CESifo Working Paper Series

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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

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 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