CESifo Working Paper Series

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1355: Taxes and the Financial Structure of German Inward FDI

Fred Ramb, Alfons J. Weichenrieder and Alfons Weichenrieder

1354: Fiscal and Monetary Interaction: The Role of Asymmetries of the Stability and Growth Pact in EMU

Matteo Governatori and Sylvester Eijffinger

1353: Optimal Degree of Public Information Dissemination

Camille Cornand and Frank Heinemann

1352: The Value of Non-Binding Announcements in Public Goods Experiments: Some Theory and Experimental Evidence

Michael Berlemann, Marcus Dittrich and Gunther Markwardt

1351: Public-Good Valuation and Intrafamily Allocation

Jon Strand

1350: Piracy and Competition

Paul Belleflamme and Pierre Picard

1349: Outsourcing and Trade in a Spatial World

Hartmut Egger and Peter Egger

1348: Exchange Rates and Markov Switching Dynamics

Yin-Wong Cheung and Ulf Erlandsson

1347: The Inter-Institutional Distribution of Power in EU Codecision

Stefan Napel and Mika Widgrén

1346: Contests with Size Effects

Wolfgang Eggert and Martin Kolmar

1345: Two-Sided Markets and Electronic Intermediaries

Bruno Jullien

1344: How Should Large and Small Countries Be Represented in a Currency Union?

Helge Berger and Till Mueller

1343: Equilibrium Unemployment and Capital Intensity Under Product and Labor Market Imperfections

Heikki Kauppi, Erkki Koskela and Rune Stenbacka

1342: A Backward Looking Measure of the Effective Marginal Tax Burden on Investment

Johannes Becker and Clemens Fuest

1341: Calculating Tragedy: Assessing the Costs of Terrorism

Bruno Frey, Simon Luechinger and Alois Stutzer

1340: Combining Dutch Presumptive Capital Income Tax and US Qualified Intermediaries to Set Forth a New System of International Savings Taxation

Marcel Gerard

1339: Political Economy of Commuting Subsidies

Rainald Borck and Matthias Wrede

1338: Fiscal Stabilisation and EMU

Robert Woods

1337: How Changes in Financial Incentives Affect the Duration of Unemployment

Rafael Lalive, Jan C. van Ours, Josef Zweimüller and Jan C. van Ours

1336: Antitrust Analysis of Tying Arrangements

Jay Choi

1335: Why Does Educational Attainment Differ Across U.S. States?

Lutz Hendricks

1333: An Economist’s Guide to Digital Music

Martin Peitz and Patrick Waelbroeck

1332: A Note on Costly Sequential Search and Oligopoly Pricing (new title: Truly Costly Sequential Search and Oligopolistic Pricing,)

Maarten C. W. Janssen, José Luis Moraga Gonzales and Matthijs Wildenbeest

1331: Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure

Mohammad Pesaran

1330: The Effect Heterogeneity of Central Exams: Evidence from TIMSS, TIMSS-Repeat and PISA

Ludger Woessmann

1329: Macroeconomic Sources of Risk in the Term Structure

Hiona Balfoussia, Michael Wickens and Michael R. Wickens

1328: The Impact of Newspapers on Consumer Confidence: Does Spin Bias Exist?

Karel-Jan Alsem, Steven Brakman, Lex Hoogduin and Gerard Kuper

1327: Asymmetric Monetary Transmission in EMU: The Robustness of VAR Conclusions and Cecchetti’s Legal Family Theory

Adam Elbourne, Jakob de Haan and Jakob de Haan

1326: Fertility, Mortality, and the Developed World’s Demographic Transition

Hans Fehr, Sabine Jokisch and Laurence Kotlikoff

1325: Partnership Dissolution, Complementarity, and Investment Incentives

Jianpei Li and Elmar Wolfstetter

1324: Will Stability Last?

