CESifo Working Paper Series

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1254: International Competition, Slim Firms and Wage Inequality

Klaus Wälde and Pia Weiss

1253: Insecure Property Rights and Growth: The Roles of Appropriation Costs, Wealth Effects, and Heterogeneity

Ngo Long and Gerhard Sorger

1252: Wage Formation under Low Inflation

Steinar Holden

1251: Multiple but Asymmetric Bank Financing: The Case of Relationship Lending

Ralf Elsas, Frank Heinemann and Marcel Tyrell

1250: An Output Perspective on a Northeast Asia Currency Union

Yin-Wong Cheung and Jude Yuen

1249: Economic and Political Liberalizations

Francesco Giavazzi and Guido Tabellini

1248: Corrupt Local Government as Resource Farmers: The Helping Hand and the Grabbing Hand

Engin Dalgic and Ngo Long

1247: Unemployment in the European Union: Institutions, Prices, and Growth

Marika Karanassou, Hector Sala and Dennis Snower

1246: Wide vs. Narrow Tax Bases under Optimal Investment Timing

Paolo Panteghini

1245: Approval of Equal Rights and Gender Differences in Well-Being

Rafael Lalive and Alois Stutzer

1244: Taxation and Heterogeneous Preferences

Sören Blomquist and Vidar Christiansen

1243: On the Economics of Bottle Deposits

Wolfgang Eggert, Alfons J. Weichenrieder and Alfons Weichenrieder

1242: International Trade and Cultural Diversity: A Model of Preference Selection

Vankatesh Bala and Ngo Long

1241: Corporate Tax Systems, Multinational Enterprises, and Economic Integration

Hans Jarle Kind, Helene Midelfart and Guttorm Schjelderup

1240: That Elusive Elasticity: A Long-Panel Approach to Estimating the Capital-Labor Substitution Elasticity

Bob Chirinko, Steven Fazzari and Andrew P. Meyer

1239: Moral Federalism

Eckhard Janeba

1238: The Invisible Hand Plays Dice: Eventualities in Religious Markets

Panu Poutvaara and Andreas Wagener

1237: Forecasting Time Series Subject to Multiple Structural Breaks

Mohammad Pesaran, Davide Pettenuzzo and Allan Timmermann

1236: Measuring Tax Efficiency: A Tax Optimality Index

Pascalis Raimondos and Alan Woodland

1235: What Accounts for International Differences in Student Performance? A Re-Examination Using PISA Data (new title: What accounts for international differences in student performance? A re-examination using PISA)

Thomas Fuchs and Ludger Woessmann

1234: The Welfare State, Redistribution and the Economy, Reciprocal Altruism, Consumer Rivalry and Second Best

Frederick (Rick) van der Ploeg

1233: Random Coefficient Panel Data Models

Cheng Hsiao and Mohammad Pesaran

1232: Modelling Low Pay Transition Probabilities, Accounting for Panel Attrition, Non-Response, and Initial Conditions

Lorenzo Cappellari and Stephen Jenkins

1231: A New Approach to Optimal Commodity Taxation

Stefan Homburg

1230: An Empirically-Based Taxonomy of Dutch Manufacturing: Innovation Policy Implications

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

1229: General Diagnostic Tests for Cross Section Dependence in Panels

Mohammad Pesaran

1228: Politicians’ Motivation, Political Culture, and Electoral Competition

Klaas Beniers and Robert Dur

1227: Sickness Absence and Search Unemployment

Bertil Holmlund

1226: The Exhaustion of Unemployment Benefits in Belgium. Does it Enhance the Probability of Employment?

Bart Cockx and Jean Ries

1225: How to Promote R&D-based Growth? Public Education Expenditure on Scientists and Engineers versus R&D Subsidies

Volker Grossmann

1224: The Effects of Monetary Policy: A Meta-Analysis

Paul De Grauwe, Cláudia Costa Storti and Cláudia Costa Storti

1223: Incentives and Workers’ Motivation in the Public Sector

Josse Delfgaauw and Robert Dur

1222: How Much Does Violence Tax Trade?

