CESifo Working Paper Series

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12260: Polarization and Exposure to Cross-Partisan Media in an Electoral Autocracy

Jeremy Bowles, Horacio Larreguy, Shelley Liu and Ahmet Akbiyik

12259: An Empirical Inquiry Into Cartel Overcharges and Cartel Fines Including an Assessment of the EU’s Guidelines on Cartel Fines and Damages

Justus Haucap, Mehmet Karacuka and Hakan Inke

12258: Compensation Design for Carbon Pricing with Horizontal Heterogeneity: Evidence from 88 Countries

Leonard Missbach and Jan Christoph Steckel

12257: The Value of Personalized Recommendations: Evidence from Netflix

Kevin Zielnicki, Guy Aridor, Aurelien Bibaut, Allen Tran, Winston Chou and Nathan Kallus

12256: Gender and Religion: A Survey

Sascha Becker, Jeanet Sinding Bentzen and Chun Chee Kok

12255: The Output Cost of Inheritance

Marius Brülhart, Aurélien Eyquem, Isabel Martínez, Enrico Rubolino and Enrico Rubolino

12254: Wealth Taxation: The Key to Unlocking Capital Gains

Guttorm Schjelderup and Floris Zoutman

12253: Work from Home and Firm Productivity: The Role of ICT and Size

Filippo Boeri, Riccardo Crescenzi and Davide Rigo

12252: Dancing in the Dark: Sentiment Shocks and Economic Activity

Maximilian Boeck, Zeno Enders, Michael Kleemann and Gernot Müller

12251: Educated to Be Mothers? School Reform and Demographic Backlash

Gema Lax-Martinez, Marco Le Moglie and Matteo Sandi

12250: Rating Government Procurement Markets

Tatyana Deryugina, Alminas Zaldokas, Anastassia Fedyk, Yuriy Gorodnichenko, James Hodson and Ilona Sologoub

12249: Socioeconomic Inequality in Longevity: A Multidimensional Approach

Paul Bingley, Claus Thustrup Kreiner and Benjamin Ly Serena

12248: Research Waves

Mariagiovanna Baccara, Gilat Levy and Ronny Razin

12247: Fiscal Responses to Monetary Policy: Insights From a Survey of Government Officials

Andreas Dibiasi, Heiner Mikosch, Samad Sarferaz and Armin Steinbach

12246: Monetary Policy Shocks and Narrative Restrictions: Rules Matter

Efrem Castelnuovo, Giovanni Pellegrino and Laust L. Særkjær

12245: Determinants of US Inequality: Disparities Within or Between Ethnic Groups?

Oded Galor and Daniel Wainstock

12244: The Multinational Capital Advantage

Sarah Clifford and Jakob Miethe

12243: Healthy Self-Interest? Health Dependent Preferences for Fairer Health Care

Marcello Antonini and Joan Costa-i-Font

12242: Air Supremacy Is Not Enough: The Effect of Drone and Air Strikes on Terrorist Attacks in Somalia and Yemen

Adelaide Baronchelli, Alessandra Foresta, Roberto Ricciuti, Flavio Santi and Tadele Tefera

12241: Who Wants Power? Measuring Intrinsic Preferences for Power and Their Behavioral Signature

Francisco Gomez-Martinez and Holger Herz

12240: Training or Retiring? How Labor Markets Adjust to Trade and Technology Shocks

Alexander Bertermann, Wolfgang Dauth, Jens Suedekum and Ludger Woessmann

12239: Intimate Partner Violence and Children's Human Capital

Dan Anderberg, Gloria Moroni and Alexander Vickery

12238: A Cross-Country Study of Preferences for Choice Autonomy

Jana Freundt and Holger Herz

12237: Industrialization and the Return to Labor: Evidence from Prussia

Ann-Kristin Becker and Erik Hornung

12236: How New Business Models Shape Innovation Spillovers: Insights from the New Space Economy

Lars Hornuf and Daniel Vrankar

12235: Science by Consensus: Eliciting Citizens’ and Experts’ R&D Spending Priorities

