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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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3180: Platform Divergence, Political Efficiency and the Median Voter Theorem Downloads
Juan D Carrillo and Micael Castanheira
3179: Low Returns in R&D Due to Lack of Entrepreneurial Skills Downloads
Claudio Michelacci
3178: Why Are Rates of Inflation So Low After large Devaluations Downloads
Ariel Burstein, Martin Eichenbaum and Sergio Rebelo
3177: Private Benefits of Control: An International Comparison Downloads
Isaac Dyck and Luigi Zingales
3176: Estimating Urban Road Congestion Charges Downloads
David M Newbery and Georgina Santos
3175: Discrimination and Nepotism: The Efficiency of the Anonymity Rule Downloads
Chaim Fershtman, Uri Gneezy and Frank Verboven
3174: Endogenous Lobbying Downloads
Leonardo Felli and Antonio Merlo
3173: Stock Market Quality in the Prescence of a Traded Option Downloads
Cyriel de Jong, Kees Koedijk and Charles Schnitzlein
3172: Increased Correlation in Bear markets: A Downside Risk Perspective Downloads
Rachel Campbell, Kees Koedijk and Paul Kofman
3171: China, GMOs and World Trade in Agricultural and Textile Products Downloads
Kym Anderson and Shunli Yao
3170: How Can South Asia and Sub-Saharan Africa Gain from the Next WTO Round Downloads
Kym Anderson and Shunli Yao
3169: Globalization of the Worlds Wine Markets Downloads
Kym Anderson, David Norman and Glyn Wittwer
3168: What Do State-Owned Firms Maximize? Evidence from the Italian Banks Downloads
Paola Sapienza
3167: Who Must Pay Bribes and How Much? Downloads
Jakob Svensson
3166: Investment Liberalization - Who Benefits from Cross Border Mergers Downloads
Pehr-Johan Norbäck and Lars Persson
3165: Outsourcing in a Global Economy Downloads
Gene Grossman and Elhanan Helpman
3164: An Empirical Investigation of Gaming Responses to Explicit Performance Incentives Downloads
Pascal Courty and Gerald Marschke
3163: The Incentives for Takeover in Oligopoly Downloads
Roman Inderst and Christian Wey
3162: Innovation and Market Structure: An Empirical Evaluation of the 'Bounds Approach' in the Chemical Industry Downloads
Pedro Luis Marín Uribe and Georges Siotis
3161: Hedonic House Prices Without Characteristics: The Case of New Multiunit Housing Downloads
Olympia Bover and Pilar Velilla Lucini
3160: Dealer Pricing of Consumer Credit Downloads
Giuseppe Bertola, Stefan Hochguertel and Winfried Koeniger
3159: Fixing Swiss Potholes: The Importance of Improvements Downloads
Michael Dueker and Andreas Fischer
3158: Immigration and Heterogeneous Labour in Western Germany: A Labour Market Classification Based on Nonparametric Estimation Downloads
Markus Fröhlich and Patrick Puhani
3157: One Reason Countries Pay Their Debts: Renegotiation and International Trade Downloads
Andrew Rose
3156: Giving Up the Swiss Franc: Some Consideration on Seigniorage Flows Under EMU Downloads
Andreas Fischer, Thomas J. Jordan and Caeser P Lack
3155: Preferences for Redistribution in the Land of Opportunities Downloads
Alberto F Alesina and Eliana La Ferrara
3154: Business Cycles With Heterogenous Agents Downloads
Roger Farmer
3153: External Wealth, the Trade Balance and the Real Exchange Rate Downloads
Philip Lane and Gian Maria Milesi-Ferretti
3152: Multinational Investment, Industry Risk and Policy Competition Downloads
Jan . Haaland and Ian Wooton
3151: Multinational Knowledge Spillovers with Centralized versus Decentralized R&D: A Game Theoretic Approach Downloads
Francesca Sanna-Randaccio and Reinhilde Veugelers
3150: Some Evolutionary Foundations for Price Level Rigidity Downloads
Gilles Saint-Paul
3149: Self Control in Peer Groups Downloads
Marco Battaglini, Roland Benabou and Jean Tirole
3148: Macroeconomic Sources of FOREX Risk Downloads
Peter Smith and Michael Wickens
3147: Reciprocity and the Political Economy of Harmonization and Mutual Recognition of Regulatory Measures Downloads
