CESifo Working Paper Series

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2091: Rules versus Discretion in Loan Rate Setting

Geraldo Cerqueiro, Hans Degryse and Steven Ongena

2090: One Chance in a Million: Altruism and the Bone Marrow Registry

Ted Bergstrom, Rodney Garratt and Damien Sheehan-Connor

2089: Are the Elderly a Threat to Educational Expenditures?

Alejandra Cattaneo and Stefan Wolter

2088: International Outsourcing and the Supply Side Productivity Determinants

Arti Grover

2087: Public Policies against Global Warming

Hans-Werner Sinn

2086: Morbidity, Mortality, Health Expenditures and Annuitization

Kam Ki Tang and Jie Zhang

2085: Die Another Day: Duration in German Import Trade

Volker Nitsch

2084: Fiscal Competition, Convergence and Agglomeration

Robert Fenge, Maximilian von Ehrlich and Matthias Wrede

2083: Pareto Optimality in the Extraction of Fossil Fuels and the Greenhouse Effect: A Note

Hans-Werner Sinn

2082: Do Differences in Institutional and Legal Environments Explain Cross-Country Variations in IPO Underpricing?

Axel Dreher and Christian Hopp

2081: Demand for Higher Education Programs: The Impact of the Bologna Process

Fernando Alexandre, Ana Rute Cardoso, Miguel Portela and Carla Sa

2080: Exchange Rates Dynamics in a Target Zone – A Heterogeneous Expectations Approach

Christian Bauer, Paul De Grauwe and Stefan Reitz

2079: Black and White Labor Market Outcomes in the 19th Century American South

Scott A. Carson

2078: On the Fairness of Early Retirement Provisions

Friedrich Breyer and Stefan Hupfeld

2077: Market Access and the Evolution of within Plant Productivity in Chile

Maria Bas and Ivan Ledezma

2076: Gradualism and Uncertainty in International Union Formation

Nikitas Konstantinidis

2075: The Impact of Tax Uncertainty on Irreversible Investment

Rainer Niemann

2074: Institutions and Offshoring Decision

Marcella Nicolini

2073: Tying in Two-Sided Markets with Multi-Homing

Jay Choi

2072: The Choice of Apportionment Factors under Formula Apportionment

Marco Runkel and Guttorm Schjelderup

2071: Trade Costs, Market Access and Economic Geography: Why the Empirical Specification of Trade Costs Matters

Maarten Bosker and Harry Garretsen

2070: Political Stasis or Protectionist Rut? Policy Mechanisms for Trade Reform in a Democracy

Emily Blanchard and Gerald Willmann

2069: Exit and Voice. Yardstick versus Fiscal Competition across Governments

Massimo Bordignon

2068: Social Norms, Cognitive Dissonance and the Timing of Marriage

Alessandro Balestrino and Cinzia Ciardi

2067: The European Union and the Member States: Which Level of Government Should Do what? An Empirical Analysis of Europeans’ Preferences

Floriana Cerniglia and Laura Pagani

2066: 'Whatever Is, Is Right'?, Economic Institutions in Pre-Industrial Europe (Tawney Lecture 2006)

Sheilagh Ogilvie

2065: Hoarding of International Reserves: Mrs Machlup’s Wardrobe and the Joneses

Yin-Wong Cheung and Xingwang Qian

2064: A Rise by Any Other Name? Sensitivity of Growth Regressions to Data Source

Randall Filer, Dana Hájková and Jan Hanousek

2063: Public Goods Provision and Sanctioning in Privileged Groups

Ernesto Reuben and Arno Riedl

2062: What Determines Fiscal Policy? Evidence from German States

Helge Berger and Anika Holler

2061: Local Public Good Provision, Municipal Consolidation, and National Transfers

Robert Dur and Klaas Staal

2060: Interest Rate Linkages in EMU Countries: A Rolling Threshold Vector Error-Correction Approach

Jakob de Haan, Tigran Poghosyan and Jakob de Haan

2059: Regulation and Pricing of Pharmaceuticals: Reference Pricing or Price Cap Regulation?

