CESifo Working Paper Series

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1054: Which School Systems Sort Weaker Students into Smaller Classes? International Evidence

Martin R. West and Ludger Woessmann

1053: Is there a European Business Cycle?

Michael Artis

1052: Is the Collective Model of Labor Supply Useful for Tax Policy Analysis? A Simulation Exercise

Olivier Bargain and Nicolas Moreau

1051: Output Smoothing in EMU and OECD: Can We Forego Government Contribution? A Risk Sharing Approach

Carlos Marinheiro

1050: On the Optimality of PAYG Pension Systems in an Endogenous Fertility Setting

Gemma Abio, Geraldine Mahieu and Concepció Patxot

1049: Imitation - Theory and Experimental Evidence

Jose Alpesteguia, Steffen Huck and Jörg Oechssler

1048: Insiders, Outsiders, and the Underground Economy

Dan Anderberg

1047: Firm Size and Diversification: Asymmetric Multiproduct Firms under Cournot Competition

Volker Grossmann

1046: The Firm as a Pool of Factor Complementarities

Assar Lindbeck and Dennis Snower

1045: Bubbling and Crashing Exchange Rates

Marianna Grimaldi and Paul De Grauwe

1044: Tainted Money? Contribution Limits and the Effectiveness of Campaign Spending

Thomas Stratmann

1043: Stochastic Optimal Control Modeling of Debt Crises

Jerome L. Stein

1042: Transatlantic Monetary and Fiscal Policy Interaction

Bas van Aarle, Harry Garretsen, Florence Huart and Bas Van Aarle

1041: Improving the Equity-Efficiency Trade-off: Mandatory Savings Accounts for Social Insurance

Lans Bovenberg and Peter Birch Sørensen

1040: Investment Size and Firm's Value under Profit Sharing Regulation

Michele Moretto, Paolo Panteghini and Carlo Scarpa

1039: Privatizing Social Security Under Balanced-Budget Constraints: A Political-Economy Approach

Assaf Razin and Efraim Sadka

1038: Capital-skill Complementarity and the Redistributive Effects of Social Security Reform

Alessandra Casarico and Carlo Devillanova

1037: Social Capital and Collusion: The Case of Merchant Guilds

Roberta Dessi and Sheilagh Olgivie

1036: Neutral Taxation of Shareholder Income: A Norwegian Tax Reform Proposal

Peter Birch Sørensen

1035: Tax Policy and Labor Market Performance

Lans Bovenberg

1034: An Assessment of the Impact of HIV/AIDS on Economic Growth: The Case of Kenya

Maureen Were and Nancy N. Nafula

1033: The Relationships Between Costs and User Charges: The Case of a Norwegian Utility Service

Lars-Erik Borge and Jorn Rattso

1032: Decentralization and the Fate of Minorities

Kjetil Bjorvatn and Alexander Cappelen

1031: Identification and Estimation of Hedonic Models

Ivar Ekeland, James J. Heckman and Lars Nesheim

1030: Relationship Between Maternal Behavior During Pregnancy, Birth Outcome, and Early Childhood Development: An Exploratory Study

Kai Li and Dale J. Poirier

1029: Bargaining and Distribution of Power in the EU's Conciliation Committee

Stefan Napel and Mika Widgrén

1028: From the Tallest to (One of) the Fattest: The Enigmatic Fate of the American Population in the 20th Century

John Komlos and Marieluise Baur

1027: Bio-Demographic and Health Aspects of Ageing in the EU

José A. Herce, Namkee Ahn, Ricard Génova and Joaquín Pereira

1026: Bailing Out Expectations and Health Expenditure in Italy

Massimo Bordignon and Gilberto Turati

1025: Optimal Taxation and Normalisations

Bjørn Sandvik

1024: Skills’ Substitutability and Technological Progress: U.S. States 1950-1990

Antonio Ciccone and Giovanni Peri

1023: The Governance of Globalization: The Political Economy of Anglo-American Hegemony, 1793-2003

Patrick K. O’Brien

1022: Good Jobs, Bad Jobs and Redistribution

Kjell Lommerud, Bjørn Sandvik and Odd Rune Staume

1021: Demographics and Volatile Social Security Wealth: Political Risks of Benefit Rule Changes in Germany

Christoph Borgmann and Matthias Heidler

1020: Following in their Footsteps: Comparing Interest Parity Conditions in Central European Economies to the Euro Countries

Kashif Mansori

1019: Optimal Unemployment Insurance Design: Time Limits, Monitoring, or Workfare?

