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CEPR Discussion Papers
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4236: Retail Mergers: Buyer Power and Product Variety
Roman Inderst and Greg Shaffer
4235: Should One Rely on Professional Exchange Rate Forecasts? An Empirical Analysis of Professional Forecasts for the €/US$ Rate
Peter Bofinger and Robert Schmidt
4234: Economic Geography and Wages
Mary Amiti and Lisa Ann Cameron
4233: The Economic Value of Cultural Diversity: Evidence from US Cities
Gianmarco .P. Ottaviano and Giovanni Peri
4232: Regulation of Multinational banks: A Theoretical Inquiry
Giacomo Calzolari and Gyöngyi Lóránth
4231: Overconfidence and Delegated Portfolio Management
Frederic Palomino and Abdolkarim Sadrieh
4230: Biases of Professional Exchange Rate Forecasts: Psychological Explanations and an Experimentally-Based Comparison to Novices
Peter Bofinger , Johannes Leitner and Robert Schmidt
4229: Implementing Optimal Policy Through Inflation-Forecast Targeting
Lars E. O. Svensson and Michael Woodford
4228: Circular Movements and Time Away From the Host Country
Amelie F. Constant and Klaus F. Zimmermann
4227: The Choice of Exchange Rate Regime in Developing Countries: A Multinational Panel Analysis
Juergen von Hagen and Jizhong Zhou
4226: How do Electoral Rules Shape Party Structures, Government Coalitions and Economic Policies?
Torsten Persson , Gérard Roland and Guido Tabellini
4225: Creating Low-Skilled Jobs by Subsidising Market-Contracted Household Work
Tilman Brück , John P. Haisken-DeNew and Klaus F. Zimmermann
4223: The Effect of Disability on Labour Market Outcomes in Germany: Evidence from Matching
Michael Lechner and Rosalia Vazquez-Alvarez
4222: Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction
(Rick) van der Ploeg, Frederick
4221: Riding the South Sea Bubble
Peter Temin and Hans-Joachim Voth
4220: Improving the SGP Through a Proper Accounting of Public Investment
Olivier Blanchard and Francesco Giavazzi
4219: Go Public or Stay Private: A Theory of Entrepreneurial Choice
Arnoud Boot , Radhakrishnan Gopalan and Anjan V. Thakor
4218: Optimal Policy with Low-Probability Extreme Events
Lars E. O. Svensson
4217: Aggregate Supply and Potential Output
Assaf Razin
4216: Effects of Employment Protection and Product Market Regulations on the Italian Labour Market
Adriana Kugler and Giovanni Pica
4215: After, Before and During: Returns to Education in Hungary (1986-1998)
Nauro F. Campos and Dean Jolliffe
4214: Working for God?
Ritva Reinikka and Jakob Svensson
4213: Relative Wage Variation and Industry Location
Andrew B. Bernard , Stephen James Redding , Peter K. Schott and Helen Simpson
4212: The Integration of EU Banking Markets
Jordi Gual
4211: Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment
Robin Burgess and Rohini Pande
4210: Viable Taxation
Carlo Perroni and Kimberley Scharf
4209: Generational Accounting, Solidarity and Pension Losses
Casper G. de Vries and C. N. Teulings
4208: Competitive Risk Sharing Contracts with One-Sided Commitment
Dirk Krüger and Harald Uhlig
4207: What Makes an Entrepreneur and Does it Pay? Native Men, Turks and Other Migrants in Germany
Amelie F. Constant , Yochanan Shachmurove and Klaus F. Zimmermann
4206: The U-Shaped Investment Curve: Theory and Evidence
Sean Cleary , Paul Povel and Michael Raith
4205: Codes in Organizations
Jacques Crémer , Luis Garicano and Andrea Prat
4204: Which Countries Export FDI, and How Much?