Kurt Brekke, Astrid Grasdal and Tor Helge Holmås

2058: Policies to Internalize Reciprocal International Spillovers

Martin Altemeyer-Bartscher, Dirk Rübbelke and Eytan Sheshinski

2057: Pension Reform and Labor Market Incentives

Walter Fisher and Christian Keuschnigg

2056: Volatilities and Conditional Correlations in Futures Markets with a Multivariate t Distribution

M. Hashem Pesaran and Bahram Pesaran

2055: What Can Go Wrong Will Go Wrong: Birthday Effects and Early Tracking in the German School System

Hendrik Jürges and Kerstin Schneider

2054: Federal Tax-Transfer Policy and Intergovernmental Pre-Commitment

Marko Köthenbürger

2053: Imperfect Transmission of Tacit Knowledge and other Barriers to Entrepreneurship

Vesa Kanniainen and Panu Poutvaara

2052: A Microfounded Sectoral Model for Open Economies

Jorge Fornero, Tomasz Michalak and Joseph Plasmans

2051: A Role Model for China? Exchange Rate Flexibility and Monetary Policy in Japan

Gunther Schnabl and Christian Danne

2050: Please Bring me the New York Times – On the European Roots of Richard Abel Musgrave

Hans-Werner Sinn

2049: The Effect of Information and Communication Technologies on Urban Structure

Yannis Ioannides, Henry Overman, Esteban Rossi-Hansberg and Kurt Schmidheiny

2048: Fiscal Competition in Space and Time: An Endogenous-Growth Approach

Daniel Becker and Michael Rauscher

2047: It is a Theft but not a Crime

Alessandro Balestrino

2046: Long Run and Cyclical Dynamics in the US Stock Market

Guglielmo Maria Caporale and Luis Gil-Alana

2045: Does High Inflation Cause Central Bankers to Lose their Job? Evidence Based on a New Data Set

Axel Dreher, Jakob de Haan, Jan-Egbert Sturm and Jakob de Haan

2044: Monetary Policy and Swedish Unemployment Fluctuations

Annika Alexius and Bertil Holmlund

2043: Profit Shifting in the EU: Evidence from Germany

Alfons J. Weichenrieder and Alfons Weichenrieder

2042: Is the Notification of Monitoring a Threat to the Unemployed? A Regression Discontinuity Approach

Bart Cockx and Muriel Dejemeppe

2041: Labor Market Regulation and the Legal System

Carsten Hefeker and Michael Neugart

2040: Service Offshoring and White-Collar Employment

Rosario Crino

2039: The Price Puzzle Revisited: Can the Cost Channel Explain a Rise in Inflation after a Monetary Policy Shock?

Steffen Henzel, Oliver Hülsewig, Eric Mayer and Timo Wollmershäuser

2038: Adding Geography to the New Economic Geography

Maarten Bosker, Steven Brakman, Harry Garretsen and Marc Schramm

2037: Public Education Expenditure, Growth and Welfare

Konstantinos Angelopoulos, Jim Malley and Apostolis Philippopoulos

2036: Inflation and Output Dynamics in a Model with Labor Market Search and Capital Accumulation

Burkhard Heer and Alfred Maussner

2035: Determinants of Direct Democracy

Nadia Fiorino and Roberto Ricciuti

2034: International Outsourcing under Monopolistic Competition: Winners and Losers

Viet Do and Ngo Long

2033: Atomistic Congestion Tolls at Concentrated Airports? Seeking a Unified View in the Internalization Debate

Jan Brueckner and Kurt Van Dender

2032: Resale Price Maintenance and Restrictions on Dominant Firm and Industry-Wide Adoption

Øystein Foros, Hans Jarle Kind and Greg Shaffer

2031: Strategic Tax Collection and Fiscal Decentralisation: The Case of Russia

Lars Feld and Alexander Libman

2030: Social Exchange and Common Agency in Organizations

Robert Dur and Hein Roelfsema

2029: Patterns of Current Account Adjustment – Insights from Past Experience

Bernardina Algieri and Thierry Bracke

2028: Labour Market Rigidities, Financial Integration and International Risk Sharing in the OECD

Jarko Fidrmuc, Neil Foster-McGregor and Johann Scharler

2027: Strategic R&D with Knowledge Spillovers and Endogenous Time to Complete

Peter Kort, Ruslan Lukach and Joseph Plasmans

2026: Leaky Bucket in the Real World: Estimating Inequality Aversion Using Survey Data

Jukka Pirttilä and Roope Uusitalo

2025: The Economics of Politically Connected Firms

Jay Choi and Marcel Thum

2024: Tax Progression under Collective Wage Bargaining and Individual Effort Determination