Stephen Blomberg and Gregory D. Hess

1221: Tax Competition under Minimum Rates: The Case of European Diesel Excises

Michiel Evers, Herman R.J. Vollebergh and Ruud de Mooij

1220: Time Limits on Welfare Use under Involuntary Unemployment

Christian Holzner, Volker Meier and Martin Werding

1219: Asymmetric Taxation and Cross-Border Investment Decisions

Rainer Niemann

1218: Charitable Giving as a Gift Exchange – Evidence from a Field Experiment (new title: Gift-Exchange in the Field)

Armin Falk

1217: Adverse Selection in an Insurance Market with Government-Guaranteed Subsistence Levels

Bum Kim and Harris Schlesinger

1216: Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure

Amihai Glazer, Vesa Kanniainen and Panu Poutvaara

1215: Contracts, Fairness, and Incentives

Ernst Fehr, Alexander Klein and Klaus Schmidt

1214: Public Pensions in the National Accounts and Public Finance Targets

Heikki Oksanen

1213: Selling Reputation When Going out of Business

Hendrik Hakenes and Martin Peitz

1212: The Connexion Between Old and New Approaches to Financial Satisfaction

Bernard van Praag

1211: Taxation and Rotation Age under Stochastic Forest Stand Value

Luis Alvarez and Erkki Koskela

1210: Welfare Time Limits in the United States – Experiences with a New Welfare-to-Work Approach

Wolfgang Ochel

1209: Population, Population Density, and Technological Change

Stephan Klasen and Thorsten Nestmann

1208: Pollution and Capital Tax Competition within a Regional Block

Costas Hadjiyiannis, Panos Hatzipanayotou and Michael Michael

1207: Computation of Business Cycle Models: A Comparison of Numerical Methods

Burkhard Heer and Alfred Maussner

1206: Real Wages and Business Cycle Asymmetries

Ulrich Woitek

1205: Do Ifo Indicators Help Explain Revisions in German Industrial Production?

Jan Jacobs and Jan-Egbert Sturm

1204: The Role of the IFO Business Climate Indicator and Asset Prices in German Monetary Policy

Elmer Sterken

1203: Forecasting Quarterly German GDP at Monthly Intervals Using Monthly IFO Business Conditions Data

Stefan Mittnik and Peter Zadrozny

1202: Evaluating the German Inventory Cycle – Using Data from the Ifo Business Survey

Thomas Knetsch

1201: Firm Size and Monetary Policy Transmission – Evidence from German Business Survey Data

Michael Ehrmann

1200: A Leading Indicator for the Dutch Economy – Methodological and Empirical Revision of the CPB System

Henk C. Kranendonk, Jan Bonenkamp and Johan Verbruggen

1199: Credibility and Transparency of Central Banks: New Results Based on Ifo’s World Economicy Survey

Sandra Waller, Jakob de Haan and Jakob de Haan

1198: Estate and Capital Gains Taxation: Efficiency and Political Economy Consideration

Saku Aura

1197: When Inefficiency Begets Efficiency

Hans Gersbach and Hans Haller

1196: A Model of Strategic Targeted Advertising

Andrea Galeotti and Jose Moraga-Gonzalez

1195: Privatization Experiences in France

Michel Berne and Gérard Pogorel

1194: Bubbles and Crashes in a Behavioural Finance Model

Paul De Grauwe and Marianna Grimaldi

1193: Optimal Enforcement Policy and Firms’ Emissions and Compliance with Environmental Taxes

Ines Macho-Stadler and David Perez-Castrillo

1192: The Suitability of a Greater China Currency Union

Yin-Wong Cheung and Jude Yuen

1191: Investment Uncertainty, and Production Games

Sjur Flåm and Yuri Ermoliev

1190: What’s in a Name?

