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CEPR Discussion Papers

from C.E.P.R. Discussion Papers
Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ.
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4236: Retail Mergers: Buyer Power and Product Variety Downloads
Roman Inderst and Greg Shaffer
4235: Should One Rely on Professional Exchange Rate Forecasts? An Empirical Analysis of Professional Forecasts for the €/US$ Rate Downloads
Peter Bofinger and Robert Schmidt
4234: Economic Geography and Wages Downloads
Mary Amiti and Lisa Ann Cameron
4233: The Economic Value of Cultural Diversity: Evidence from US Cities Downloads
Gianmarco .P. Ottaviano and Giovanni Peri
4232: Regulation of Multinational banks: A Theoretical Inquiry Downloads
Giacomo Calzolari and Gyöngyi Lóránth
4231: Overconfidence and Delegated Portfolio Management Downloads
Frederic Palomino and Abdolkarim Sadrieh
4230: Biases of Professional Exchange Rate Forecasts: Psychological Explanations and an Experimentally-Based Comparison to Novices Downloads
Peter Bofinger, Johannes Leitner and Robert Schmidt
4229: Implementing Optimal Policy Through Inflation-Forecast Targeting Downloads
Lars E. O. Svensson and Michael Woodford
4228: Circular Movements and Time Away From the Host Country Downloads
Amelie F. Constant and Klaus F. Zimmermann
4227: The Choice of Exchange Rate Regime in Developing Countries: A Multinational Panel Analysis Downloads
Juergen von Hagen and Jizhong Zhou
4226: How do Electoral Rules Shape Party Structures, Government Coalitions and Economic Policies? Downloads
Torsten Persson, Gérard Roland and Guido Tabellini
4225: Creating Low-Skilled Jobs by Subsidising Market-Contracted Household Work Downloads
Tilman Brück, John P. Haisken-DeNew and Klaus F. Zimmermann
4223: The Effect of Disability on Labour Market Outcomes in Germany: Evidence from Matching Downloads
Michael Lechner and Rosalia Vazquez-Alvarez
4222: Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction Downloads
(Rick) van der Ploeg, Frederick
4221: Riding the South Sea Bubble Downloads
Peter Temin and Hans-Joachim Voth
4220: Improving the SGP Through a Proper Accounting of Public Investment Downloads
Olivier Blanchard and Francesco Giavazzi
4219: Go Public or Stay Private: A Theory of Entrepreneurial Choice Downloads
Arnoud Boot, Radhakrishnan Gopalan and Anjan V. Thakor
4218: Optimal Policy with Low-Probability Extreme Events Downloads
Lars E. O. Svensson
4217: Aggregate Supply and Potential Output Downloads
Assaf Razin
4216: Effects of Employment Protection and Product Market Regulations on the Italian Labour Market Downloads
Adriana Kugler and Giovanni Pica
4215: After, Before and During: Returns to Education in Hungary (1986-1998) Downloads
Nauro F. Campos and Dean Jolliffe
4214: Working for God? Downloads
Ritva Reinikka and Jakob Svensson
4213: Relative Wage Variation and Industry Location Downloads
Andrew B. Bernard, Stephen James Redding, Peter K. Schott and Helen Simpson
4212: The Integration of EU Banking Markets Downloads
Jordi Gual
4211: Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment Downloads
Robin Burgess and Rohini Pande
4210: Viable Taxation Downloads
Carlo Perroni and Kimberley Scharf
4209: Generational Accounting, Solidarity and Pension Losses Downloads
Casper G. de Vries and C. N. Teulings
4208: Competitive Risk Sharing Contracts with One-Sided Commitment Downloads
Dirk Krüger and Harald Uhlig
4207: What Makes an Entrepreneur and Does it Pay? Native Men, Turks and Other Migrants in Germany Downloads
Amelie F. Constant, Yochanan Shachmurove and Klaus F. Zimmermann
4206: The U-Shaped Investment Curve: Theory and Evidence Downloads
Sean Cleary, Paul Povel and Michael Raith
4205: Codes in Organizations Downloads
Jacques Crémer, Luis Garicano and Andrea Prat
4204: Which Countries Export FDI, and How Much? Downloads
Assaf Razin, Yona Rubinstein and Efraim Sadka