Erkki Koskela and Ronnie Schöb

2023: Exchange Rate Volatility and Growth in Emerging Europe and East Asia

Gunther Schnabl

2022: Biodiversity and Geography

Edward Barbier and Michael Rauscher

2021: Size and Development of the Shadow Economy and of Do-it-yourself Activities in Germany

Andreas Bühn, Alexander Karmann and Friedrich Schneider

2020: Transfer Pricing or Formula Apportionment? Tax-Induced Distortions of Multinationals’ Investment and Production Decisions

Jan Thomas Martini, Rainer Niemann and Dirk Simons

2019: Overprotected Politicians

Bruno Frey

2018: Endogenous Skill Formation and the Source Country Effects of International Labor Market Integration

Hartmut Egger, Gabriel Felbermayr and Gabriel J. Felbermayr

2017: The Economic Effects of Constitutions: Replicating – and Extending – Persson and Tabellini

Lorenz Blume, Jens Müller, Stefan Voigt and Carsten Wolf

2016: The Growth Effect of Democracy: Is it Heterogenous and how can it be Estimated?

Torsten Persson and Guido Tabellini

2015: Effects of Innovation on Employment: A Dynamic Panel Analysis

Stefan Lachenmaier and Horst Rottmann

2014: Rules of Proof, Courts, and Incentives

Dominique Demougin and Claude Fluet

2013: Greasing the Wheels of Entrepreneurship? The Impact of Regulations and Corruption on Firm Entry

Axel Dreher and Martin Gassebner

2012: On the Evolution of Market Institutions: The Platform Design Paradox

Carlos Alós-Ferrer, Georg Kirchsteiger and Markus Walzl

2011: Negative Intra-Group Externalities in Two-Sided Markets

Paul Belleflamme and Eric Toulemonde

2010: Lumpy Price Adjustments: A Microeconometric Analysis

Emmanuel Dhyne, Catherine Fuss, Mohammad Pesaran and Patrick Sevestre

2009: Downward Nominal Wage Rigidity in the OECD

Steinar Holden and Fredrik Wulfsberg

2008: Judiciaries in Corrupt Societies

Mikael Priks

2007: Macroeconomic Consequences of Distributional Conflicts

Andreas Schäfer and Thomas Steger

2006: Preemption, Start-Up Decisions and the Firms’ Capital Structure

Michele Moretto and Paolo Panteghini

2005: Income Taxation of Couples and the Tax Unit Choice

Helmuth Cremer, Jean-Marie Lozachmeur and Pierre Pestieau

2004: Migrating Football Players, Transfer Fees and Migration Controls

Harrie A. A Verbon

2003: Incorporating Affirmative Action into the Welfare State

Tomer Blumkin, Yoram Margalioth and Efraim Sadka

2002: The Looks of a Winner: Beauty, Gender, and Electoral Success

Niclas Berggren, Henrik Jordahl and Panu Poutvaara

2001: Monetary Commitment, Institutional Constraints and Inflation: Empirical Evidence for OECD Countries since the 1970s

Andreas Freytag and Friedrich Schneider

2000: Firm Heterogeneity and the Labour Market Effects of Trade Liberalisation

Hartmut Egger and Udo Kreickemeier

1999: Political Pressures and Monetary Mystique

Petra Geraats

1998: The Fisher/Cobb-Douglas Paradox, Factor Shares, and Cointegration

Bob Chirinko and Debdulal Mallick

1997: Equal Sacrifice and Fair Burden Sharing in a Public Goods Economy

Wolfgang Buchholz and Wolfgang Peters

1996: Moral Hazard and the Composition of Transfers: Theory with an Application to Foreign Aid

J. Atsu Amegashie, Bazoumana Ouattara and Eric Strobl

1995: Leniency Programs in a Multimarket Setting: Amnesty Plus and Penalty Plus

Catherine Roux and Thomas von Ungern-Sternberg

1994: The International Economics of Natural Resources and Growth

Thorvaldur Gylfason

1993: Bribery vs. Extortion: Allowing the Lesser of two Evils

Fahad Khalil, Jacques Lawarree and Sungho Yun

1992: The Behavior of the Maximum Likelihood Estimator of Dynamic Panel Data Sample Selection Models

Wladimir Raymond, Pierre Mohnen, Franz Palm and Sybrand Schim van der Loeff