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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

On efficient firm formation

Gersbach, Hans; Haller, Hans - In: Mathematical social sciences 107 (2020), pp. 1-12

Persistent link: https://www.econbiz.de/10012434260

When inefficiency begets efficiency

Gersbach, Hans; Haller, Hans - 2004

Collective consumption decisions taken by the members of a household may prove inefficient. The impact on market performance depends on whether household inefficiencies are caused by inefficient net trades with the market or by inefficient distribution of resources within households. Inefficient...

Persistent link: https://www.econbiz.de/10011399478

When inefficiency begets efficiency

Gersbach, Hans; Haller, Hans - 2003

Persistent link: https://www.econbiz.de/10001744800

When inefficiency begets efficiency

Gersbach, Hans; Haller, Hans - 2003

inefficient household decisions on market performance is investigated. At one extreme, market efficiency can occur even when … market. At the other extreme, market efficiency is bound to fail, if household inefficiencies are solely caused by an … stability requires efficient or not too inefficient internal distribution. -- allocative efficiency ; general equilibrium …

Persistent link: https://www.econbiz.de/10009725479