Peter Fredriksson and Bertil Holmlund

1018: The Dual Income Tax and Firms' Income Shifting through the Choice of Organizational Form and Real Capital Investments

Annette Alstadsæter

1017: Fiscal Federalism and Endogenous Lobbies' Formation

Massimo Bordignon, Luca Colombo and Umberto Galmarini

1016: Searching for Keynes: An Essay on the Political Economy of Fiscal Policy, with Application to Canada, 1870-2000 - revised version

Stanley Winer and J. Stephen Ferris

1015: Towards a Macro-Prudential Leading Indicators Framework for Monitoring Financial Vulnerability

Biswanath Bhattacharyay

1014: Simulation and Estimation of Hedonic Models

James J. Heckman

1013: Taxation and Valuation of International Real Investments

Jouko Ylä-Liedenpohja

1012: Privatisation and Public Ownership in Finland

Johan Willner

1011: Profit Tax Competition and Formula Apportionment

Rüdiger Pethig and Andreas Wagener

1010: Voluntary Public Unemployment Insurance

Donald Parsons, Torben Tranaes and Helene Lilleør

1009: Optimal Contest Design when the Designer’s Payoff Depends on Competitive Balance

Marco Runkel

1008: Business Cycles, Unemployment Insurance, and the Calibration of Matching Models

James Costain and Michael Reiter

1007: Inequality and Economic Growth: European Versus U.S. Experiences

Reto Foellmi and Josef Zweimüller

1006: A Simple and Flexible Alternative to the Stability and Growth Pact Deficit Ceilings. Is it at hand?

Vito Muscatelli, Piergiovanna Natale and Patrizio Tirelli

1005: Nonsuperneutrality of Money in the Sidrauski Model with Heterogeous Agents

Burkhard Heer

1004: Cross-Border Loss Offset and Formulary Apportionment: How do they affect multijurisdictional firm investment spending and interjurisdictional tax competition ?

Marcel Gerard and Joann Weiner

1003: Contest for Attention in a Quality-Ladder Model of Endogenous Growth

Volker Grossmann

1002: Health Adjusted GDP (HAGDP) Measures of the Relationship Between Economic Growth, Health Outcomes and Social Welfare

Matthew Clarke and Sardar M. N. Islam

1001: Litigation with Symmetric Bargaining and Two-Sided Incomplete Information

Daniel Friedman and Donald Wittman

1000: Fractionalization and the Size of Government

Jo Lind

999: Voter Support for Privatizing Education: Evidence on Self-Interest and Ideology

Wolfram Merzyn and Heinrich Ursprung

998: Who Needs Foreign Banks?

Daniel Gros

997: Addressing the Transfer-Pricing Problem in an Origin-Basis X Tax

David Bradford

996: On Enhanced Cooperation

Massimo Bordignon and Sandro Brusco

995: Macroeconomic Dynamics and Credit Risk: A Global Perspective

Til Schuermann, Björn-Jakob Treutler, Scott M. Weiner and Mohammad Pesaran

994: Contract Duration and Indexation in a Period of Real and Nominal Uncertainty

Louis Christofides and Amy Chen Peng

993: The Assignment of Powers in an Open-ended European Union

Pierre Salmon

992: Late and Multiple Bidding in Second Price Internet Auctions: Theory and Evidence Concerning Different Rules for Ending an Auction

Axel Ockenfels and Alvin Roth

991: On the Optimal Size of Public Sector under Rent-Seeking competition from State Coffers

Hyun Park, Apostolis Philippopoulos and Vanghelis Vassilatos

990: Small Sample Properties of Forecasts from Autoregressive Models under Structural Breaks

