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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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1722: Adversarial and Inquisitorial Procedures in Arbitration
Hyun Song Shin
1721: Determinants of Intra-Industry Trade between East and West Europe
Chonira Aturupane , Simeon Djankov and Bernard Hoekman
1720: Monetary Union, Entry Conditions and Economic Reform
Gulcin Ozkan , Anne Sibert and Alan James Sutherland
1719: Shareholders and Stakeholders: Human Capital and Industry Equilibrium
Roberto Ippolito , Marcus H Miller and Lei Zhang
1718: Do Services Differ From Manufacturing? The Post-Entry Performance of Firms in Dutch Services
David B. Audretsch , Luuk Klomp and Roy Thurik
1717: Minimum Price Variations, Time Priority and Quote Dynamics
Tito Cordella and Thierry Foucault
1716: The Behaviour of the Real Exchange Rate: A Re-examination Using Finite Sample Approach
Biing-Shen Kuo and Anne Mikkola
1715: 'I Vont To Be Alone' Transitions to Independent Living, Marriage and Divorce Among Young Americans
Arnstein Aassve , Simon Burgess and Carol Propper
1714: Jobs, Workers and Changes in Earnings Dispersion
Simon Burgess , Julia Lane and David Stevens
1713: The Reallocation of Labour and the Lifecycle of Firms
Simon Burgess , Julia Lane and David Stevens
1712: Job Tenure and Labour Market Regulation: A Comparison of Britain and Italy using Micro Data
Simon Burgess , Lia Pacelli and Hedley Rees
1711: A Disaggregate Analysis of the Evolution of Job Tenure in Britain, 1975-93
Simon Burgess and Hedley Rees
1710: Sources of Growth: the Entrepreneurial versus the Managed Economy
David B. Audretsch and Roy Thurik
1709: Culture, Discrimination and Individual Productivity: Regional Evidence from Personnel Data in a Large Italian Firm
Andrea Ichino and Pietro Ichino
1708: The Labour Market and Corporate Structure
Daron Acemoglu and Andrew F. Newman
1707: Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality
Daron Acemoglu
1706: Wages and the Bargaining Regime in a Corporatist Setting: The Netherlands
Joop Hartog , Edwin Leuven and C. N. Teulings
1705: Protection and Trade in Services: A Survey
Bernard Hoekman and Carlos Primo Braga
1704: Miniblocs and Fringe Currencies of the EMU
Patrick Honohan
1703: Determinants of Korean Trade Flows and their Geographical Destination
Lorenzo Giorgianni and Gian Maria Milesi-Ferretti
1702: Business Cycles and Compositional Variation in US Unemployment
Jaap H. Abbring , Gerard J. van den Berg and Jan van Ours
1701: Debt Relief
Aydin Hayri
1700: Tariffs and Growth in the Late Nineteenth Century
O'Rourke, Kevin H.
1699: Agglomeration in the Global Economy: A Survey of the 'New Economic Geography'
Gianmarco .P. Ottaviano and Diego Puga
1698: Reducing Coal Subsidies and Trade Barriers: Their Contribution to Greenhouse Gas Abatement
Kym Anderson and Warwick J. McKibbin
1697: Inventories, Production Smoothing and the Shape of the Cost Function
Marzio Galeotti , Luigi Guiso , Brian Sack and Fabio Schiantarelli
1696: High-Tech Firms and Credit Rationing
Luigi Guiso
1695: Hostile Stakes and the Role of Banks in German Corporate Governance
Tim Jenkinson and Alexander Ljungqvist
1694: Thinking Creatively About Markets
Paul A. Geroski
1693: Beyond Balanced Growth
Piyabha Kongsamut , Sergio T Rebelo and Danyang Xie
1692: What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms)
Sergio T Rebelo
1691: Are Differences in Firm Size Transitory or Permanent?
