CRC TR 224 Discussion Paper Series

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Ratings, Reviews, Recommendations and the Consumption of Cultural Goods

Paul Belleflamme and Martin Peitz

Labour Supply During Lockdown and a “New Normal”: The Case of the Netherlands

Hans-Martin von Gaudecker, Radost Holler, Lena Janys, Bettina Siflinger and Christian Zimpelmann

Optimal Banking Arrangements: Liquidity Creation Without Financial Fragility

Maxi Günnewig and Yuliyan Mitkov

Ratings with Heterogeneous Preferences

Jonathan Lafky and Robin Ng

A HANK² Model of Monetary Unions

Christian Bayer, Alexander Kriwoluzky, Gernot Müller and Fabian Seyrich

A Simple, Non-Recursive Model of the Spread of COVID-19 With Applications to Policy

Ernst-Ludwig von Thadden

China’s Skill-Biased Imports

Hongbin Li, Lei Li and Hong Ma

Organizational Change and Reference-Dependent Preferences

Klaus M. Schmidt and Jonas von Wangenheim

The Consequences of the COVID-19 Job Losses: Who Will Suffer Most and by How Much?

Yasemin Özdemir

Beyond Vows: Family Structure and Consumption Inequality

Zainab Iftikhar, Theresa Linhard and Hanna Schwank

Optimal Trend Inflation

Klaus Adam and Henning Weber

Hidden Testing and Selective Disclosure of Evidence

Claudia Herresthal

Creditor Rights, Information Sharing, and Borrower Behavior: Theory and Evidence

John H. Boyd, Hendrik Hakenes and Amanda Heitz

Leaning Against Housing Prices as Robustly Optimal Monetary Policy

Klaus Adam and Michael Woodford

Labor Market Effects of Monetary Policy Across Workers and Firms

Lukas Hack, Klodiana Istrefi and Matthias Meier

Income Differences, Productivity and Input-Output Networks

Harald Fadinger, Christian Ghiglino and Mariya Teteryatnikova

Coping with Undesirable Effects of DMA Implementation: Google Search and the Ban on Self-Preferencing

Jens-Uwe Franck and Mauro Hartl

Social Pensions and Intimate Partner Violence Against Older Women

Cristina Bellés-Obrero, Giulia La Mattina and Han Ye

Transparent Matching Mechanisms

Markus Möller

Trust in Vertical Relations

Giacomo Calzolari, Leonardo Felli, Johannes Koenen, Giancarlo Spagnolo and Konrad Stahl

Fragile Boys (and Girls)? Determinants and Long-Term Consequences of Socioemotional Development

Ghazala Azmat, Katja Kaufmann and Yasemin Özdemir

Information Transmission in Voluntary Disclosure Games

Avi Lichtig and Ran Weksler

Merger Policy in a Quantitative Model of International Trade

Holger Breinlich, Volker Nocke and Nicolas Schutz

Unemployment risk, portfolio choice, and the racial wealth gap

Ellora Derenoncourt, Chi Hyun Kim, Moritz Kuhn and Moritz Schularick

Endorsements and Referrals: Product Recommendations in Bilateral Trade

Peter Achim, Bojia Li and Ling Yang

Dynamic Inconsistency in Risky Choice: Evidence From the Lab and Field

Rawley Heimer, Zwetelina Iliewa, Alex Imas and Martin Weber

Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020

Ellora Derenoncourt, Chi Hyun Kim, Moritz Kuhn and Moritz Schularick

The Effect of Climate Policy on Productivity and Cost Pass-Through in the German Manufacturing Sector

Beat Hintermann, Maja Žarković, Corrado Di Maria and Ulrich Wagner

Relational Enforcement

Peter Wagner and Jan Knoepfle

The Effect of Removing Early Retirement on Mortality

Cristina Bellés-Obrero, Sergi Jimenez-Martin and Han Ye

Froebel’s Gifts: How the Kindergarten Movement Changed the American Family

Philipp Ager and Francesco Cinnirella

The Role of Friends in the Opioid Epidemic

Effrosyni Adamopoulou, Jeremy Greenwood, Nezih Guner and Karen Kopecky

Imperfect Banking Competition and the Propagation of Uncertainty Shocks

Tommaso Gasparini

Unequal and Unstable: Income Inequality and Bank Risk

Yuliyan Mitkov and Ulrich Schüwer

COVID-19 Supply Chain Disruptions

Matthias Meier and Eugenio Pinto

All-Pay Oligopolies: Price Competition With Unobservable Inventory Choices

Joao Montez and Nicolas Schutz

The Competitive Impacts of Exclusivity and Price Transparency in Markets With Digital Platforms

Paul Belleflamme and Martin Peitz

Recommendation Power and Competition

Martin Peitz and Anton Sobolev

Market Power of Digital Platforms

Jens-Uwe Franck and Martin Peitz

Existence of a Non-Stationary Equilibrium in Search-And-Matching Models: TU and NTU

Christopher Sandmann and Nicolas Bonneton

Too-Many-To-Fail and the Design of Bailout Regimes

Wolf Wagner and Jing Zeng

Changes in the Distribution of Black and White Wealth Since the US Civil War

Ellora Derenoncourt, Chi Hyun Kim, Moritz Kuhn and Moritz Schularick

Capital Risk, Fiscal Policy, and the Distribution of Wealth

Andrea Modena and Luca Regis

The Geography of Job Creation and Job Destruction

Moritz Kuhn, Iourii Manovskii and Xincheng Qiu

Hidden Testing and Selective Disclosure of Evidence

Claudia Herresthal

Successful Entrepreneurs Come From the Top of the Earned Income Distribution

Niklas Garnadt, Lena Füner, Konrad Stahl and Joacim Tåg

Optimal Disclosure Mandate in Supply Chains

Tsz-Ning Wong, Ling Yang and Andrey Zhukov

Strategic Communication With a Small Conflict of Interest

Francesc Dilme

Partial Compatibility in Oligopoly

Federico Innocenti and Domenico Menicucci

How to Attract Talent? Field-Experimental Evidence on Emphasizing Flexibility and Career Opportunities in Job Advertisements

Larissa Fuchs, Matthias Heinz, Pia Pinger and Max Thon