CRC TR 224 Discussion Paper Series

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Corporate Debt Maturity Matters For Monetary Policy

Joachim Jungherr, Matthias Meier, Timo Reinelt and Immo Schott

The Tragedy of the Common Heating Bill

Harald Mayr and Mateus Souza

Strategies Under Strategic Uncertainty

Helene Mass

Optimal Trend Inflation

Klaus Adam and Henning Weber

Successful Entrepreneurs Come From the Top of the Earned Income Distribution

Niklas Garnadt, Lena Füner, Konrad Stahl and Joacim Tåg

Subsidies, Speed and Switching?

Julian Hildalgo and Michelle Sovinsky

Understanding the Sources of Earnings Losses After Job Displacement: A Machine-Learning Approach

Andreas Gulyas and Krzysztof Pytka

Union and Firm Labor Market Power

Miren Azkarate-Askasua and Miguel Zerecero

Corporate Actions as Moral Issues

Zwetelina Iliewa, Elisabeth Kempf and Oliver Spalt

Dutch vs. First-Price Auctions With Expectations-Based Loss-Averse Bidders

Benjamin Balzer, Antonio Rosato and Jonas von Wangenheim

Future Versus Today’s Improvements: The Trade-off of Place-Based Policies

Max Brès, Philipp Kircher and David Koll

Assortative Matching, Interbank Markets, and Monetary Policy

Christian Bittner, Rustam Jamilov and Farzad Saidi

Management Practices and Climate Policy in China

Soo Keong Young, Ulrich Wagner, Peiyao Shen, Laure de Preux, Mirabelle Muȗls, Ralf Martin and Jing Cao

Market Depth, Leverage, and Speculative Bubbles

Zeno Enders and Hendrik Hakenes

Antitrust Fines and Managerial Liability

Jens-Uwe Franck and Till Seyer

The Economics of Fertility: A New Era

Matthias Doepke, Anne Hannusch, Fabian Kindermann and Michele Tertilt

Relational Contracts: Public Versus Private Savings

Francesc Dilme and Daniel Garrett

Differentiation in Risk Profiles

Christina Brinkmann

Dynamic Expert Incentives: Complementarity and Substitutability in Information Acquisition

Tsz-Ning Wong and Ling Yang

Merger Policy in a Quantitative Model of International Trade

Holger Breinlich, Volker Nocke and Nicolas Schutz

Drivers of Switching in Autoinsurance: Evidence from Observable and Exogenous Consideration Sets

Helena Perrone and Fabricio Valiati

More than Joints: Multi-Substance Use, Choice Limitations, and Policy Implications

Michelle Sovinsky, Liana Jacobi, Alessandra Allocca and Tao Sun

Strategic Information Transmission and Efficient Corporate Control

Paul Voß and Marius Kulms

Accounting for Individual-Specific Reliability of Self-Assessed Measures of Economic Preferences and Personality Traits

Thomas Dohmen and Tomáš Jagelka

Endorsements and Referrals: Product Recommendations in Bilateral Trade

Peter Achim, Bojia Li and Ling Yang

Neo-Optimum: A Unifying Solution to the Informed-Principal Problem

Tymofiy Mylovanov and Thomas Tröger

The Welfare Effects of Early Termination Fees in the US Wireless Industry

Joseph Cullen, Nicolas Schutz and Oleksandr Shcherbakov

Barriers to Real-Time Electricity Pricing: Evidence From New Zealand

Charles Pébereau and Kevin Remmy

The Long-Run Effects of STEM-Hours in High School: Evidence From Dutch Administrative Data

Katja Kaufmann and Mark Jeffrey Spils

Hosting Media Bias: Evidence From the Universe of French Broadcasts, 2002-2020

Julia Cagé, Moritz Hengel, Nicolas Hervé and Camille Urvoy

Reputational Bargaining with an Omniscient Type

Silvio Sorbera

May Tax Evasion Help Control Public Debt?

Rosella Levaggi, Francesco Menoncin and Andrea Modena

Being and Consciousness: Fiscal Attitudes according to HANK

Christian Bayer, Alexander Kriwoluzky, Gernot Müller and Fabian Seyrich

Tracing Banks’ Credit Allocation to Their Profits

Anne Duquerroy, Adrien Matray and Farzad Saidi

Limited Awareness and Financial Intermediation

Sarah Auster and Nicola Pavoni

Hedging Along the Global Value Chain: Trade War and Firm Value

Liyan Han, Lei Li, Huiyi Liao and Libo Yin

Bargaining with Binary Private Information

Francesc Dilmé

The Role of Discounting in Bargaining with Private Information

Francesc Dilme

What’s Worth Knowing? Economists’ Opinions About Economics

Peter Andre and Armin Falk

How Families Matter for Understanding Economic Inequality

Cezar Santos and Michèle Tertilt

An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly

Volker Nocke and Nicolas Schutz

Student Performance and Loss Aversion

Heiko Karle, Dirk Engelmann and Martin Peitz

Do Plants Freeze Upon Uncertainty Shocks?

Ariel Mecikovsky and Matthias Meier

Air Quality, High-Skilled Worker Productivity And Adaptation: Evidence From Github

Felix Holub and Beate Thies

The Long-Term Effects of Charity Nurseries: Evidence From Early 20th Century New York

Philipp Ager and Viktor Malein

Worker Heterogeneity and Optimal Unemployment Insurance: The Surprising Power of the Floor

Simon J. Heiler

Pigou Meets Wolinsky: Search, Price Discrimination, and Consumer Sophistication

Carl-Christian Groh, and Jonas von Wangenheim

Simultaneous Bidding in Sealed-bid Auctions

Silvio Sorbera

Come Together: Firm Boundaries and Delegation

Laura Alfaro, Nicholas Bloom, Paola Conconi, Harald Fadinger, Patrick Legros, Andrew F. Newman, Raffaella Sadun and John van Reenen

Visibility of Technology and Cumulative Innovation: Evidence From Trade Secrets Laws

Bernhard Ganglmair and Imke Reimers

Non-Stationary Search and Assortative Matching

Nicolas Bonneton and Christopher Sandmann

Reporting Big News, Missing the Big Picture? Stock Market Performance in the Media

Antonio Ciccone and Felix Rusche

Sequential Choices, Option Values, and the Returns to Education

Manudeep Bhuller, Philipp Eisenhauer and Moritz Mendel

Skill-Biased Imports, Skill Acquisition, and Migration

Jingting Fan and Lei Li

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

Ernst-Ludwig von Thadden