Akiko Suwa Eisenmann and Thierry Verdier
3146: Do Financial Variables Help Forecasting Inflation and Real Activity in the Euro Area? Downloads
Mario Forni, Marc Hallin, Marco Lippi and Lucrezia Reichlin
3145: An Evaluation of International Asset Pricing Models Downloads
Magnus Dahlquist and Torbjorn Sallstrom
3144: Macroeconomic Influences on Optimal Asset Allocation Downloads
Thomas Flavin and Michael Wickens
3143: Willpower and Personal Rules Downloads
Roland Benabou and Jean Tirole
3142: The Solow Productivity Paradox in Historical Perspective Downloads
Nicholas Crafts
3141: Land Distribution, Incentives and the Choice of Production Techniques in Nicaragua Downloads
Oriana Bandiera
3140: Optimal Defaults for Corporate Law Evolution Downloads
Lucian Bebchuk and Assaf Hamdani
3139: Development of Ownership Structure and its Effect on Performance: Czech Firms from Mass Privatisation Downloads
Evžen Kočenda
3138: Is the Allocation of Public Capital Across the Spanish Regions too Redistributive? Downloads
Angel de La Fuente
3137: Regional Convergence in Spain, 1965-95 Downloads
Angel de La Fuente
3136: Why are a Third of People Indian and Chinese? Trade, Industrialization and Demographic Transition Downloads
Oded Galor and Andrew Mountford
3135: Does Geographical Agglomeration Foster Economic Growth? And Who Gains and Looses From It? Downloads
Masahisa Fujita and Jacques Thisse
3134: Information Sharing, Research Co-Ordination and Membership of Research Joint Ventures Downloads
Giorgio Barba Navaretti, Patrizia Bussoli, David Ulph and Georg von Graevenitz
3133: International Technology Diffusion Downloads
Wolfgang Keller
3132: Handcuffs for the Grabbing Hand? Media Capture and Government Accountability Downloads
Timothy Besley and Andrea Prat
3131: Does Tax Competition Raise Voter Welfare? Downloads
Timothy Besley and Michael Smart
3130: Capital Redistribution and the Market Allocation of Firm-Ownership Downloads
Hans Peter Grüner and Ruediger Schils
3129: Globalization, Industrial Policy and Clusters Downloads
Rikard Forslid and Karen Helene Ulltveit-Moe
3128: Corporate Growth and FDI: Are Multinationals Stimulating Local Industrial Development? Downloads
Georgios Fotopoulos and Helen Louri
3127: Free Trade and Protection of Intellectual Property Rights: Can We Have One Without the Other? Downloads
Ai Ting Goh and Jacques Olivier
3126: On the (Non) Paradox of (Not) Voting Downloads
Micael Castanheira
3125: Commodity Market Integration 1500-2000 Downloads
Ronald Findlay and Kevin O'Rourke
3124: Civil War, Public Goods and the Social Wealth of Nations Downloads
Ravi Kanbur and David Pottebaum
3123: Private States and the Enforcement of Property Rights - Theory and Evidence on the Origins of the Sicilian Mafia Downloads
Oriana Bandiera
3122: Banking Passivity and Regulatory Failure in Emerging Markets: Theory and Evidence from the Czech Republic Downloads
Jan Hanousek and Gérard Roland
3121: The Predictive Value of Subjective Labour Supply Data: A Dynamic Panel Data Model with Measurement Error Downloads
Rob Euwals
3120: A Theory of Currency Denomination of International Trade Downloads
Philippe Bacchetta and Eric van Wincoop
3119: Factor Forecasts for the UK Downloads
Michael Artis, Anindya Banerjee and Massimiliano Marcellino
3118: International Protection of Intellectual Property Downloads
Gene Grossman and Edwin Lai
3117: The Political Economy of International Unions Downloads
Alberto F Alesina, Ignazio Angeloni and Federico Etro
3116: Is Cannabis a Stepping-Stone for Cocaine? Downloads
Jan van Ours
3115: What Does the European Union Do? Downloads
Alberto F Alesina, Ignazio Angeloni and Ludger Schuknecht
3114: Taste Heterogeneity, Labour Mobility and Economic Geography Downloads
Takatoshi Tabuchi and Jacques Thisse
3113: Monetary Policy With Uncertain Central Bank Preferences Downloads
Anne Sibert
