and training would lead to a sufficiently large productivity increase, integration reduces training, often resulting in lower welfare. We also show...
Persistent link: https://www.econbiz.de/10012724781
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Higher vote thresholds for incumbents, effort and selection
Gersbach, Hans - 2009
Persistent link: https://www.econbiz.de/10003856996
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On the design of basic-research policy
Gersbach, Hans; Schneider, Maik T.; Schneller, Olivier - 2008 - This version: January 2008
We augment a Schumpeterian growth model with a public basic-research sector to examine how much a country should invest in basic research. We find that the closer the country is to the world’s technological frontier the more the government should invest in basic research. Basic-research...
Persistent link: https://www.econbiz.de/10003761319
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Capital regulation and credit fluctuations
Gersbach, Hans; Rochet, Jean-Charles - In: Macroprudentialism, (pp. 89-95). 2014
Persistent link: https://www.econbiz.de/10011507360
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Capital regulation and credit fluctuations
Gersbach, Hans; Rochet, Jean-Charles - In: Journal of monetary economics 90 (2017), pp. 113-124
Persistent link: https://www.econbiz.de/10011799237
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Default risk in stochastic volatility models
Gersbach, Hans; Surulescu, Nicolae Mircea - 2010 - This version: June 2010
We consider a stochastic volatility model of the mean-reverting type to describe the evolution of a firm’s values … default probability. Our simulation results indicate that the stochastic volatility model tends to predict higher default … probabilities than the corresponding Merton model if a firm’s credit quality is not too low. Otherwise the stochastic volatility …
Persistent link: https://www.econbiz.de/10008748331