William Martin and Robert Rowthorn

1323: Redistribution and Occupational Choice in a Schumpeterian Growth Model

Jean-Francois Wen and Cecilia Garcia-Penalosa

1322: Managerial Hedging and Portfolio Monitoring

Alberto Bisin, Piero Gottardi and Adriano Rampini

1321: Computers and Student Learning: Bivariate and Multivariate Evidence on the Availability and Use of Computers at Home and at School

Thomas Fuchs and Ludger Woessmann

1320: Workings of the Melting Pot: Social Networks and the Evolution of Population Attributes

Jan Brueckner and Oleg Smirnov

1319: Long-Run Selection and the Work Ethic

Jens Josephson and Karl Wärneryd

1318: Monopoly, Inequality and Redistribution via the Public Provision of Private Goods

Margarita Katsimi and Thomas Moutos

1317: Network Markets and Consumer Coordination

Attila Ambrus and Rossella Argenziano

1316: Incentives and Anonymity Principle: Crowding Out Toward Users

Patricia Crifo and Jean-Louis Rullière

1315: Immediate Demand Reduction in Simultaneous Ascending Bid Auctions (new title: Immediate demand reduction in simultaneous ascending-bid auctions: a uniqueness result)

Frank Riedel and Elmar Wolfstetter

1314: A Survey of the Economic Role of Software Platforms in Computer-Based Industries

David Evans, Andrei Hagiu and Richard Schmalensee

1313: Income Segregation and Local Progressive Taxation: Empirical Evidence from Switzerland

Kurt Schmidheiny

1312: EU Merger Control in Differentiated Product Industries

Franco Mariuzzo, Patrick Walsh and Ciara Whelan

1311: Efficiency Effects of Tax Deductions for Work-Related Expenses

Wolfram Richter

1310: Consumption and Keynesian Fiscal Policy

Alfredo Schclarek and Alfredo Schclarek Curutchet

1309: Educational Reform and Disadvantaged Students: Are They Better Off or Worse Off?

John Bishop and Ferran Mane

1308: A Pair-Wise Approach to Testing for Output and Growth Convergence

Mohammad Pesaran

1307: Earlier or Later: A General Equilibrium Analysis of Bringing Forward an Already Announced Tax Reform

Josef Honerkamp, Stefan Moog and Bernd Raffelhüschen

1306: Antitrust Perspectives for Durable-Goods Markets

Michael Waldman

1305: Fiscal Federalism, Fiscal Consolidations and Cuts in Central Government Grants: Evidence from an Event Study

Julia Darby, Vito Muscatelli and Graeme Roy

1304: Strategic Wage Setting and Coordination Frictions with Multiple Applications

Pieter Gautier and Jose Moraga-Gonzalez

1303: Disaster Insurance or a Disastrous Insurance – Natural Disaster Insurance in France

Mario Jametti and Thomas von Ungern-Sternberg

1302: The Use and Abuse of Trust: Social Capital and its Deployment by Early Modern Guilds

Sheilagh Ogilvie

1301: Who Makes the Rules of Globalization?

Alan Deardorff

1300: Market Power and Information Revelation in Dynamic Trading

Piero Gottardi and Roberto Serrano

1299: Institutions and Technological Innovation During Early Economic Growth: Evidence from the Great Inventors of the United States, 1790 – 1930

B. Zorina Khan and Kenneth L. Sokoloff

1298: Reciprocity and Emotions: Arousal, Self-Reports, and Expectations

Gershon Ben-Shakhar, Gary Bornstein, Astrid Hopfensitz and Frans van Winden

1297: An Empirical Analysis of Bundling and Tying: Over-the-Counter Pain Relief and Cold Medicines

David Evans and Michael Salinger

1296: Teacher Quality and Incentives: Theoretical and Empirical Effects of Standards on Teacher Quality

Hendrik Jürges, Wolfram Richter and Kerstin Schneider

1295: The Existence of Informationally Efficient Markets When Individuals Are Rational

Marc-Andreas Muendler

1294: Do Large Cabinets Favor Large Governments? Evidence from Swiss Sub-Federal Jurisdictions

Christoph A. Schaltegger and Lars Feld

1293: The Political Economy of Corruption and the Role of Financial Institutions

Kira Boerner and Christa Hainz

1292: Consumer Search and Oligopolistic Pricing: An Empirical Investigation

Maarten C. W. Janssen, Jose Moraga-Gonzalez and Matthijs Wildenbeest

1291: Non-Welfarist Optimal Taxation and Behavioral Public Economics

Ravi Kanbur, Jukka Pirttilä and Matti Tuomala

1290: Dualism and Cross-Country Growth Regressions

Jonathan Temple and Ludger Woessmann

1289: Market Concentration and Product Variety under Spatial Competition: Evidence from Retail Gasoline

Georg Goetz and Klaus Gugler

1288: Political Repression and Child Labor: Theory and Empirical Evidence

Sandro Maffei, Nikolai Raabe and Heinrich Ursprung

1287: Economics: An Emerging Small World?