3112: Executive Compensation in America: Optimal Contracting or Extraction of Rents Downloads
Lucian Bebchuk, Jesse Fried and David Walker
3111: Breakdown of Will and the Value of Information Downloads
Astrid Kuehn and Achim Wambach
3110: Financing Decisions of Firms and Central Bank Policy Downloads
Ai Ting Goh and Jacques Olivier
3109: Taking the Bite Out of Fiscal Competition Downloads
Moshe Justman, Jacques Thisse and Tanguy van Ypersele
3108: EuroCOIN: A Real Time Coincident Indicator of the Euro Area Business Cycle Downloads
Filippo Altissimo, Antonio Bassanetti, Riccardo Cristadoro, Mario Forni, Marc Hallin, Marco Lippi, Lucrezia Reichlin and Giovanni Veronese
3107: Self-Enforcing Intergenerational Transfers and the Provision of Education Downloads
Dan Anderberg and Alessandro Balestrino
3106: Wealth Distribution and Interest Rates: Empirical Evidence for the US Downloads
Hans Peter Grüner
3105: Measuring and Modelling Variation in the Risk-Return Trade-off Downloads
Martin Lettau and Sydney Ludvigson
3104: Understanding Trend and Cycle in Asset Values: Bulls, Bears and the Wealth Effect on Consumption Downloads
Martin Lettau and Sydney Ludvigson
3103: Time-Varying Risk Premia and the Cost of Capital: An Alternative Implication of the Q Theory of Investment Downloads
Martin Lettau and Sydney Ludvigson
3102: Time-Varying Market Integration and Expected Returns in Emerging Markets Downloads
Frank de Jong and Frans de Roon
3101: On the 'Conquest' of Inflation Downloads
Andrea Gerali and Francesco Lippi
3100: The Phillips Curves Across the Atlantic: It is the Price Curves that Differ Downloads
Daniel Cohen and Emmanuel Farhi
3099: Redistribution and Education Subsidies are Siamese Twins Downloads
Lans Bovenberg and Bas Jacobs
3098: Large Datasets, Small Models and Monetary Policy in Europe Downloads
Carlo Favero and Massimiliano Marcellino
3097: A Core Inflation Index for the Euro Area Downloads
Riccardo Cristadoro, Mario Forni, Lucrezia Reichlin and Giovanni Veronese
3096: Closing Small Open Economy Models Downloads
Stephanie Schmitt-Grohé and Martín Uribe
3095: Trade and Productivity Downloads
Francisco Alcalá and Antonio Ciccone
3094: The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools Downloads
Bronwyn Hall, Adam Jaffe and Manuel Trajtenberg
3093: Enforcing Intellectual Property Rights Downloads
Jean O Lanjouw and Mark Schankerman
3092: A Corporate Balance Sheet Approach to Currency Crises Downloads
Philippe Aghion, Philippe Bacchetta and Abhijit Banerjee
3091: An Econometric Analysis of the Mental-Health Effects of Major Events in the Life of Elderly Individuals Downloads
Maarten Lindeboom, France Portrait and Gerard van den Berg
3090: The Overnight Interbank Market: Evidence from the G7 and the Euro Zone Downloads
Leonardo Bartolini, Giuseppe Bertola and Alessandro Prati
3089: Tax Rates and Tax Evasion: Evidence from 'Missing Imports' in China Downloads
Raymond Fisman and Shang-Jin Wei
3088: Globalization and Inequality: Evidence from within China Downloads
Shang-Jin Wei and Yi Wu
3087: Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe: Just Do It Downloads
Marc Flandreau and Mathilde Maurel
3086: Portfolio Diversification: Alive and Well in Euroland! Downloads
Kpate Adjaoute and Jean-Pierre Danthine
3085: A Transaction Level Study of the Effects of Central Bank Intervention of Exchange Rates Downloads
Richard Payne and Paolo Vitale
3084: Taxation if Capital is Not Perfectly Mobile: Tax Competition versus Tax Exportation Downloads
Sylvester Eijffinger and Wolf Wagner
3083: The 'New Keynesian' Phillips Curve: Closed Economy versus Open Economy Downloads
Assaf Razin and Chi-Wa Yuen
3082: Optimal Unemployment Insurance with Monitoring and Sanctions Downloads
Jan Boone, Peter Fredriksson, Bertil Holmlund and Jan van Ours
3081: The Microstructure of the Euro Money Market Downloads
Philipp Hartmann, Michele Manna and Andres Manzanares
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