CESifo Working Paper Series

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4689: Using Military Build-Ups to Capture Fiscal Shocks: A Reassessment

Weonho Yang, Jan Fidrmuc and Sugata Ghosh

4688: Soft Paternalism, Merit Goods, and Normative Individualism

Gebhard Kirchgässner

4687: Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion

Fabian Herweg, Heiko Karle and Daniel Müller

4686: Wood-Based Bioenergy

Michael Hoel and Thea Marcelia Sletten

4685: On the Optimal Composition of Committees

Ruth Ben-Yashar and Leif Danziger

4684: Education Promoted Secularization

Sascha Becker, Markus Nagler and Ludger Woessmann

4683: Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study

Cristiano Andrea Ristuccia and Solomos Solomou

4682: From One to Many Central Plans: Drug Advertising Inspections and Intra-National Protectionism in China

Markus Eberhardt, Zheng Wang and Zhihong Yu

4681: Rotten Spouses, Family Transfers and Public Goods

Helmuth Cremer and Kerstin Roeder

4680: The Impacts of Feed-in Tariffs on Innovation: Empirical Evidence from Germany

Christoph Böhringer, Alexander Cuntz, Dietmar Harhoff and Emmanuel Asane Otoo

4679: Productivity Response to a Contract Change

Rajshri Jayaraman, Debraj Ray and Francis de Véricourt

4678: The Lindahl Equilibrium in Schumpeterian Growth Models: Knowledge Diffusion, Social Value of Innovations and Optimal R&D Incentives

Elie Gray and André Grimaud

4677: International Student Migration: A Partial Identification Analysis

Romuald Méango

4676: The Roommate Problem - Is More Stable Than You Think

Pierre Chiappori, Alfred Galichon and Bernard Salanié

4675: Awareness Reduces Racial Bias

Devin G. Pope, Joseph Price and Justin Wolfers

4674: Bracelets of Pride and Guilt? An Experimental Test of Self-Signaling in Charitable Giving

Joël J. van der Weele and Ferdinand von Siemens

4673: Feeling the Heat: Temperature, Physiology & the Wealth of Nations

Geoffrey Heal and Jisung Park

4672: Do Land Use Policies Follow Road Construction

Miquel-Àngel Garcia-López, Albert Solé-Ollé and Elisabet Viladecans-Marsal

4671: Carbon Prices for the Next Hundred Years

Reyer Gerlagh and Matti Liski

4670: Foreign Languages and Trade

Jan Fidrmuc and Jarko Fidrmuc

4669: International Capital Markets Structure, Preferences and Puzzles: The US-China Case

Guglielmo Maria Caporale, Michael Donadelli and Alessia Varani

4668: Exporting and Labor Demand: Micro-level Evidence from Germany

Andreas Lichter, Andreas Peichl and Sebastian Siegloch

4667: Malthus and the Industrial Revolution: Evidence from a Time-Varying VAR

Alexander Rathke and Samad Sarferaz

4666: Firm Dynamics and Residual Inequality in Open Economies

Gabriel Felbermayr, Giammario Impullitti and Julien Prat

4665: Climate Change, Rice Crops and Violence. Evidence from Indonesia

Raul Caruso, Ilaria Petrarca and Roberto Ricciuti

4664: Hospital Treatment Rates and Spillover Effects: Does Ownership Matter?

Badi Baltagi and Yin-Fang Yen

4663: Measuring Individual Risk Attitudes in the Lab: Task or Ask? An Empirical Comparison

Jan-Erik Lönnqvist, Markku Verkasalo, Gari Walkowitz and Philipp Wichardt

4662: Markov Perfect Equilibria in Differential Games with Regime Switching Strategies

Ngo Long, Fabien Prieur, Klarizze Puzon and Mabel Tidball

4661: Does Female Empowerment Promote Economic Development

Matthias Doepke and Michele Tertilt

4660: Financial Development and Sustainable Exports: Evidence from Firm-Product Data

Melise Jaud, Madina Kukenova and Martin Strieborny

4659: Exchange-Rate Adjustment and Macroeconomic Interdependence between Stagnant and Fully Employed Countries

Yoshiyasu Ono

4658: Labor Market Effects of Sports and Exercise: Evidence from Canadian Panel Data

Michael Lechner and Nazmi Sari

4657: Us and Them: Distributional Preferences in Small and Large Groups

Heiner Schumacher, Iris Kesternich, Michael Kosfeld and Joachim Winter

4656: Incentives to Motivate

Ola Kvaløy and Anja Schöttner

4655: An Empirical Study of Pricing Strategies in an Online Market with High-Frequency Price Information

