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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. Series data maintained by ().
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3023: Comparative Analysis of Labour Market Outcomes: Lessons for the US from International Long-Run Evidence
Giuseppe Bertola , Francine Blau and Lawrence Kahn
3022: Competition Enhancing Policies and Infrastructure: Evidence from Russia
J. David Brown and John Sutherland Earle
3021: Health Care Reform and the Number of Doctor Visits - An Econometric Analysis
Rainer Winkelmann
3020: Sorting, Education and Inequality
Raquel Fernández
3019: Product Prices and the OECD Cycle
Aart Kraay and Jaume Ventura
3018: Reputation and Reciprocity: Consequences for Labour Relations
Armin Falk and Simon Gächter
3017: Do Incentive Contracts Crowd Out Voluntary Cooperation?
Ernst Fehr and Simon Gächter
3016: On Doctors, Mechanics and Computer Specialists. Or Where are the Problems with Credence Goods?
Uwe Dulleck and Rudolf Kerschbamer
3015: Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints
Francois Ortalo-Magne and Sven Rady
3014: A Theory of Reciprocity
Armin Falk and Urs Fischbacher
3013: Irreversible Investment with Strategic Interactions
Robin Mason and Helen Weeds
3012: Dynamic Processes of Social and Economic Interactions: On the Persistence of Inefficiencies
Armando R Gomes and Philippe Jehiel
3011: Divisionalization in Vertical Structures
Lluis Bru , Jose Manuel Ordoñez de Haro and Ramon Faulí-Oller
3010: Failing Electricity Markets: Should we Shoot the Pools?
Richard John Green
3009: Wage Rigidities in Western Germany: Microeconometric Evidence from the 1990s
Patrick A. Puhani
3008: A General Purpose Technology at Work: The Corliss Steam Engine in the Late 19th Century
Nathan Rosenberg and Manuel Trajtenberg
3007: Administrative Delays as Barriers to Trade
Pierre Regibeau and Katharine Eleanor Rockett
3006: Federal Intervention to Enhance Shareholder Choice
Lucian Bebchuk and Allen Ferrell
3005: Option Prices under Bayesian Learning: Implied Volatility Dynamics and Predictive Densities
Massimo Guidolin and Allan Timmermann
3004: Industrial Clusters: Equilibrium, Welfare and Policy
Victor D Norman and Anthony J. Venables
3003: Collective Decisions with Interdependent Valuations
Hans Peter Grüner and Alexandra Kiel
3002: Optimal Labour Taxation and Search
Jan Boone and Lans Bovenberg
3001: Shopping Hours and Price Competition
Roman Inderst and Andreas Irmen
3000: Comparative Advantage and the Cross-Section of Business Cycles
Aart Kraay and Jaume Ventura
2999: UK Inflation in the 1970s and 1980s: The Role of Output Gap Mismeasurement
Edward Nelson and Kalin Ognianov Nikolov
2998: Capacity Choices in Liberalized Electricity Markets
Fidel Castro-Rodriguez , Pedro Luis Marín Uribe and Georges Siotis
2997: Mean Variance Portfolio Allocation with a Value at Risk Constraint
Enrique Sentana
2996: An Exploration into Pigou's Theory of Cycles
Paul Beaudry and Franck Portier
2995: Regional Underdevelopment: Is FDI the Solution? A Semiparametric Analysis
Sourafel Girma and Katharine Wakelin
2994: Blessing or Curse? Domestic Plants' Survival and Employment Prospects After Foreign Acquisition
Sourafel Girma and Holger Görg
2993: A Microeconometric Evaluation of Active Labour Market Policy in Switzerland
Michael Gerfin and Michael Lechner
2992: How Globalization Improves Governance
Federico Bonaglia , Jorge A. Braga de Macedo and Maurizio Bussolo
