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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

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

Household inefficiency and equilibrium efficiency

Gersbach, Hans; Haller, Hans - In: Institutions, equilibria and efficiency : essays in …, (pp. 187-209). 2006

Persistent link: https://www.econbiz.de/10003371922

When inefficiency begets efficiency

Gersbach, Hans; Haller, Hans - 2003

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

Government debt-threshold contracts

Gersbach, Hans - 2010

Persistent link: https://www.econbiz.de/10008667475

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

Information markets, elections and contracts

Gersbach, Hans; Müller, Markus - 2011

Politicians may pander to public opinion and may renounce undertaking beneficial long-term projects. To alleviate this problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is used to...

Persistent link: https://www.econbiz.de/10009009663

Government debt-threshold contracts

Gersbach, Hans - In: Economic inquiry : journal of the Western Economic … 52 (2014) 1, pp. 444-458

Persistent link: https://www.econbiz.de/10010468393

A theory of treshold contracts

Becker, Johannes Gerd; Gersbach, Hans - 2017

Persistent link: https://www.econbiz.de/10011619462

On efficient firm formation

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

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

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