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The effect of higher re-election hurdles and costs of policy change on political polarization

Gersbach, Hans; Muller, Philippe; Tejada, Oriol - 2016

Persistent link: https://www.econbiz.de/10011524508

Elections, contracts and markets

Gersbach, Hans; Müller, Markus - 2006

Persistent link: https://www.econbiz.de/10003353164

Elections, contracts and markets

Gersbach, Hans; Müller, Markus - 2006 - This version: May 2006

As the performance of long-term projects is not observable in the short run politicians may pander to public opinion. To solve this problem, we propose a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is...

Persistent link: https://www.econbiz.de/10003459198

Elections, Contracts and Markets

Gersbach, Hans; Müller, Markus - 2007

Persistent link: https://www.econbiz.de/10014054318

Should the individual voting records of central bankers be published?

Gersbach, Hans; Hahn, Volker - 2001

We examine whether it is socially beneficial for the individual voting records of central bank council members to be published when the general public is unsure about central bankers' efficiency and central bankers are aiming for re-election. We show that publication is initially harmful since...

Persistent link: https://www.econbiz.de/10011419080

On the economics of crisis contracts

Aptus, Elias; Britz, Volker; Gersbach, Hans - 2016

Persistent link: https://www.econbiz.de/10011502345

Flexible majority rules

Erlenmaier, Ulrich; Gersbach, Hans - 2001

In this paper we introduce flexible majority decision rules where the size of the majority depends on the proposal made by the agenda setter. Flexible majority rules can mitigate the disadvantages of democracies in the provision of public projects. In many cases, the combination of the...

Persistent link: https://www.econbiz.de/10011398428

Crisis Contracts

Aptus, Elias; Britz, Volker; Gersbach, Hans - In: Economic theory : official journal of the Society for … 70 (2020) 1, pp. 121-164

Persistent link: https://www.econbiz.de/10012240855

On the economics of crisis contracts

Aptus, Elias; Britz, Volker; Gersbach, Hans - 2014

We examine the impact of so-called "Crisis Contracts" on bank managers' risktaking incentives and on the probability of … banking crises. Under a Crisis Contract, managers are required to contribute a pre-specified share of their past earnings to … occurs and that leads to a form of collective liability for bank managers. We develop a game-theoretic model of a banking …

Persistent link: https://www.econbiz.de/10010337016

On the negative social value of central banks knowledge transparency

Gersbach, Hans - In: Economics of governance 4 (2003) 2, pp. 91-102

Persistent link: https://www.econbiz.de/10001772694