Saku Aura and Gregory D. Hess

1189: Efficient Tuition Fees, Examinations, and Subsidies (new title: Efficient tuition fees and subsidies)

Robert Gary-Bobo and Alain Trannoy

1188: Privatisation of Network Industries in Germany: A Disaggregated Approach

Günter Knieps

1187: Privatisation Policy in Spain: Stuck Between Liberalisation and the Protection of Nationals’ Interests

Pablo Arocena

1186: Rent Dissipation in Repeated Entry Games: Some New Results

Jean-Pierre Ponssard

1185: Fair Wages and Human Capital Accumulation in a Global Economy

Udo Kreickemeier

1184: Implications of EU Accession for International Migration: An Assessment of Potential Migration Pressure

Anzelika Zaiceva

1183: Turkish Delight – Does Turkey’s accession to the EU bring economic benefits?

Arjan Lejour and Ruud de Mooij

1182: Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe

Paul De Grauwe and Gunther Schnabl

1181: Genetic Testing and Repulsion from Chance

Michael Hoel, Tor Iversen, Tore Nilssen and Jon Vislie

1180: Leviathans, Federal Transfers, and the Cartelization Hypothesis

Marko Köthenbürger

1179: Labor Market Effects of Economic Integration - The Impact of Re-Unification in German Border Regions

Thiess Büttner and Johannes Rincke

1178: Does Innovation Cause Exports? Evidence from Exogenous Innovation Impulses and Obstacles

Stefan Lachenmaier and Ludger Woessmann

1177: Downward Nominal Wage Rigidity in Europe (new title: The costs of price stability - downward nominal wage rigidity in Europe)

Steinar Holden and Fredrik Wulfsberg

1176: Econometric Issues in the Analysis of Contagion

Mohammad Pesaran and Andreas Pick

1175: Types of Tax Concessions for Attracting Foreign Direct Investment in Free Economic Zones

Chang Woon Nam, Doina Radulescu and Doina Maria Radulescu

1174: Trade, Foreign Direct Investment or Acquisition: Optimal Entry Modes for Multinationals

Theo Eicher and Jong Woo Kang

1173: How to Subvert Democracy: Montesinos in Peru

John McMillan and Pablo Zoido

1172: Tax Competition, Excludable Public Goods and User Charges

Bernd Huber and Marco Runkel

1171: Can Fiscal Policy Help Macroeconomic Stabilisation? Evidence from a New Keynesian Model with Liquidity Constraints

Vito Muscatelli, Patrizio Tirelli and Carmine Trecroci

1170: Privatisation in Ireland

Sean D. Barrett

1169: Real Time Econometrics

Mohammad Pesaran and Allan Timmermann

1168: Exclusive Dealing and Common Agency in International Markets

Horst Raff and Nicolas Schmitt

1167: Shadow Economies around the World: What Do We Know?

Friedrich Schneider and Robert Klinglmair

1166: A Theory of User-Fee Competition

Clemens Fuest and Martin Kolmar

1165: One Country, One Vote? Labor Market Structure and Voting Rights in the ECB

Helge Berger and Carsten Hefeker

1164: The Positive Link Between Financial Liberalization, Growth, and Crises

Aaron Tornell, Frank Westermann and Lorenza Martínez

1163: Using Happiness Surveys to Value Intangibles: The Case of Airport Noise

Bernard M.S. van Praag, Barbara Baarsma and Bernard M.S. van Praag

1162: How Equal Are Educational Opportunities? Family Background and Student Achievement in Europe and the United States

Ludger Woessmann

1161: Transparency, Specialization and FDI (new title: Corporate Transparency, Cream-Skimming and FDI)

Assaf Razin and Efraim Sadka

1160: Crises and Growth: A Re-Evaluation

Romain Ranciere, Aaron Tornell and Frank Westermann

1159: Asian Crises: Theory, Evidence, Warning-Signals

Jerome L. Stein and Guay Lim

1158: Valuing Public Goods: The Life Satisfaction Approach

Bruno Frey, Simon Luechinger and Alois Stutzer

1157: Are Family Allowances and Fertility-related pensions Siamese Twins?

Robert Fenge and Volker Meier

1156: Do Foreign Aid Transfers Distort Incentives and Hurt Growth? Theory and Evidence from 75 Aid-recipient Countries

George Economides, Sarantis Kalyvitis and Apostolis Philippopoulos

1155: NAFTA and Mexico's Economic Performance

Aaron Tornell, Frank Westermann and Lorenza Martínez