Assaf Razin , Yona Rubinstein and Efraim Sadka
4203: Gender Wage Gaps by Education in Spain: Glass Floors versus Glass Ceilings
Juan J. Dolado and Vanesa Llorens
4202: Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap
Willem Hendrik Buiter
4201: Intergenerational Transfer of Human Capital and Optimal Education Policy
Helmuth Cremer and Pierre Pestieau
4200: Individual Mortality and Macroeconomic Conditions from Birth to Death
Maarten Lindeboom , France Portrait and Gerard J. van den Berg
4199: Empirical Labour Search: A Survey
Zvi Eckstein and Gerard J. van den Berg
4198: Does the Market Provide Sufficient Employment Protection?
Roberto Burguet and Ramon Caminal
4197: Should Courts Always Enforce What Contracting Parties Write?
Luca Anderlini , Leonardo Felli and Andrew Postlewaite
4196: Will China's WTO Accession Worsen Rural Poverty?
Kym Anderson , Jikun Huang and Elena Ivanova Ianchovichina
4195: Golden Rice and the Looming GMO Trade Debate: Implications for the Poor
Kym Anderson and Chantal Pohl Nielsen
4194: Enterprise Finance and Investment in Listed Hungarian Firms
Enrico Perotti and Luka Vesnaver
4193: Labour Market Frictions, Job Insecurity and the Flexibility of the Employment Relationship
Niko Matouschek , Paolo Ramezzana and Frédéric Robert-Nicoud
4192: Do Shareholders vote Strategically? Evidence on the Advisory Role of Annual General Meetings
Ernst Maug and Kristian Rydqvist
4191: A Heliocentric Journey into Germany's Great Depression
Mark Weder
4190: Optimal Dynamic Taxation with Indivisible Labour
Parantap Basu , Laura Marsiliani and Thomas Renström
4189: Charitable Giving as a Gift Exchange: Evidence From a Field Experiment
Armin Falk
4188: Political Bargaining in a Federation: Buchanan meets Coase
Mark Gradstein
4187: Inequality, Democracy and the Emergence of Institutions
Mark Gradstein
4186: Do Vertical Mergers Facilitate Upstream Collusion?
Volker Nocke and Lucy White
4185: Cooperative and Non-Cooperative R&D Policy in an Economic Union
Jan . Haaland and Hans Jarle Kind
4184: Labour and the Market Value of the Firm
Monika Merz and Eran Yashiv
4183: European Unemployment and Turbulence Revisited in a Matching Model
Lars Ljungqvist and Thomas J. Sargent
4182: Awareness and Stock Market Participation
Luigi Guiso and Tullio Jappelli
4181: Stakeholders, Transparency and Capital Structure
Andres Almazan , Javier Suarez and Sheridan Titman
4180: Confidence Building on Euro Conversion: Theory and Evidence from Currency Options
Joost Driessen and Enrico Perotti
4179: Speed and Quality of Collective Decision-Making, I: Imperfect Information Processing
Hans Peter Grüner and Elisabeth Schulte
4178: Temporary Contracts and Employee Effort
Axel Engellandt and Regina Therese Riphahn
4177: Independence and Heterogeneity in Games of Incomplete Information
Robin Mason and Akos Valentinyi
4176: Strategic Financial Innovation in Segmented Markets
Rohit Rahi and Jean-Pierre Zigrand
4175: Efficiency Gains and Myopic Antitrust Authority in a Dynamic Merger Game
Massimo Motta and Helder Vasconcelos
4174: Monopoly Practises and Competitive Behaviour in the French Satellite Pay-TV Market
Michele Cincera and Abdul G. Noury
4173: Aggregate Consequences of Limited Contract Enforceability
Thomas F. Cooley , Ramon Marimon and Vincenzo Quadrini
4172: Reducing Start-Up Costs for New Firms: The Double Dividend on the Labour Market
Uwe Dulleck , Paul Frijters and Rudolf Winter-Ebmer
4171: Absorptive Capacity, R&D Spillovers and Public Policy
Dermot Leahy and J. Peter Neary
4170: Global Sourcing
Pol Antras and Elhanan Helpman
4169: Optimal Capital Allocation Using RAROC(tm) and EVA
Neal Stoughton and Josef Zechner
4168: India's Trade Policy For Sale: How Much? Who Buys?
Olivier Cadot , Jean-Marie Grether and Marcelo Olarreaga
4167: Tariff Evasion and Customs Corruption: Does PSI Help?
