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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

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

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

Public debt and the balance sheet of the private sector

Gersbach, Hans; Rochet, Jean-Charles; Thadden, … - 2023

Persistent link: https://www.econbiz.de/10014227978

Public debt and the balance sheet of the private sector

Gersbach, Hans; Rochet, Jean-Charles; Thadden, Elu von - 2022

Persistent link: https://www.econbiz.de/10013348721

Research Bubbles

Gersbach, Hans - 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/10012836495

Debt contracts, collapse and regulation as competition phenomena

Gersbach, Hans; Uhlig, Harald - 1998

Persistent link: https://www.econbiz.de/10000978176

On the coexistence of banks and markets

Gersbach, Hans (contributor); Uhlig, Harald (contributor) - 2006

We examine the coexistence of banks and financial markets, studying a credit market where the qualities of investment projects are not observable and the investment decisions of entrepreneurs are not contractible. Standard banks can alleviate moral-hazard problems by securing a portion of a...

Persistent link: https://www.econbiz.de/10003375777

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

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