Francesco Capozza, Krishna Srinivasan and Mattie Toma

12234: How Does Information About Inequalities Affect Fairness Views and Policy Preferences? Evidence from a Randomized Survey Experiment

Julia Baarck, Mathias Dolls and Lisa Windsteiger

12233: Data-Driven Platform Encroachment

Chongwoo Choe, Antoine Dubus, Noriaki Matsushima and Shiva Shekhar

12232: Demand for Carbon-Neutral Products

Stefano Carattini, Fabian Dvorak, Ivana Logar and Begum Ozdemir-Oluk

12231: Rare Disasters, Tail Aversion, and Asset Pricing Puzzles

Gerrit Meyerheim

12230: Uncertainty and Investments in Data and R&D

Siavash Mohades and Maria Savona

12229: Interviews

Elliott Ash, Soumitra Shukla and Jason Sockin

12228: The Marginal Equity-Adjusted Cost of Public Funds

Katinka Kristine Holtsmark and Åsmund Sunde Valseth

12227: The Long-Term Effects of Rank in Elementary School

Elizabeth Dhuey, A. Abigail Payne and Justin Smith

12226: Funding and Defunding Military Spending - 200 Years of Evidence

Armin A. Bolouri, Tim Lohse and Salmai Qari

12225: Contemporaneous and Lagged 𝑅2 Decomposed Connectedness: Evidence for Stock Market Indices, Thematic ETFs, Bitcoin, Brent Crude Oil and Geopolitical Risks

Fekria Belhouichet, Guglielmo Maria Caporale and Luis Alberiko Gil-Alana

12224: The GATT vs Inflation: Tokyo Drift

Andrew Greenland, James Lake and John Lopresti

12223: Does Local Diversity Affect Charitable Giving?

Barış Yörük

12222: Unintended Consequences of Immigration Reform: Marriage Market, Intra-Household Bargaining, and Well-Being

Giulia Briselli and Wookun Kim

12221: Evaluating Search Cost Models: Estimation and Prediction

Adrian Düll, Heiko Karle, Simon Martin and Heiner Schumacher

12220: Populist Ideology, Policy and the Real Economy: Walking the Stick

Ege Asutay, Christopher Ball and Andreas Freytag

12219: A Loan You Can’t Refuse: Credit Rationing and Organized Crime Infiltration of Distressed Firms

Gianmarco Daniele, Marco De Simoni, Domenico J. Marchetti, Giovanna Marcolongo and Paolo Pinotti

12218: Dynamic Platform Competition 'In' and 'For' the Market

Axel Gautier and Jean-Christophe Poudou

12217: Intersecting Shocks: The Combined Labor Market Impacts of Automation and Immigration

Patrick Bennett and Julian Vedeler Johnsen

12216: Household Inflation Uncertainty and Wage Growth Expectations

Philip Schnattinger and Prachi Srivastava

12215: Which Macroeconomic News Matters for Price-Setting?

Lukas Hack and Davud Rostam-Afschar

12214: The Rise of Refinery Margins: The Case of the Energy Tax Cut in Germany

Leonard Gregor and Justus Haucap

12213: Heterogeneous Patience, Population Growth, and Wealth Accumulation

Stéphane Bouché and Mikhail Pakhnin

12212: Why Do Supply Disruptions Lead to Inflation? Survey Evidence from the COVID Pandemic

Thomas Andreas Kohler, Jean-Paul L’Huillier, Gregory Phelan and Maximilian Weiß

12211: The Impact of Cellphone Bans in Schools on Student Outcomes: Evidence from Florida

David Figlio and Umut Özek

12210: Inflation Expectations and Firms' Decisions in High Inflation: Evidence from a Randomized Control Trial

Okan Akarsu, Emrehan Aktuğ and Huzeyfe Torun

12209: Belief Distortions and Uncertainty About Inflation

Stefano Fasani, Giuseppe Pagano Giorgianni, Valeria Patella and Lorenza Rossi

12208: Meritocracy Across Countries

Oriana Bandiera, Ananya Kotia, Ilse Lindenlaub, Christian Moser and Andrea Prat

12207: The Recent Decline in the Physical Stature of the U.S. Population Parallels the Diminution in the Rate of Increase in Life Expectancy

John Komlos

12206: Experiencing Carbon Pricing

Stefano Carattini, Ian Fletcher, Chad Kendall, Michael Price and Arthur Vu

12205: What Are the Effects of Macroeconomic Rates of Return of Investment on Wage Share?