Sara Ellison and Christopher M. Snyder

4654: Charitable Giving and Nonbinding Contribution-Level Suggestions - Evidence from a Field Experiment

Maja Adena, Steffen Huck and Imran Rasul

4653: On the Persistence of Strategic Sophistication

Sotiris Georganas, Paul J. Healy and Roberto Weber

4652: Stakeholder Governance, Competition and Firm Value

Franklin Allen, Elena Carletti and Robert Marquez

4651: Structural Vector Autoregressions: Checking Identifying Long-run Restrictions via Heteroskedasticity

Helmut Luetkepohl and Anton Velinov

4650: No Guarantees, No Trade: How Banks Affect Export Patterns

Friederike Niepmann and Tim Schmidt-Eisenlohr

4649: China's Exchange Rate and Financial Repression: The Conflicted Emergence of the Renminbi as an International Currency

Ronald McKinnon and Gunther Schnabl

4648: Walk the Line: Conflict, State Capacity and the Political Dynamics of Reform

Sanjay Jain, Sumon Majumdar and Sharun Mukand

4647: Credit Market Competition and Liquidity Crises

Elena Carletti and Agnese Leonello

4646: Optimal Redistribution and Monitoring of Labor Effort

Floris Zoutman and Bas Jacobs

4645: Microeconometric Evidence of Financing Frictions and Innovative Activity

Amaresh K. Tiwari, Pierre Mohnen, Franz Palm and Sybrand Schim van der Loeff

4644: Strategic Approaches to CO2 Emissions - The Case of the Cement Industry and of the Chemical Industry

Diane Laure Arjaliès, Cécile Goubet and Jean-Pierre Ponssard

4643: On the Sensitivity of Collective Action to Uncertainty about Climate Tipping Points

Scott Barrett and Astrid Dannenberg

4642: Transparency, Flexibility and Macroeconomic Stabilization

Petra Geraats

4641: Parenthood and Productivity of Highly Skilled Labor: Evidence from the Groves of Academe

Matthias Krapf, Heinrich Ursprung and Christian Zimmermann

4640: Does Short-Time Work Save Jobs? A Business Cycle Analysis

Almut Balleer, Britta Gehrke, Wolfgang Lechthaler and Christian Merkl

4639: The Green Paradox in Open Economies

Ngo Long

4638: Team Production in Competitive Labor Markets with Adverse Selection

Ferdinand von Siemens and Michael Kosfeld

4637: Can you Leave High School Behind?

Sandra Black, Jane Arnold Lincove, Jenna Cullinane and Rachel Veron

4636: A Ranking Method Based on Handicaps

Gabrielle Demange

4635: Technology Agreements with Heterogeneous Countries

Michael Hoel and Aart de Zeeuw

4634: Confidence Bands for Impulse Responses: Bonferroni versus Wald

Helmut Luetkepohl, Anna Staszewska-Bystrova and Peter Winker

4633: Monetary Emissions Trading Mechanisms

Cyril Monnet and Ted Temzelides

4632: Collective Memory and Nostalgia in The Dutch Radio2 Top2000 Chart 1999-2013

Elmer Sterken

4631: Analysing Party Preferences Using Google Trends

Mirko Seithe and Lena Calahorrano

4630: Explaining the Size Differences of Exporter Productivity Premia: Theory and Evidence

Ingo Geishecker, Philipp Schröder and Allan Sørensen

4629: Can Competition Reduce Quality?

Kurt Brekke, Luigi Siciliani and Odd Straume

4628: Smells Like Fiscal Policy? Assessing the Potential Effectiveness of the ECB's OMT Program

Nikolay Hristov, Oliver Hülsewig, Thomas Siemsen and Timo Wollmershäuser

4627: Capacity Decisions with Demand Fluctuations and Carbon Leakage

Guy Meunier and Jean-Pierre Ponssard

4626: Conservatism Correction for the Market-To-Book Ratio and Tobin's q

Maureen McNichols, Madhav V. Rajan and Stefan Reichelstein

4625: Prices vs. Quantities with Endogenous Cost Structure

Halvor Briseid Storrøsten

4624: Intergenerational Risk-Sharing through Funded Pensions and Public Debt

Damiaan H.J. Chen, Roel Beetsma, Eduard Ponds and Ward Romp

4623: Foreign Direct Investment Modes and Local Backward Linkages

Chrysovalantou Milliou and Apostolis Pavlou

4622: The Individual and Joint Performance of Economic Preferences, Personality, and Self-Control in Predicting Criminal Behavior