2991: Information Structures in Optimal Auctions
Dirk Bergemann and Martin Pesendorfer
2990: Unionized Oligopoly, Trade Liberalization and Location Choice
Kjell Erik Lommerud , Frode Meland and Lars Sørgard
2989: Taxes, Subsidies and Equilibrium Labour Market Outcomes
Dale T. Mortensen and Christopher A Pissarides
2988: Evidence of Information Spillovers in the Production of Investment Banking Services
Lawrence M Benveniste , Alexander Ljungqvist , William J Wilhelm and Xiaoyun Yu
2987: Geography, Trade and Currency Union
Jacques Melitz
2986: Counselling and Monitoring of Unemployed Workers: Theory and Evidence from a Controlled Social Experiment
Gerard J. van den Berg and Bas van der Klaauw
2985: The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries: Micro Evidence from Bulgaria, Romania and Poland
Manuela Angelucci , Saul Estrin , Jozef Konings and Zbigniew Zólkiewski
2984: On the Nature of Fair Behaviour
Armin Falk , Ernst Fehr and Urs Fischbacher
2983: A Macroeconomic Experiment in Mass Immigration
Zvi Hercowitz and Eran Yashiv
2982: Idiosyncratic and Common Shocks to Investment Decisions
Mark Schankerman
2981: Bargaining, Mergers and Technology Choice in Bilaterally Oligopolistic Industries
Roman Inderst and Christian Wey
2980: Flexible Wages Systems and the Structure of Wages: Evidence from Matched Employer-Employee Data
Thomas K. Bauer and Stefan Bender
2979: Labour Market Reform and Monetary Policy in EMU: Do Asymmetries Matter?
Andrew J Hughes Hallett and Nicola Viegi
2978: The Economic Geography of Trade Production and Income: A Survey of Empirics
Henry G. Overman , Stephen James Redding and Anthony J. Venables
2977: Taxes and Privatization
Roger H. Gordon
2976: The District and the Global Economy: Exporting versus Foreign Location
Giorgio Basevi and Gianmarco .P. Ottaviano
2975: Labour Pooling, Labour Poaching and Spatial Clustering
Pierre-Philippe Combes and Gilles Duranton
2974: Country Portfolios
Aart Kraay , Norman V. Loayza , Luis Servén and Jaume Ventura
2973: The World Income Distribution
Daron Acemoglu and Jaume Ventura
2972: Do Multinational Enterprises Substitute Parent Jobs for Foreign Ones? Evidence from European Firm Level Panel Data
Jozef Konings and Alan Murphy
2971: From Sectoral to Functional Urban Specialization
Gilles Duranton and Diego Puga
2970: Shocks and Institutions in a Job Matching Model
Wouter Den Haan , Christian Haefke and Garey Ramey
2969: Liquidity Traps with Global Taylor Rules
Stephanie Schmitt-Grohé and Martín Uribe
2968: Using Employer Hiring Behaviour to Test the Educational Signalling Hypothesis
James Albrecht and Jan van Ours
2967: Corruption and Foreign Direct Investment: Firm-Level Evidence
Beata Smarzynska Javorcik and Shang-Jin Wei
2966: Pollution Havens and Foreign Direct Investment: Dirty Secret or Popular Myth?
Beata Smarzynska Javorcik and Shang-Jin Wei
2965: Belief Dependent Utilities, Aversion to State-Uncertainty and Asset Prices
Pietro Veronesi
2964: A Positive Theory of Geographic Mobility and Social Insurance
John Hassler , Sevi Rodríguez Mora , Kjetil Storesletten and Fabrizio Zilibotti
2963: Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function
Stephanie Schmitt-Grohé and Martín Uribe
2962: EMU and Portfolio Diversification Opportunities
Kpate Adjaoute and Jean-Pierre Danthine
2961: Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model
Fabio Canova and Matteo Ciccarelli
2960: Why are Some People (and Countries) More Protectionist than Others?
