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Public information and social choice
Gersbach, Hans - In: Social choice and welfare 17 (2000) 1, pp. 25-31
Persistent link: https://www.econbiz.de/10001436363
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Collective acquisition of information by committees
Gersbach, Hans - In: Journal of institutional and theoretical economics : JITE 148 (1992) 3, pp. 460-467
Persistent link: https://www.econbiz.de/10001129739
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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
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Flexible pensions for politicians
Gersbach, Hans; Müller, Markus - In: Public choice 145 (2010) 1/2, pp. 103-124
Persistent link: https://www.econbiz.de/10009130975
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Public Information and Social Choice
Gersbach, Hans - 2000
We examine the value of public information when a society uses a social choice rule to decide among a set of outcomes. We require that a social choice function satisfies unrestricted domain, non-decisiveness and the Pareto principle. We show that there exist payoff structures for every social...
Persistent link: https://www.econbiz.de/10014175868
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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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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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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