CESifo Working Paper Series

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854: Decentralization and International Tax Competition

John Wilson and Eckhard Janeba

853: Comparative Venture Capital Governance. Private versus Labour Sponsored Venture Capital Funds

Douglas Cumming and Jeffrey G. MacIntosh

852: The Economic Welfare Cost of Conflict: An Empirical Assessment

Gregory D. Hess

851: China, Hong Kong, and Taiwan: A Quantitative Assessment of Real and Financial Integration

Yin-Wong Cheung, Menzie Chinn and Eiji Fujii

850: Public Policy for Start-up Entrepreneurship with Venture Capital and Bank Finance

Christian Keuschnigg and Søren Nielsen

849: Labour Market Performance and Start-up Costs: OECD Evidence

Paloma Lopez-Garcia

848: Wage Differentiation via Subsidised General Training

Steinar Holden and V Bhaskar

847: The Role of Tax Depreciation for Investment Decisions: A Comparison of European Transition Countries

Chang Woon Nam, Doina Radulescu and Doina Maria Radulescu

846: Inequality, Well-being and Institutions in Latin America and the Caribbean

Jaideep Oberoi and Syed Ahsan

845: Fiscal Equalisation: Principles and an Application to the European Union

Bernd Hayo and Matthias Wrede

844: Program Evaluation and Random Program Starts

Peter Fredriksson and Per Johansson

843: The Impact of Liberalisation and Globalisation on Income Inequality in Developing and Transitional Economies

Giovanni Cornia

842: Ageing and Fiscal Imbalances Across Generations: Concepts of Measurement

Robert Fenge and Martin Werding

841: Ageing and the Tax Implied in Public Pension Schemes: Simulations for Selected OECD Countries

Robert Fenge and Martin Werding

840: All About the Giants: Probing the Influences on Growth and Income Inequality at the End of the 20th Century

Albert Berry and John Serieux

839: How Large is the "Brain Drain" from Italy?

Sascha Becker, Andrea Ichino, Giovanni Peri and Sascha O. Becker

838: On the German Monetary Transmission Mechanism: Interest Rate and Credit Channels for Investment Spending

Bob Chirinko and Ulf von Kalckreuth

837: Growth, Income Distribution, and Well-Being: Comparisons across Space and Time

Carola Grün and Stephan Klasen

836: Optimal Factor Taxation under Wage Bargaining - A Dynamic Perspective

Erkki Koskela and Leopold von Thadden

835: Inflation and Wealth Distribution

Burkhard Heer and Bernd Süssmuth

834: Estimated Open Economy New Keynesian Phillips Curves for the G7

Campbell Leith and Jim Malley

833: Time Series Properties of the German Monthly Production Index

Gebhard Flaig

832: The Credit Channel in Middle Income Countries

Aaron Tornell and Frank Westermann

831: A General Approach to Welfare Measurement through National Income Accounting

Geir Asheim and Wolfgang Buchholz

830: Trade and Labour Standards - Theory, New Empirical Evidence, and Policy Implications

Vivek Dehejia and Yiagadeesen Samy

829: Work and Television

Giacomo Corneo

828: Lessons of the 1999 Abolition of Intra-EU Duty Free Sales for Eastern European EU Candidates

Andrea Gebauer, Chang Woon Nam and Rüdiger Parsche

827: Green National Accounting for Welfare and Sustainability: A Taxonomy of Assumptions and Results

Geir Asheim

826: A Revealed Preference Approach to Understanding Corporate Governance Problems: Evidence from Canada

Bob Chirinko and Huntley Schaller

825: Altruism and Envy in Contests: An Evolutionarily Stable Symbiosis

Kai Konrad

824: Measuring the Social Discount Rate under Uncertainty: A Methodology and Application

Syed Ahsan and Panagiotis Tsigaris

823: Homeownership: Low Household Mobility, Volatile Housing Prices, High Income Dispersion

Francois Ortalo-Magne and Sven Rady

822: Optimal Tax Policies with Private-Public Clean-Up, Cross-Border Pollution and Capital Mobility