Paul A. Geroski , Hossein Samiei and Giovanni Urga
1690: Regional Integration as Diplomacy
Maurice Schiff and L. Alan Winters
1689: On Identifying the Core of EMU: An Exploration of Some Empirical Criteria
Michael John Artis and Wenda Zhang
1688: The Stability Pact: Safeguarding the Credibility of the European Central Bank
Michael John Artis and Bernhard Winkler
1687: Unique Equilibrium in a Model of Self-fulfilling Currency Attacks
Stephen Morris and Hyun Song Shin
1686: Poverty and the Welfare State in Inter-war London
Roy E Bailey and Timothy James Hatton
1685: EMU: Why and How It Might Happen
Charles Wyplosz
1684: Trade and Migration: A Production-Theory Approach
Ulrich Kohli
1683: Heterogeneous Traders and the Unbiasedness Hypothesis: Explaining the Mark/Dollar Bias
Nicos Christodoulakis and Sarantis Kalyvitis
1682: Almost Common Value Auctions: The 'Wallet Game' and its Applications to Takeover Battles and Airwaves Auctions
Paul Klemperer
1681: Unemployment, Growth and Taxation in Industrial Countries
Francesco Daveri and Guido Tabellini
1680: Implications of the Great Depression for the Development of the International Monetary System
Michael David Bordo and Barry Julian Eichengreen
1679: The Earnings Distribution and Returns to Education in Ireland, 1987-94
Alan Barrett , Tim Callan and Brian Thomas Nolan
1678: Preferences, Consumption Smoothing, and Risk Premia
Martin Lettau and Harald Uhlig
1677: The Indeterminacy of the Euro Conversion Rates. Why it Matters and How it can be Solved
Paul De Grauwe
1676: Extracting Information from Asset Prices: The Methodology of EMU Calculators
Carlo Favero , Francesco Giavazzi , Fabrizio Iacone and Guido Tabellini
1675: Youth Unemployment and Government Policy
Mike Orszag and Dennis Snower
1674: Expanding the Welfare System: A Proposal for Reform
Mike Orszag and Dennis Snower
1673: How Will the Euro behave?
Daniel Cohen
1672: Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
Maurice Obstfeld and Alan M. Taylor
1671: R&D Spillovers and the Case for Industrial Policy in an Open Economy
Dermot Leahy and J. Peter Neary
1670: Income and Consumption Smoothing Among US States: Regions or Clubs?
Bent E. Sorensen and Oved Yosha
1669: An Analysis of the 'Stability Pact'
Roel Maria Wilhelmus Jozef Beetsma and Harald Uhlig
1668: A Mixed Blessing: Natural Resources and Economic Growth
Thorvaldur Gylfason , Tryggvi Thor Herbertsson and Gylfi Zoega
1667: The Comparative Analysis of Settlement Systems
Shuji Kobayakawa
1666: Nominal Contracts as Behaviour Towards Risk
A. Patrick L. Minford and Eric Nowell
1665: Bank Solvency, Market Structure, and Monitoring Incentives
Ramon Caminal and Carmen Matutes
1664: Fiscal Rules and the Budget Process
Gian Maria Milesi-Ferretti
1663: Evaluating Portfolio Performance with Stochastic Discount Factors
Magnus Dahlquist and Paul Söderlind
1662: Government Distributional Concerns and Economic Policy During the Transition from Socialism
Roger H. Gordon and David Daokui Li
1661: Were Trade and Factor Mobility Substitutes in History?
William J. Collins , O'Rourke, Kevin H. and Jeffrey Gale Williamson
1660: Globalisation and Migratory Pressures from Developing Countries: A Simulation Analysis
Jaime A.P. de Melo , Charles Ettinger and Riccardo Faini
1659: Regional Integration and Foreign Direct Investment
Magnus Blomström and Ari Kokko
1658: The Economic Institution of International Barter
Dalia Marin and Monika Schnitzer
1657: Taxes and Government Incentives: Eastern Europe vs. China
Roger H. Gordon and David Daokui Li
1656: Regional Integration, Trade, and Migration: Are Demand Linkages Relevant in Europe?