4203: Gender Wage Gaps by Education in Spain: Glass Floors versus Glass Ceilings Downloads
Juan J. Dolado and Vanesa Llorens
4202: Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap Downloads
Willem Hendrik Buiter
4201: Intergenerational Transfer of Human Capital and Optimal Education Policy Downloads
Helmuth Cremer and Pierre Pestieau
4200: Individual Mortality and Macroeconomic Conditions from Birth to Death Downloads
Maarten Lindeboom, France Portrait and Gerard J. van den Berg
4199: Empirical Labour Search: A Survey Downloads
Zvi Eckstein and Gerard J. van den Berg
4198: Does the Market Provide Sufficient Employment Protection? Downloads
Roberto Burguet and Ramon Caminal
4197: Should Courts Always Enforce What Contracting Parties Write? Downloads
Luca Anderlini, Leonardo Felli and Andrew Postlewaite
4196: Will China's WTO Accession Worsen Rural Poverty? Downloads
Kym Anderson, Jikun Huang and Elena Ivanova Ianchovichina
4195: Golden Rice and the Looming GMO Trade Debate: Implications for the Poor Downloads
Kym Anderson and Chantal Pohl Nielsen
4194: Enterprise Finance and Investment in Listed Hungarian Firms Downloads
Enrico Perotti and Luka Vesnaver
4193: Labour Market Frictions, Job Insecurity and the Flexibility of the Employment Relationship Downloads
Niko Matouschek, Paolo Ramezzana and Frédéric Robert-Nicoud
4192: Do Shareholders vote Strategically? Evidence on the Advisory Role of Annual General Meetings Downloads
Ernst Maug and Kristian Rydqvist
4191: A Heliocentric Journey into Germany's Great Depression Downloads
Mark Weder
4190: Optimal Dynamic Taxation with Indivisible Labour Downloads
Parantap Basu, Laura Marsiliani and Thomas Renström
4189: Charitable Giving as a Gift Exchange: Evidence From a Field Experiment Downloads
Armin Falk
4188: Political Bargaining in a Federation: Buchanan meets Coase Downloads
Mark Gradstein
4187: Inequality, Democracy and the Emergence of Institutions Downloads
Mark Gradstein
4186: Do Vertical Mergers Facilitate Upstream Collusion? Downloads
Volker Nocke and Lucy White
4185: Cooperative and Non-Cooperative R&D Policy in an Economic Union Downloads
Jan . Haaland and Hans Jarle Kind
4184: Labour and the Market Value of the Firm Downloads
Monika Merz and Eran Yashiv
4183: European Unemployment and Turbulence Revisited in a Matching Model Downloads
Lars Ljungqvist and Thomas J. Sargent
4182: Awareness and Stock Market Participation Downloads
Luigi Guiso and Tullio Jappelli
4181: Stakeholders, Transparency and Capital Structure Downloads
Andres Almazan, Javier Suarez and Sheridan Titman
4180: Confidence Building on Euro Conversion: Theory and Evidence from Currency Options Downloads
Joost Driessen and Enrico Perotti
4179: Speed and Quality of Collective Decision-Making, I: Imperfect Information Processing Downloads
Hans Peter Grüner and Elisabeth Schulte
4178: Temporary Contracts and Employee Effort Downloads
Axel Engellandt and Regina Therese Riphahn
4177: Independence and Heterogeneity in Games of Incomplete Information Downloads
Robin Mason and Akos Valentinyi
4176: Strategic Financial Innovation in Segmented Markets Downloads
Rohit Rahi and Jean-Pierre Zigrand
4175: Efficiency Gains and Myopic Antitrust Authority in a Dynamic Merger Game Downloads
Massimo Motta and Helder Vasconcelos
4174: Monopoly Practises and Competitive Behaviour in the French Satellite Pay-TV Market Downloads
Michele Cincera and Abdul G. Noury
4173: Aggregate Consequences of Limited Contract Enforceability Downloads
Thomas F. Cooley, Ramon Marimon and Vincenzo Quadrini
4172: Reducing Start-Up Costs for New Firms: The Double Dividend on the Labour Market Downloads
Uwe Dulleck, Paul Frijters and Rudolf Winter-Ebmer
4171: Absorptive Capacity, R&D Spillovers and Public Policy Downloads
Dermot Leahy and J. Peter Neary
4170: Global Sourcing Downloads
Pol Antras and Elhanan Helpman
4169: Optimal Capital Allocation Using RAROC(tm) and EVA Downloads
Neal Stoughton and Josef Zechner