Costas Hadjiyiannis, Panos Hatzipanayotou and Michael Michael

821: Financing Democracy

Hans Gersbach and Verena Liessem

820: Guilds, Efficiency, and Social Capital: Evidence from German Proto-Industry

Sheilagh Ogilvie

819: Optimal Capital Taxation in Economies with Unionised and Competitive Labour Markets

Erkki Koskela and Ronnie Schöb

818: A General Theory of Price and Quantity Aggregation and Welfare Measurement

Claude Hillinger

817: Monetary and Fiscal Policy Interactions over the Cycle: Some Empirical Evidence

Vito Muscatelli, Patrizio Tirelli and Carmine Trecroci

816: Deregulation, Entry of Foreign Banks and Bank Efficiency in Australia

Jan-Egbert Sturm and Barry Williams

815: Costs, Benefits, and Tax-induced Distortions of Stock Option Plans

Rainer Niemann and Dirk Simons

814: Settlement in Tax Evasion Prosecution

Ines Macho-Stadler and David Perez-Castrillo

813: Taxation of a Venture Capitalist with a Portfolio of Firms

Christian Keuschnigg

812: Banking Supervision in Integrated Financial Markets: Implications for the EU

Stéphanie Stolz

811: On the Partial Public Provision of a Private Good

Rajshri Jayaraman

810: Delegating Recruitment under Asymmetric Information

Sarbajit Sengupta

809: Contracts and Inequity Aversion

Florian Englmaier and Achim Wambach

808: The Strategic Bombing of German Cities during World War II and its Impact on City Growth

Steven Brakman, Harry Garretsen and Marc Schramm

807: Contests Among Bureaucrats

Dieter Bös

806: E-exchange and the Boundary between Households and Organizations

Assar Lindbeck and Solveig Wikström

805: The Dead-anyway Effect Revis(it)ed

Friedrich Breyer and Stefan Felder

804: Should UI Benefits Really Fall over Time?

John Hassler and Sevi Rodríguez Mora

803: Politics of Randomness

Gil Epstein and Shmuel Nitzan

802: Delaying Integration of Immigrant Labor for the Purpose of Taxation

Wolfram Richter

801: Uncommitted Couples: Some Efficiency and Policy Implications of Marital Bargaining

Saku Aura

800: Autarchy, Market Disintegration, and Health: The Mortality and Nutritional Crisis in Nazi Germany, 1933-1937

Joerg Baten and Andrea Wagner

799: How Do Bank Capital and Capital Adequacy Regulation Affect the Monetary Transmission Mechanism?

Misa Tanaka

798: The Euro-Dollar Exchange Rate: Is it Fundamental?

Mariam Camarero, Javier Ordóñez and Cecilio Tamarit

797: Dynamics of Endogenous Business Cycles and Exchange Rate Volatility

Volker Böhm and Tomoo Kikuchi

796: A Model of the Card Payment System and the Interchange Fee

Paul De Grauwe and Laura Rinaldi

795: Social Security Reform and Intergenerational Trade: Is there Scope for a Pareto-Improvement?

Marko Köthenbürger and Panu Poutvaara

794: Will Increased Wages Reduce Shortage of Nurses? A Panel Data Analysis of Nurses’ Labour Supply

Jan Erik Askildsen, Badi Baltagi and Tor Helge Holmås

793: Fighting for Talent: Risk-shifting, Corporate Volatility, and Organizational Change

Guido Friebel and Mariassunta Giannetti

792: The Exchange Rate in a Model with Heterogeneous Agents and Transactions Costs

Paul De Grauwe and Marianna Grimaldi

791: A Positive Theory of Geographic Mobility and Social Insurance

John Hassler, Sevi Rodríguez Mora, Kjetil Storesletten and Fabrizio Zilibotti

790: International Protection of Intellectual Property

Gene Grossman and Edwin Lai

789: Moral Hazard Effects of Bailing out under Asymmetric Information

Gabriela Mundaca

788: International Comparisons and Transfer of Labour Market Institutions

Wolfgang Ochel

787: Entry Regulation and the Influence of an Incumbent Special Interest Group

John Evans and John Fingleton

786: Volume and Volatility in the FX-Market: Does it matter who you are?