Rodney D. Ludema and Ian Wooton
1655: Debt Concentration and Bargaining Power: Large Banks, Small Banks, and Secondary Prices
Raquel Fernandez and Sule Ozler
1654: Why Firms Form Research Joint Ventures: Theory and Evidence
Lars-Hendrik Röller , Ralph Bernd Siebert and Mihkel Tombak
1653: Some Cross-Country Evidence about Debt, Deficits and the Behaviour of Monetary and Fiscal Authorities
Jacques Melitz
1652: Portfolio Selection and Asset Pricing with Dynamically Incomplete Markets and Time-varying First and Second Moments
Lars Tyge Nielsen and Maria Vassalou
1651: Monotone Risk Aversion
Lars Tyge Nielsen
1650: Parametric Characterizations of Risk Aversion and Prudence
Fatma Lajeri and Lars Tyge Nielsen
1649: Multiple Versus Single Banking Relationships
Enrica Detragiache , Paolo Giorgio Garella and Luigi Guiso
1648: Bid-Ask Spreads with Indirect Competition among Specialists
Thomas P. Gehrig and Matthew O. Jackson
1647: Real Interest Rates, Nominal Shocks, and Real Shocks
John Driffill
1646: The Exchange Rate Policy of the Euro: A Matter of Size?
Philippe Martin
1645: Sequential Investments and Options to Own
Georg Nöldeke and Klaus M. Schmidt
1644: Imperfect Tests and Natural Insurance Monopolies
Winand Emons
1643: How Will Transatlantic Policy Interactions Change with the Advent of EMU?
Barry Julian Eichengreen and Fabio Ghironi
1642: Business Cycles and Long-run Growth
Gilles Saint-Paul
1641: Setting Standards: Information Accumulation in Development
Daron Acemoglu and Fabrizio Zilibotti
1640: Exchange Rate Arrangements between the Ins and the Outs
Paul De Grauwe
1639: On the Japanese Yen-US Dollar Exchange Rate: A Structural Econometric Model Based on Real Interest Differentials
Ronald MacDonald
1638: Setting Conversion Rates for the Third Stage of EMU
Paul De Grauwe and Luigi Spaventa
1637: The Determining Factors of Foreign Direct Investment in Spain and the rest of the OECD: Lessons for CEECs
Carmela Martín and Francisco J. Velazquez
1636: Transition and the Output Fall
Gérard Roland and Thierry A. Verdier
1635: Attribute Dependence and the Provision of Quality
Hans Degryse and Andreas Irmen
1634: Returns to Regionalism: An Evaluation of Non-traditional Gains from RTAs
Raquel Fernandez
1633: The Great Depression as a Watershed: International Capital Mobility over the Long Run
Maurice Obstfeld and Alan M. Taylor
1632: National Policies and Local Economies: Europe and the United States
Mario Forni and Lucrezia Reichlin
1631: Adverse Selection of Investment Projects and the Business Cycle
Pietro Reichlin and Paolo Siconolfi
1630: Money in a Real Business Cycle Model
Roger E. A. Farmer
1629: Putting Things in Order: Patterns of Trade Dynamics and Macroeconomics
Robert C. Feenstra and Andrew Kenan Rose
1628: Quantifying a Dangerous Obsession? Competitiveness and export performance in an OECD Panel of Industries
Wendy Carlin , Andrew John Glyn and John Michael van Reenen
1627: To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints
Raquel Fernandez and Jordi Gali
1626: Multiple Job Holding as a 'Hedge' Against Unemployment
David Nevin Fraser Bell , Robert A. Hart and Robert E. Wright
1625: Excess Capacity as an Incentive Device
Rudolf Kerschbamer and Yanni Tournas
1624: Interjurisdictional Competition and the Efficiency of the Public Sector: The Triumph of the Market over the State?
Michael Rauscher
1623: Optimal Determination of Bookmakers' Betting Odds: Theory and Tests
John Fingleton and Patrick Waldron