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Knowledge acquisition and communication in multinational firms

Gersbach, Hans - 1998

Persistent link: https://www.econbiz.de/10013401162

Campaigns, Political Mobility, and Communication

Gersbach, Hans - 2011

We present a model of elections in which interest group donations allow candidates to shift policy positions. We show that if donations were prohibited, then a unique equilibrium regarding the position choices of candidates would exist. With unrestricted financing of political campaigns two...

Persistent link: https://www.econbiz.de/10013127785

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

Risk Sharing Capacity : Markets versus Households

Gersbach, Hans - 2014

We introduce uncertainty in our general equilibrium model with multi-member groups, following the classical state-space approach of Arrow-Debreu. A host of new interesting economic issues emerge. First, risk averse agents can attempt to insure themselves through markets or through mutual...

Persistent link: https://www.econbiz.de/10013061191

Financing democracy

Gersbach, Hans; Liessem, Verena - 2002

Based on contribution patterns to parties in Germany and elsewhere, we suggest that democracies should use a mixed system where private funding can play a larger role than public funding. In Germany the high level of public funding for parties can be reduced without expecting undesirable effects...

Persistent link: https://www.econbiz.de/10011514063

Communication under Ambiguity

Dominiak, Adam; Gersbach, Hans - 2024

We study communication in ambiguous environments. Agents communicate individual decisions sequentially. Based on the …, the decisions differ no matter how long the communication lasts. Such persistent disagreements are precluded in Bayesian … frameworks endowed with a common prior. When communication is private and nobody is excluded from it, we show that ambiguity …

Persistent link: https://www.econbiz.de/10014484275

High Compensation Creates a Ratchet Effect

Glazer, Amihai; Gersbach, Hans - 2004

We consider a firm which pays a worker for his effort over several periods. The more the firm pays in one period, the wealthier the worker is in the following periods, and so the more he must be paid for a given effort. This wealth effect can induce an employer to pay little initially and more...

Persistent link: https://www.econbiz.de/10010261892

On the coexistence of banks and markets

Gersbach, Hans; Uhlig, Harald - 2006

Persistent link: https://www.econbiz.de/10010263646

Competition of politicians for wages and office

Gersbach, Hans - 2003

We examine a model in which two politicians compete for office and for wages. Their remunerations are either set by the public or are offered competitively by the candidates during campaigns. Our main finding shows that competitive wage offers by candidates lead to lower social welfare than...

Persistent link: https://www.econbiz.de/10011422108

On the Coexistence of Banks and Markets

Gersbach, Hans; Uhlig, Harald - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2006

We examine the coexistence of banks and financial markets, studyinga credit market where the qualities of investment projects are notobservable and the investment decisions of entrepreneurs are not contractible...

Persistent link: https://www.econbiz.de/10005854968

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