Geir Bjønnes, Dagfinn Rime and Haakon O. Aa. Solheim

785: Works Councils and Environmental Investment: Theory and Evidence from German Panel Data

Jan Erik Askildsen, Uwe Jirjahn and Stephan C. Smith

783: Adverse Selection in the Annuity Market with Sequential and Simultaneous Insurance Demand

Johann Brunner and Susanne Pech

782: Softening Competition by Enhancing Entry: An Example from the Banking Industry

Jan Bouckaert and Hans Degryse

781: Tax Competition and Profit Shifting: On the Relationship between Personal and Corporate Tax Rates

Clemens Fuest, Alfons J. Weichenrieder and Alfons Weichenrieder

780: International Migration, Income Taxes and Transfers: A Welfare Analysis

Michael Michael

779: Exchange Rate Uncertainty and Labour Market Adjustment under Fixed and Flexible Exchange Rates

Yu-Fu Chen and Michael Funke

778: Bargaining over Residential Real Estate: Evidence from England

Antonio Merlo and Francois Ortalo-Magne

777: Unionized Oligopoly, Trade Liberalization and Location Choice

Kjell Lommerud, Frode Meland and Lars Sørgard

776: The Theory of Human Capital Revisited: On the Interaction of General and Specific Investments

Anke Kessler and Christoph Lülfesmann

775: Locational Competition and Agglomeration: The Role of Government Spending

Steven Brakman, Harry Garretsen and Charles Marrewijk

774: The Dynamic Cost of the Draft

Morten Lau, Panu Poutvaara and Andreas Wagener

773: Inflation Targets Versus International Monetary Integration - A Canadian Perspective

David Laidler

772: Learning Stability in Economies with Heterogenous Agents

Seppo Honkapohja and Kaushik Mitra

771: The Macroeconomic Loss Function: A Critical Note

Thomas Mayer

770: Weber's Law and the Biological Evolution of Risk Preferences: The Selective Dominance of the Logarithmic Utility Function

Hans-Werner Sinn

769: The New International Architecture

Rüdiger Dornbusch

768: International Labour Market Regulation and Economic Growth with Creative Destruction

Tapio Palokangas

767: The Efficiency Consequences of Local Revenue Equalization: Tax Competition and Tax Distortions

Sam Bucovetsky and Michael Smart

766: Equilibrium Vengeance

Daniel Friedman and Nirvikar Singh

765: Knowledge Flows and Knowledge Externalities

Giovanni Peri

764: Do Central Banks have Precautionary Demands for Expansions and for Price Stability? - Theory and Evidence

Alex Cukierman and Vito Muscatelli

763: Preferential Trade Agreements and Tax Competition for Foreign Direct Investment

Horst Raff

762: Costly Enforcement of Property Rights and the Coase Theorem

Alexander R. W. Robson and Stergios Skaperdas

761: Nominal Wage Flexibility, Wage Indexation and Monetary Union

Lars Calmfors and Åsa Johansson

760: Deterrence and Morale in Taxation: An Empirical Analysis

Bruno Frey and Lars Feld

759: External Shocks and Banking Crises in Developing Countries: Does the Exchange Rate Regime Matter?

Chandima Mendis

758: Tax Policy in the European Union: A Review of Issues and Options

Sijbren Cnossen

757: The Impact of Wage-Setting Institutions on the Incidence of Public Employment in the OECD: 1960-98

Lawrence Kahn

756: Internalization of Airport Congestion: A Network Analysis

Jan Brueckner

755: Boom-Bust Cycles in Middle Income Countries: Facts and Explanation

Aaron Tornell and Frank Westermann

754: Measuring Knowledge Spillovers Using Patent Citations: Evidence from the Belgian Firm's Data

Ruslan Lukach and Joseph Plasmans