Anna Maria Mayda and Dani Rodrik
2959: The Observational Equivalence of Taylor Rule and Taylor-Type Rules
A. Patrick L. Minford , Francesco Perugini and Naveen Srinivasan
2958: Limiting Currency Volatility to Stimulate Goods Market Integration: a Price-Based Approach
David Parsley and Shang-Jin Wei
2956: The European Contribution to International Financial Stability
Richard Portes
2955: The Euro and the International Financial System
Richard Portes
2954: A Monetary Union in Motion: the European Experience
Richard Portes
2953: The Regulation of Entry
Simeon Djankov , Rafael La Porta , Florencio Lopez-de-Silanes and Andrei Shleifer
2952: Gender Wage Gap and Segregation in Late Transition
Stepan Jurajda
2951: Gross Job Flows in Russian Industry Before and After Reforms: Has Destruction Become More Creative?
J. David Brown and John Sutherland Earle
2950: Hardened Budgets and Enterprise Restructuring: Theory and an Application to Romania
Fabrizio Coricelli and Simeon Djankov
2949: Who Disciplines Management in Poorly Performing Companies?
Julian R Franks , Colin Mayer and Luc Renneboog
2948: Avoiding Liquidity Traps
Jess Benhabib , Stephanie Schmitt-Grohé and Martín Uribe
2947: Consumption and Aggregate Constraints: Evidence from US States and Canadian Provinces
Charlotte Ostergaard , Bent E. Sorensen and Oved Yosha
2946: New Evidence of the Impact of Dividend Taxation and on the Identity of the Marginal Investor
Leonie Bell and Tim Jenkinson
2945: Monetary Policy Issues in a Low Inflation Environment
José Viñals
2944: Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based Stabilization
Ariel Tomas Burstein , Joao C Neves and Sergio T Rebelo
2943: Uncovered Interest Parity in Crisis: The Interest Rate Defence in the 1990s
Robert P. Flood and Andrew Kenan Rose
2942: Optimal Fiscal and Monetary Policy Under Sticky Prices
Stephanie Schmitt-Grohé and Martín Uribe
2941: Flexible Inflation Targeting under a Non-Linear Phillipscurve
Sylvester Eijffinger and Willem Verhagen
2940: Consumption Dynamics and Real Exchange Rate
Morten Overgaard Ravn
2939: Rent Sharing in Wage Determination: Evidence from Italy
Barbara Pistoresi and Chiara Strozzi
2938: The Importance of Being Small. Or When Countries are Areas and not Points
Joe Tharakan and Jacques François Thisse
2937: Time-Consistent Protection with Learning by Doing
Eugenio J. Miravete
2936: Borrower Poaching and Information Display in Credit Markets
Jan Bouckaert and Hans Degryse
2935: Internal Capital Markets, Cross-Subsidization and Product Market Competition
Giacinta Cestone and Chiara Fumagalli
2934: Knowledge Spillovers and the Growth of Local Industries
Mario Forni and Sergio Paba
2933: Last Bank Standing: What Do I Gain if You Fail?
Enrico Perotti and Javier Suarez
2932: Growing into Trouble: Indonesia After 1966
Jonathan Temple
2931: UK Monetary Policy 1972-97: A Guide Using Taylor Rules
Edward Nelson
2930: The Aging Population and the Size of the Welfare State
Assaf Razin , Efraim Sadka and Phillip Lee Swagel
2929: Nominal Debt and the Dynamics of Currency Crises
Giancarlo Corsetti and Bartosz Maćkowiak
2928: Free Trade versus Strategic Trade as a Choice Between Two 'Second-best' Policies: A Symmetric versus Asymmetric Information Analysis
Delia Ionascu and Kresimir Zigic
2927: Wage Growth, Productivity Growth, and the Evolution of Employment
Martin F. Hellwig and Andreas Irmen
2926: Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market
Pinelopi Koujianou Goldberg and Frank Verboven
2925: Appropriating the Commons - A Theoretical Explanation
Armin Falk , Ernst Fehr and Urs Fischbacher
2924: Public Education and the Melting Pot
Mark Gradstein and Moshe Justman
2923: The Liquidity Trap in an Open Economy
Willem Hendrik Buiter