CESifo Working Paper Series

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1154: European Airline Mergers, Alliance Consolidation, and Consumer Welfare

Jan Brueckner and Eric Pels

1153: Welfare-to-Work Experiences with Specific Work-First Programmes in Selected Countries

Wolfgang Ochel

1152: Unilateral Emissions Abatement: An Experiment

Bodo Sturm and Joachim Weimann

1151: The Macroeconomic Consequences of Terrorism

Stephen Blomberg, Gregory D. Hess and Athanasios Orphanides

1150: Agglomeration Effects on Employer-Provided Training: Evidence from the UK

Giorgio Brunello and Francesca Gambarotto

1149: International Trade, Labour Turnover, and the Wage Premium: Testing the Bhagwati-Dehejia Hypothesis for Canada

Eugene Beaulieu, Vivek Dehejia and Hazrat-Omar Zakhilwal

1148: Trade, Technology, and Productivity: A Study of Brazilian Manufacturers, 1986-1998

Marc-Andreas Muendler

1147: Geographical Extension of Free Trade Zones as Trade Liberalization: A Numerical Simulation Approach

Chi-Yung Ng and John Whalley

1146: EU Regional Policy: Vertical Fiscal Externalities and Matching Grants

Robert Fenge and Matthias Wrede

1145: Non-Preferential Trading Clubs

Pascalis Raimondos and Alan Woodland

1144: Job Insecurity and Children's Emancipation

Sascha Becker, Samuel Bentolila, Ana Fernandes, Andrea Ichino and Sascha O. Becker

1143: Estimating Production Functions When Productivity Change is Endogenous

Marc-Andreas Muendler

1142: Network Utilities in the U.S. - Sector Reforms without Privatization

Ingo Vogelsang

1141: Money Illusion and Coordination Failure

Ernst Fehr and Jean-Robert Tyran

1140: Economic Growth and Tax-Competing Leviathans

Michael Rauscher

1139: Do Cognitive Test Scores Explain Higher U.S. Wage Inequality?

Francine Blau and Lawrence Kahn

1138: Policy Duration Effect under Zero Interest Rates: An Application of Wavelet Analysis

Kunio Okina and Shigenori Shiratsuka

1137: Bank Fragility in Japan, 1995-2003

Takatoshi Ito and Kimie Harada

1136: Deposit Insurance, Regulatory Forbearance and Economic Growth: Implications for the Japanese Banking Crisis

Robert Dekle and Kenneth Kletzer

1135: Determinants of Voluntary Bank Disclosure: Evidence from Japanese Shinkin Banks

Mark Spiegel and Nobuyoshi Yamori

1134: Exchange Rate Pass-Through in the Deflationary Japan: How Effective is the Yen’s Depreciation for Fighting Deflation?

Eiji Fujii

1133: The Stagnation of Household Consumption in Japan

Charles Yuji Horioka

1132: Privatising Network Industries

David M Newbery

1131: Socially Optimal Royalty Design and Illegal Logging under Alternative Penalty Schemes

Gregory S. Amacher, Erkki Koskela and Markku Ollikainen

1130: Bureaucrats or Politicians?

Alberto Alesina and Guido Tabellini

1129: Exchange Rate Dynamics: Where is the Saddle Path?

Yin-Wong Cheung, Javier Gardeazabal and Jesús Vázquez

1128: Deforestation, Production Intensity and Land Use under Insecure Property Rights

Gregory S. Amacher, Erkki Koskela and Markku Ollikainen

1127: Privatization in Denmark, 1980-2002

Henrik Christoffersen and Martin Paldam

1126: The UK's Privatisation Experiment: The Passage of Time Permits a Sober Assessment

David Parker

1125: Minimum Wage with Optimal Income Taxation

Tomer Blumkin and Efraim Sadka

1124: Does Debt Maturity Matter for Investment Decisions?

Chang Woon Nam, Doina Radulescu and Doina Maria Radulescu

1123: Privatization in Austria: Some Theoretical Reasons and First Results About the Privatization Proceeds

Ansgar Belke and Friedrich Schneider

1122: The Effect of Internet Piracy on CD Sales: Cross-Section Evidence

Martin Peitz and Patrick Waelbroeck

1121: Inequality and Redistribution via the Public Provision of Private Goods

Margarita Katsimi and Thomas Moutos

1120: Determinants of Country Beta Risk in Poland

Piotr Wdowiński

1119: The Impact of Competition on Bank Orientation and Specialization (new titel: The impact of competition on bank orientation)

Hans Degryse and Steven Ongena

1118: Monetary and Fiscal Management, Finance, and Growth

Thorvaldur Gylfason

1117: The Economic Value of Cultural Diversity: Evidence from US Cities

Gianmarco Ottaviano and Giovanni Peri

1116: Transferable Ageing Provisions in Individual Health Insurance Contracts

Florian Baumann, Volker Meier and Martin Werding

1115: How Do Electoral Rules Shape Party Structures, Government Coalitions, and Economic Policies?

Torsten Persson, Gérard Roland and Guido Tabellini

1114: Educating Europe

Panu Poutvaara

1113: Have a Break, Have a... National Currency: When Do Monetary Unions Fall Apart?

Volker Nitsch

1112: The E-Correspondence Principle

George Evans and Seppo Honkapohja

1111: Intra-and International Risk-Sharing in the Short Run and the Long Run

Sascha Becker, Mathias Hoffmann and Sascha O. Becker

1110: Using Taylor Rules to Understand ECB Monetary Policy

Stephan Sauer and Jan-Egbert Sturm

1109: Employment and Taxes

Stephen Nickell

1108: Harmonisation of Old-Age Security Within the European Union

Silke Uebelmesser

1107: Development of Local Public Finance in Europe

Peter Friedrich, Joanna Gwiazda and Chang Woon Nam

1106: Candidate Quality

Panu Poutvaara and Tuomas Takalo

1105: Self-Serving Dictators and Economic Growth

Daniel Haile, Abdolkarim Sadrieh and Harrie A. A Verbon

1104: Information, Polarization and Delegation in Democracy

Christian Schultz

1103: (Why) Do Self-Employed Parents Have More Children?