Allan Timmermann and Mohammad Pesaran

989: The Deadlock of the EU Budget: An Economic Analysis of Ways In and Ways Out

Charles Blankart and Christian Kirchner

988: Self-Enforcing International Agreements and Domestic Policy Credibility

Paola Conconi and Carlo Perroni

987: An Experimental Analysis of Ending Rules in Internet Auctions

Dan Ariely, Axel Ockenfels and Alvin Roth

986: Globalization and Political Geography

Federico Etro

985: Choosing Club Membership under Tax Competition and Free Riding

Hyun Park and Apostolis Philippopoulos

984: A Sectoral Analysis of Price-Setting Behavior in US Manufacturing Industries

Campbell Leith and Jim Malley

983: Choice of Tax Base Revisited: Cash Flow vs. Prepayment Approaches to Consumption Taxation

Syed Ahsan and Panagiotis Tsigaris

982: On the Frequency of Interior Cournot-Nash Equilibria in a Public Good Economy

Wolfgang Buchholz, Richard Cornes and Wolfgang Peters

981: Unemployment in Britain: A European Success Story

Christopher Pissarides

980: Firm and Establishment Volatility: The Role of Sunk Costs, Profit Uncertainty and Technological Change

Vivek Ghosal

979: Market Entry Regulation and International Competition

Thorsten Upmann and Frank Stähler

978: Are Different-Currency Assets Imperfect Substitutes?

Martin Evans and Richard Lyons

977: Optimal Utilitarian Taxation and Horizontal Equity

Henrik Jordahl and Luca Micheletto

976: An Essay on Welfare State Dynamics

Assar Lindbeck

975: Capital Taxation May Survive in Open Economies

Michael Braulke and Giacomo Corneo

974: Is the Completion of EU Single Market Hindered by VAT Evasion?

Andrea Gebauer, Chang Woon Nam and Rüdiger Parsche

973: Scholarships or Student Loans? Subsidizing Higher Education in the Presence of Moral Hazard

Alessandro Cigno and Annalisa Luporini

972: Tax Deductibility of Commuting Expenses and Residential Land Use with more than one Center

Matthias Wrede

971: Regulatory Competition and Multi-national Banking

Dag Morten Dalen and Trond Olsen

970: The Role of Public Infrastructure for Firm Location and International Outsourcing

Hartmut Egger and Josef Falkinger

969: The Effect of Better Information on Income Inequality

Bernhard Eckwert and Itzhak Zilcha

968: Measuring Taxes on Income from Capital: Evidence from the UK

Michael Devereux and Alexander Klemm

967: The "Taxing Wages" Approach to Measuring the Tax Burden on Labour

Christopher Heady

966: Using Micro-Data to Assess Average Tax Rates

W. Steven Clark

965: Measuring Effective Tax Rates on Human Capital: Methodology and an Application to Canada

Kirk A. Collins and James Davies

964: The Tax Burden on Cross-Border Investment: Company Strategies and Country Responses

Harry Grubert

963: How to Measure the Tax Burden on Labour at the Macro-Level?

Jan-Egbert Sturm and Bjørn Volkerink

962: Measuring Taxes on Income from Capital

Michael Devereux

961: Social Union, Convergence and Migration

Hans-Werner Sinn and Wolfgang Ochel

960: Credit Market Imperfections in Middle Income Countries

Aaron Tornell and Frank Westermann

959: Being Independent is a Great Thing: Subjective Evaluations of Self-Employment and Hierarchy

Bruno Frey and Matthias Benz

958: Financing Entrepreneurial Firms in Europe: Facts, Issues, and Research Agenda

Laura Bottazzi and Marco Da Rin

957: The Price of "Man" and "Woman": A Hedonic Pricing Model of Avatar Attributes in a Synthetic World

Edward Castronova

956: Capital Mobility and Tax Competition: A Survey

Clemens Fuest, Bernd Huber and Jack Mintz

955: Training, Job Security and Incentive Wages

Margarita Katsimi