Tim Friehe and Hannah Schildberg-Hörisch

4621: Heterogeneous Beliefs and the Demand for D&O Insurance by Listed Companies

Peter Egger, Doina Radulescu and Ray Rees

4620: Political Institutions and Government Spending Behavior in Iran

Sajjad Faraji Dizaji and Mohammad Reza Farzanegan

4619: Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions

Dayanand Manoli and Andrea Weber

4618: Per-Capital Income as a Determinant of International Trade and Environment Policies

James Markusen

4617: Selective Outmigration and the Estimation of Immigrants' Earnings Profiles

Christian Dustmann and Joseph-Simon Görlach

4616: Panel Data Gravity Models of International Trade

Badi Baltagi, Peter Egger and Michael Pfaffermayr

4615: The Relevance or Otherwise of the Central Bank's Balance Sheet

David Miles and Jochen Schanz

4614: Voting Suffrage and the Political Budget Cycle: Evidence from the London Metropolitan Boroughs 1902-1937

Toke Aidt and Graham Mooney

4613: Income Tax Buyouts and Income Tax Evasion

Laszlo Goerke

4612: What Do We Know About Base Erosion and Profit Shifting? A Review of the Empirical Literature

Dhammika Dharmapala

4611: Monetary Policy Transparency

Petra Geraats

4610: A Competitive Model of Worker Replacement and Wage Rigidity

Andy Snell, Jonathan Thomas and Zhewei Wang

4609: Self Control and Intertemporal Choice: Evidence from Glucose and Depletion Interventions

Michael A. Kuhn, Peter Kuhn and Marie Claire Villeval

4608: Tenancy Rent Control and Credible Commitment in Maintenance

Richard Arnott and Elizaveta Shevyakhova

4607: Creeping Normalcy: Fractionation of Indian Land Ownership

Jake Russ and Thomas Stratmann

4606: Optimal Forest Management when Logging Damages and Costs Differ between Logging Practices

Yonky Indrajaya, Edwin van der Werf, Ekko van Ierland and Frits Mohren

4605: Iceland: How Could This Happen?

Thorvaldur Gylfason

4604: Jump Processes in Natural Gas Markets

Charles Mason and Neil Wilmot

4603: Emissions Trading with Offset Markets and Free Quota Allocations

Knut Einar Rosendahl and Jon Strand

4602: Credit Risk in General Equilibrium

Jürgen Eichberger, Klaus Rheinberger and Martin Summer

4601: TransNIEMO: Economic Impact Analysis Using a Model of Consistent Interregional Economic and Network Equilibria

JoongKoo Cho, Peter Gordon, James E. Moore, Qisheng Pan, JiYoung Park and Harry W. Richardson

4600: Capital-Labor Substitution, Structural Change and the Labor Income Share

Francisco Alvarez-Cuadrado, Ngo Long and Markus Poschke

4599: What is the Relation (if any) Between a Firm's Corporate Governance Arrangements and its Financial Performance?

Roberto E. Wessels and Tom J. Wansbeek

4598: Carbon Tariffs: An Analysis of the Trade, Welfare and Emission Effects

Mario Larch and Joschka Wanner

4597: Returns to Skills around the World: Evidence from PIAAC

Eric Hanushek, Guido Schwerdt, Simon Wiederhold and Ludger Woessmann

4596: The Dynamic Implications of Liberalizing Global Migration

Marco Delogu, Frédéric Docquier and Joël Machado Carneiro

4595: Children Do Not Behave Like Adults: Gender Gaps in Performance and Risk Taking within a Random Social Context in the High-StakesGame Shows Jeopardy and Junior Jeopardy

Jenny Säve-Söderbergh and Gabriella Sjögren Lindquist

4594: Do Weak Institutions Prolong Crises? On the Identification, Characteristics, and Duration of Declines during Economic Slumps

Richard Bluhm, Denis de Crombrugghe and Adam Szirmai

4593: Mandatory Participation in Occupational Pension Schemes in the Netherlands and other Countries

Damiaan H.J. Chen and Roel Beetsma

4592: A Two Stage Approach to Spatiotemporal Analysis with Strong and Weak Cross-Sectional Dependence

Natalia Bailey, Sean Holly and M Pesaran

4591: Compensated Discrete Choice with Particular Reference to Labor Supply

John K. Dagsvik, Steinar Strøm and Marilena Locatelli

4590: Levelized Product Cost: Concept and Decision Relevance

Stefan Reichelstein and Anna Rohlfing-Bastian