Sanjeev Goyal, Marco van der Leij and José Luis Moraga Gonzales

1286: Market Failures and the Under-Provision of Training

Giorgio Brunello and Maria De Paola

1285: Does Risk Aversion Accelerate Optimal Forest Rotation under Uncertainty?

Luis Alvarez and Erkki Koskela

1284: Tax Morale and Optimal Taxation

Werner Güth and Rupert Sausgruber

1283: Nonparametric Regression and the Detection of Turning Points in the Ifo Business Climate

Klaus Abberger

1282: Optimal Incentive Contracts For a Worker Who Envies His Boss

Robert Dur and Amihai Glazer

1281: Growth, Inequality and Labor Markets in LDCs: A Survey

Ayal Kimhi

1280: Inflation Targeting and Nonlinear Policy Rules: The Case of Asymmetric Preferences (new title: The Fed's monetary policy rule and U.S. inflation: The case of asymmetric preferences)

Paolo Surico

1279: Institutions and Development: The Interaction between Trade Regime and Political System

Josef Falkinger and Volker Grossmann

1278: Labor Market Institutions, Wages and Investment

Jorn-Steffen Pischke

1277: Capital Tax Competition with Heterogeneous Firms and Agglomeration Effects (new title: Tax competition with heterogeneous firms)

John Burbidge, Katherine Cuff and John Leach

1276: Exploring the Intensive and Extensive Margins of World Trade

Gabriel Felbermayr, Wilhelm Kohler and Gabriel J. Felbermayr

1275: The Effect of Mandated State Education Spending on Total Local Resources (new title: The effect of state education finance reform on total local resources)

Katherine Baicker and Nora Gordon

1274: Ideological Polarization, Sticky Information, and Policy Reforms

Tomer Blumkin and Volker Grossmann

1273: Welfare Migration: Is the Net Fiscal Burden a Good Measure of its Economics Impact on the Welfare of the Native-Born Population?

Assaf Razin and Efraim Sadka

1272: Taxation and Unemployment: An Applied General Equilibrium Approach

Christoph Boehringer, Stefan Boeters and Michael Feil

1271: Vertical Product Differentiation When Quality is Unobservable to Buyers

Gerhard Orosel and Klaus Zauner

1270: Performance Rating and Yardstick Competition in Social Service Provision

Federico Revelli

1269: Economic Land Use, Ecosystem Services and Microfounded Species Dynamics

Thomas Eichner and Rüdiger Pethig

1268: Too Many Migrants, Too Few Services: A Model of Decision-making on Immigration and Integration with Cultural Distance

Harrie A. A Verbon and Lex Meijdam

1267: Risk Aversion and the Value of Risk to Life

Antoine Bommier and Bertrand Villeneuve

1266: Fending off one Means Fending off all: Evolutionary Stability in Submodular Games (new title: Fending off one means fending off all: evolutionary stability in quasi-submodular aggregative games)

Wolfgang Leininger

1265: Migration and Social Replacement Incomes: How to Protect Low-Income Workers in the Industrialized Countries Against the Forces of Globalization and Market Integration

Hans-Werner Sinn

1264: The X Tax in the World Economy

David Bradford

1263: Look Who’s Talking: ECB Communication during the First Years of EMU

David-Jan Jansen, Jakob de Haan and Jakob de Haan

1262: Efficient Nonanthropocentric Nature Protection

Thomas Eichner and Rüdiger Pethig

1261: How Risky is Investment in Human Capital?

Joop Hartog, Hans van Ophem and Simona Maria Bajdechi

1260: Making Judges Independent – Some Proposals Regarding the Judiciary

Lars Feld and Stefan Voigt

1259: Why is the Public Sector More Labor-Intensive? A Distortionary Tax Argument

Panu Poutvaara and Andreas Wagener

1258: Anonymous Money, Moral Sentiments and Welfare

Vesa Kanniainen and Jenni Pääkkönen

1257: EVA and the Controllability-congruence Trade-off: An Empirical Investigation

François Larmande and Jean-Pierre Ponssard

1256: The Role of the State in Economic Development

Guido Tabellini

1255: How Weak is the Weakest-Link Principle? On the Measurement of Firm Owners’ Control Rights

Jeremy Edwards, Alfons J. Weichenrieder and Alfons Weichenrieder