José Alves, José Coelho and Bernardete Moreira

12204: The Demand for Economic Narratives

Sebastian Blesse, Klaus Gründler, Philipp Heil and Henning Hermes

12203: Equilibrium Trade Regimes: Power- vs. Rules-Based

Cecilia Carvalho, Daniel Monte and Emanuel Ornelas

12202: Shift or Share? Anatomy of Profit Shifting and Distributional Effects on Workers

Giulia Aliprandi, Alice Chiocchetti, Manon Francois and Laure Heidmann

12201: Generative AI and Firm Productivity: Field Experiments in Online Retail

Lu Fang, Zhe Yuan, Kaifu Zhang, Dante Donati and Miklos Sarvary

12200: On the Heresthetics of Salience: Competing over Voters’ Attention

Antonella Ianni, Margarita Katsimi and Helia Marreiros

12199: Populist Policymakers

Thushyanthan Baskaran, Zohal Hessami and Alexander Sohl

12198: Strategic Uncertainty and Sequential Play

Ala Avoyan and Daniela Valdivia

12197: The Long-Term Effects of Air Pollution on Health and Labor Market Outcomes: Evidence from Socialist East Germany

Moritz Lubczyk and Maria Waldinger

12196: Climbing the Ladder: The Intergenerational Mobility of Second-Generation Immigrants in France

Simone Moriconi, Mikaël Pasternak, Ahmed Tritah and Nadiya Ukrayinchuk

12195: The Role of Fairness Ideals in Coordination Failure and Success

Andrzej Baranski, Ernesto Reuben and Arno Riedl

12194: Historical Newspaper Markets

Davide Cipullo, Luca V.A. Colombo, Michele Magnani and Massimiliano Gaetano Onorato

12193: Status Seeking Taxpayer and Tax Evasion

Sugata Marjit, Koushik Hati and Lei Yang

12192: Fiscal Drag in Theory and in Practice: A European Perspective

Esteban Garcia-Miralles, Maximilian Freier, Sara Riscado, Chrysa Leventi, Alberto Mazzoni, Glenn Abela, Laura Boyd, Baiba Brusbārde, Marion Cochard, David Cornille, Emanuele Dicarlo, Ian Debattista, Mar Delgado-Téllez, Mathias Dolls, Ludmila Fadejeva, Maria Flevotomou, Florian Henne, Alena Harrer-Bachleitner, Viktor Jaszberenyi-Kiraly, Max Lay, Laura Lehtonen, Mauro Mastrogiacomo, Tara McIndoe Calder, Mathias Moeser, Martin Nevický, Andreas Peichl, Myroslav Pidkuyko, Mojca Roter, Frédérique Savignac, Andreja Strojan Kastelec, Vaidotas Tuzikas, Nikos Ventouris and Lara Wemans

12191: Bend It like Bolsonaro: Global Evidence on the Effect of Populism on Constitutional Compliance

Jerg Gutmann and Martin Rode

12190: On the Back Burner: Experimental Evidence for Energy Transitions

Meera Mahadevan, Adrian Martinez, Ryan McCord, Robyn Meeks and Manisha Pradhananga

12189: Parental Leave and Intimate Partner Violence

Dan Anderberg, Line Hjorth Andersen, N. Meltem Daysal and Mette Ejrnæs

12188: Unbundling the Effects of College on First-Job Search: Returns to Majors, Minors, and Extracurriculars

Jaime Arellano-Bover, Carolina Bussotti, John M. Nunley and Richard Seals

12187: Transshipment Hubs, Trade, and Supply Chains

Anh Do, Sharat Ganapati, Woan Foong Wong and Oren Ziv

12186: Fiscal Policy and Politicians’ Term Length

Davide Cipullo, Federico Franzoni and Jonas Klarin

12185: The Tragedy of the Common Heating Bill

Harald Mayr and Mateus Souza

12184: Gratitude in Fundraising: Do "Thank You in Advance" and Handwritten Thank-You Notes Impact Fundraising Success?