Nzinga Broussard, Ralph Chami and Gregory Hess

1102: Fiscal Policy, Economic Integration and Unemployment

Wolfgang Eggert and Laszlo Goerke

1101: Sports League Expansion and Economic Efficiency: Monopoly Can Enhance Consumer Welfare

Lawrence Kahn

1100: How Important are Foreign Banks in the Financial Development of European Transition Countries?

Ilko Naaborg, Bert Scholtens, Jakob de Haan, Hanneke Bol, Ralph de Haas and Jakob de Haan

1099: Signaling and Screening of Workers' motivation

Josse Delfgaauw and Robert Dur

1098: Insurance and Incentives in Sharecropping

Luis Braido

1097: Tax Progressivity and Tax Evasion

Laszlo Goerke

1096: Corporate Tax Policy, Foreign Firm Ownership and Thin Capitalization

Clemens Fuest and Thomas Hemmelgarn

1095: From Public Monopsony to Competitive Market: More Efficiency but Higher Prices

Josse Delfgaauw and Robert Dur

1094: Taxes and Venture Capital Support

Christian Keuschnigg and Søren Nielsen

1093: The End of the Stability and Growth Pact?

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

1092: Undescribable Events

Nabil I. Al-Najjar, Luca Anderlini and Leonardo Felli

1091: Employment Transitions in 13 European Countries. Levels, Distributions and Determining Factors of Net Replacement Rates

Herwig Immervoll and Cathal O’Donoghue

1090: Transport Subsidies, System Choice, and Urban Sprawl

Jan Brueckner

1089: Japan's Imbalance of Payments

Nikolas Müller-Plantenberg

1088: Input Versus Output Taxation in an Experimental International Economy

Arno Riedl and Frans van Winden

1087: Decentralized Taxation and the Size of Government: Evidence from Swiss State and Local Governments

Lars Feld, Gebhard Kirchgässner and Christoph A. Schaltegger

1086: Wages, Unemployment, and the Underground Economy

Ann-Sofie Kolm and Birthe Larsen

1085: Employment in the Public Sector

Lorenzo Forni and Raffaela Giordano

1084: Restructuring the ECB

Helge Berger, Jakob de Haan, Robert Inklaar and Jakob de Haan

1083: The Role of Direct Democracy in the European Union

Lars Feld and Gebhard Kirchgässner

1082: On the Elasticities of Harvesting Rules

Fwu-Ranq Chang

1081: Endogenous Wage Rigidity

Jonas Agell and Helge Bennmarker

1080: Market Structure and the Taxation of International Trade

Andreas Haufler and Michael Pflüger

1079: Attention Economies

Josef Falkinger

1078: The Surprising French Employment Performance: What Lessons?

Jean Pisani-Ferry

1077: Social Interactions in Unemployment

Rafael Lalive

1076: Why are Small Firms Different? Managers’ Views

Jonas Agell

1075: Income Taxes, Property Values, and Migration

Amihai Glazer, Vesa Kanniainen and Panu Poutvaara

1074: The Taxation of Financial Capital under Asymmetric Information and the Tax-Competition Paradox

Wolfgang Eggert and Martin Kolmar

1073: Finance, Control, and Profitability: The Influence of German Banks

Bob Chirinko and Julie Elston

1072: Electoral Uncertainty, Fiscal Policies & Growth: Theory and Evidence from Germany, the UK and the US

George Economides, Jim Malley, Apostolis Philippopoulos and Ulrich Woitek

1071: Piracy of Digital Products: A Critical Review of the Economics Literature

Martin Peitz and Patrick Waelbroeck

1070: Pools and Cross-Licensing in the Shadow of Patent Litigation

Jay Choi

1069: Decentralising Wage Bargaining in Germany – A Way to Increase Employment?

Wolfgang Ochel

1068: Time, Risk, Precommitment, and Adverse Selection in Competitive Insurance Markets

Mark V. Pauly

1067: State Intervention on the Market for Natural Damage Insurance in Europe

Thomas von Ungern-Sternberg

1066: Public Policy and Venture Capital Backed Innovation

Christian Keuschnigg

1065: Creating Firms for a New Century: Determinants of Firm Creation around 1900

Joerg Baten

1064: The Hayek Pension: An efficient minimum pension to complement the welfare state

Jakob von Weizsäcker

1063: Health Service Gatekeepers

James Malcomson

1062: Will Social Security and Medicare Remain Viable as the U.S. Population is Aging? An Update

Henning Bohn

1061: Wealth Transfer Taxation: A Survey

Helmuth Cremer and Pierre Pestieau

1060: Fiscal and Monetary Policy Interactions: Empirical Evidence and Optimal Policy Using a Structural New Keynesian Model

Vito Muscatelli, Patrizio Tirelli and Carmine Trecroci

1059: Female Labor Supply and Child Care in France

Philippe Choné, David le Blanc and Isabelle Robert-Bobée

1058: Voting and Nonlinear Taxes in a Stylized Representative Democracy

Henning Bohn and Charles Stuart

1057: Structural Reforms and the Enlargement of Monetary Union

Carsten Hefeker

1056: Exchange Rate Volatility and Employment Growth: Empirical Evidence from the CEE Economies

Ansgar Belke and Ralph Setzer

1055: Income Tax, Consumption Value of Education, and the Choice of Educational Type

Annette Alstadsæter