4168: India's Trade Policy For Sale: How Much? Who Buys? Downloads
Olivier Cadot, Jean-Marie Grether and Marcelo Olarreaga
4167: Tariff Evasion and Customs Corruption: Does PSI Help? Downloads
José Ansón, Olivier Cadot and Marcelo Olarreaga
4166: Rules of Origin in North-South Preferential Trading Arrangements with an Application to NAFTA Downloads
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 Downloads
John Driffill, Turalay Kenc, Martin Sola and Fabio Spagnolo
4164: Cross-Border Tax Externalities: Are Budget Deficits too Small? Downloads
Willem Hendrik Buiter and Anne Sibert
4163: Conflicts of Interest and Efficient Contracting in IPOs Downloads
Alexander Ljungqvist
4162: Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations Downloads
Alexander Ljungqvist, Felicia Marston and William J Wilhelm
4161: How Do Legal Differences and Learning Affect Financial Contracts? Downloads
Steven Neil Kaplan, Frederic Martel and Per Stromberg
4160: Strategic Asset Allocation in a Continuous Time VAR Model Downloads
John Y. Campbell, George Chacko, Jorge Rodriguez and Luis M. Viceira
4159: Inequality and Political Consensus Downloads
Hans Peter Grüner
4158: What Happened to Asian Exports During the Crisis? Downloads
Rupa Duttagupta and Antonio Spilimbergo
4157: Does Prestige Matter More than Profits? Evidence from Entrepreneurial Choice Downloads
Mariassunta Giannetti and Andrei Simonov
4156: Self-Selection of Migrant Workers: Migration Premium and (no) Returns to Skills Downloads
Eran Yashiv
4155: Price Discrimination in Markets for Experts' Services Downloads
Uwe Dulleck and Rudolf Kerschbamer
4154: Wage Bargaining with On-The-Job Search: Theory and Evidence Downloads
Pierre Cahuc, Fabien Postel-Vinay and Jean-Marc Robin
4153: Efficiency Wages, Urban Unemployment and Housing Consumption Downloads
Yves Zenou
4152: Globalization and the Evolution of the Supply Chain: Who Gains and Who Loses? Downloads
Masahisa Fujita and Jacques François Thisse
4151: Signalling and Commitment: Monetary versus Inflation Targeting Downloads
Hans Gersbach and Volker Hahn
4150: Why the Apple Doesn't Fall: Understanding Intergenerational Transmission of Human Capital Downloads
Sandra E. Black, Paul J. Devereux and Kjell G Salvanes
4149: Does Responsive Pricing Increase Efficiency? Evidence from Pricing Experiments in an Internet Café Downloads
Pascal Courty and Mario Pagliero
4148: Multinational Bank Regulation with Deposit Insurance and Diversification Effects Downloads
Gyöngyi Lóránth and Alan Morrison
4147: Job Tenure, Wages and Technology: A Reassessment Using Matched Worker-Firm Panel Data Downloads
Pauline GIVORD and Eric Maurin
4146: The Impact of Divorce on School Performance: Evidence from France, 1968-2002 Downloads
Thomas Piketty
4145: Bottled Water - A Case of Pointless Trade? Downloads
Richard Friberg and Mattias Ganslandt
4144: Investment, Wages and Ownership During the Transition to a Market Economy: Evidence from Slovenian Firms Downloads
Janez Prasnikar and Jan Svejnar
4143: Ownership and Firm Performance After Large-Scale Privatization Downloads
Evžen Kočenda and Jan Svejnar
4142: Objectives and Constraints of Entrepreneurs: Evidence from Small and Medium-Size Enterprises in Russia and Bulgaria Downloads
Francesca Pissarides, Miroslav Singer and Jan Svejnar
4141: Naomi Klein and the Anti-Globalization Movement Downloads
Paul Segerstrom
4140: A Theory of North-South Trade and Globalization Downloads
Elias Dinopoulos and Paul Segerstrom
4139: Corporate Venture Capital: The Upside of Failure and Competition for Talent Downloads
Gilles Chemla and Jean-Etienne Henri de Bettignies
4138: The Origins of Spatial Interaction Downloads
Wolfgang Keller and Carol Hua Shiue
4137: Top Indian Incomes, 1956-2000 Downloads
Abhijit Banerjee and Thomas Piketty
4136: Spatial Inequality in Education and Health Care in China Downloads
Ravi Kanbur and Xiaobo Zhang
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