Maja Adena, Levent Neyse and Steffen Huck

12183: Worker Beliefs About Firm Training

Hanna Brosch, Philipp Lergetporer and Florian Schoner

12182: Culture and Constitutional Compliance

Jerg Gutmann, Anna Lewczuk-Czerwińska, Jacek Lewkowicz and Stefan Voigt

12181: Inequality and Market Power: Evidence from the United States and China

Yumin Hu, Luca Macedoni and Mingzhi (Jimmy) Xu

12180: Drivers of New Business Creation in the OECD: The Role of Education and Taxation

Antonio Afonso, M. Carmen Blanco-Arana and Ana J. Cisneros-Ruiz

12179: The 2025 Trade War: Dynamic Impacts Across U.S. States and the Global Economy

Andres Rodriguez-Clare, Feodora A. Teti, Mauricio Ulate, Jose P. Vasquez, Roman D. Zarate, Feodora Teti and Feodora Teti

12178: Conflict and Democratic Preferences

Nicole Stoelinga and Tuuli Tähtinen

12177: Power and Values: The Gap Between Capitalist Mindsets and Capitalism

J. Atsu Amegashie

12176: Decomposing Comparative Development 1880-2020: A Quantitative Dynamic Analysis

Matteo Cervellati, Gerrit Meyerheim and Uwe Sunde

12175: Range Effects in Economic Choice: The Role of Complexity

Tommaso Bondi, Daniel Csaba, Evan Friedman and Salvatore Nunnari

12174: Income, Democracy, and Growth: Reconciling Evidence and Theory

Matteo Cervellati, Gerrit Meyerheim and Uwe Sunde

12173: Gender Gaps in Patience, Risk-Taking, Trust, and Prosociality Have Declined Across Birth Cohorts

Rainer Kotschy and Uwe Sunde

12172: Bargaining Over Taxes

Daniel Overbeck and Eliya Lungu

12171: Persistence in Stock Returns: Robotics and AI ETFs Versus Other Assets

Fekria Belhouichet, Guglielmo Maria Caporale and Luis Alberiko Gil-Alana

12170: Bridging the Ambition Gap in Climate Policy: The Emissions Reduction Potential of Bilateral Emissions Trading Under Article 6.2 of the Paris Agreement

Christoph Böhringer, Carsten Helm and Laura Schürer

12169: Not All Leisure Is Created Equal: Income-Induced Constraints on the Enjoyment of Leisure

Leila Gautham, Clemens Hetschko and Peter Howley

12168: You Get What You Pay For: Electricity Quality and Firm Dynamics

Meera Mahadevan

12167: The Impact of Interest: Firms' Investment Sensitivity to Interest Rates

Lea Best, Benjamin Born and Manuel Menkhoff

12166: The Curse of Flexibility Under Uncertainty

Engin Kara

12165: Ex Ante Heterogeneity, Separations, and Labor Market Dynamics

César Barreto and Christian Merkl

12163: A Tale of Two Startups: The Loss and Gain of Startups in the U.S. Economy in the Pandemic

Robert Fairlie, Frank Fossen, Ke Lyu and Robert W. Fairlie

12162: The Labor Market Consequences of Acquisitions

Jakob Beuschlein, Jósef Sigurdsson and Horng Chern Wong

12161: Clean Hydrogen Pathways: Expert Projections from Australia and Implications for the World

Zarah Thiel, Reza Fazeli, Frank Jotzo and Andreas Löschel

12160: Shaping Future Success: Evidence from an Early Childhood Human Capital Formation Intervention

Deepak Saraswat, Shwetlena Sabarwal, Lindsey Lacey, Natasha Jha, Nishith Prakash and Rachel Cohen