José Ansón , Olivier Cadot and Marcelo Olarreaga
4166: Rules of Origin in North-South Preferential Trading Arrangements with an Application to NAFTA
José Ansón , Olivier Cadot , Jaime A.P. de Melo , Antoni Estevadeordal , Akiko Suwa Eisenmann and Bolormaa Tumurchudur
4165: On Model Selection and Markov Switching: A Empirical Examination of Term Structure Models with Regime Shifts
John Driffill , Turalay Kenc , Martin Sola and Fabio Spagnolo
4164: Cross-Border Tax Externalities: Are Budget Deficits too Small?
Willem Hendrik Buiter and Anne Sibert
4163: Conflicts of Interest and Efficient Contracting in IPOs
Alexander Ljungqvist
4162: Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations
Alexander Ljungqvist , Felicia Marston and William J Wilhelm
4161: How Do Legal Differences and Learning Affect Financial Contracts?
Steven Neil Kaplan , Frederic Martel and Per Stromberg
4160: Strategic Asset Allocation in a Continuous Time VAR Model
John Y. Campbell , George Chacko , Jorge Rodriguez and Luis M. Viceira
4159: Inequality and Political Consensus
Hans Peter Grüner
4158: What Happened to Asian Exports During the Crisis?
Rupa Duttagupta and Antonio Spilimbergo
4157: Does Prestige Matter More than Profits? Evidence from Entrepreneurial Choice
Mariassunta Giannetti and Andrei Simonov
4156: Self-Selection of Migrant Workers: Migration Premium and (no) Returns to Skills
Eran Yashiv
4155: Price Discrimination in Markets for Experts' Services
Uwe Dulleck and Rudolf Kerschbamer
4154: Wage Bargaining with On-The-Job Search: Theory and Evidence
Pierre Cahuc , Fabien Postel-Vinay and Jean-Marc Robin
4153: Efficiency Wages, Urban Unemployment and Housing Consumption
Yves Zenou
4152: Globalization and the Evolution of the Supply Chain: Who Gains and Who Loses?
Masahisa Fujita and Jacques François Thisse
4151: Signalling and Commitment: Monetary versus Inflation Targeting
Hans Gersbach and Volker Hahn
4150: Why the Apple Doesn't Fall: Understanding Intergenerational Transmission of Human Capital
Sandra E. Black , Paul J. Devereux and Kjell G Salvanes
4149: Does Responsive Pricing Increase Efficiency? Evidence from Pricing Experiments in an Internet Café
Pascal Courty and Mario Pagliero
4148: Multinational Bank Regulation with Deposit Insurance and Diversification Effects
Gyöngyi Lóránth and Alan Morrison
4147: Job Tenure, Wages and Technology: A Reassessment Using Matched Worker-Firm Panel Data
Pauline GIVORD and Eric Maurin
4146: The Impact of Divorce on School Performance: Evidence from France, 1968-2002
Thomas Piketty
4145: Bottled Water - A Case of Pointless Trade?
Richard Friberg and Mattias Ganslandt
4144: Investment, Wages and Ownership During the Transition to a Market Economy: Evidence from Slovenian Firms
Janez Prasnikar and Jan Svejnar
4143: Ownership and Firm Performance After Large-Scale Privatization
Evžen Kočenda and Jan Svejnar
4142: Objectives and Constraints of Entrepreneurs: Evidence from Small and Medium-Size Enterprises in Russia and Bulgaria
Francesca Pissarides , Miroslav Singer and Jan Svejnar
4141: Naomi Klein and the Anti-Globalization Movement
Paul Segerstrom
4140: A Theory of North-South Trade and Globalization
Elias Dinopoulos and Paul Segerstrom
4139: Corporate Venture Capital: The Upside of Failure and Competition for Talent
Gilles Chemla and Jean-Etienne Henri de Bettignies
4138: The Origins of Spatial Interaction
Wolfgang Keller and Carol Hua Shiue
4137: Top Indian Incomes, 1956-2000
Abhijit Banerjee and Thomas Piketty
4136: Spatial Inequality in Education and Health Care in China
Ravi Kanbur and Xiaobo Zhang