CESifo Working Paper Series

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753: U.S. Welfare Reform: What's Relevant for Europe?

Rebecca Blank

752: On Virtual Economies

Edward Castronova

751: Wage Policy and Endogenous Wage Rigidity: A Representative View From the Inside

Jonas Agell and Helge Bennmarker

750: Pro-Social Behavior, Reciprocity or Both?

Bruno Frey and Stephan Meier

749: Democratic Mechanisms: Double Majority Rules and Flexible Agenda Costs

Hans Gersbach

748: Staying Together or Breaking Apart: Policy-makers’ Endogenous Coalitions Formation in the European Economic and Monetary Union

Bas van Aarle, Giovanni Di Bartolomeo, Jacob Engwerda and Joseph Plasmans

747: Should Unemployment Benefits be Related to Previous Earnings?

Burkhard Heer

746: Growth and Inequality: Evidence from Transitional Economies

Oleksiy Ivaschenko

745: The Distribution of Talent and the Pattern and Consequences of International Trade

Gene Grossman

744: Stochastic Optimal Control, International Finance and Debt

Wendell Fleming and Jerome L. Stein

743: Second-best Properties of Implicit Social Security Taxes: Theory and Empirical Evidence

Robert Fenge, Silke Uebelmesser and Martin Werding

742: Start-ups, Venture Capitalists, and the Capital Gains Tax

Christian Keuschnigg and Søren Nielsen

741: On the Political Economy of Environmental Policy

Gebhard Kirchgässner and Friedrich Schneider

740: When Backward Integration by a Dominant Firm Improves Welfare

Laurent Linnemer

739: A Structural Econometric Model of Price Discrimination in the Mortgage Lending Industry

Robert Gary-Bobo and Sophie Larribeau

738: Testing Contract Theory: A Survey of Some Recent Work

Pierre Chiappori and Bernard Salanié

737: Strategic Experimentation: The Case of Poisson Bandits

Martin Cripps, R Keller and Sven Rady

736: Strategic Power Revisited

Stefan Napel and Mika Widgrén

735: Reallocation of Corporate Resources and Managerial Incentives in Internal Capital Markets

Sandro Brusco and Fausto Panunzi

734: Does the Balance of Power Within a Family Matter? The Case of the Retirement Equity Act

Saku Aura

733: Downstream Merger with Oligopolistic Input Suppliers

Kjell Lommerud, Odd Rune Straume, Lars Sørgard and Odd Rune Straume

732: Working Time and Employment under Uncertainty

Yu-Fu Chen and Michael Funke

731: Income Inequality, Voting Over the Size of Public Consumption, and Growth

Volker Grossmann

730: Transparency and Tacit Collusion in a Differentiated Market

Christian Schultz

729: Small States, Large Unitary States and Federations

Matthias Wrede

728: How to Use Indicators for 'Corporatism' in Empirical Applications

Erik Leertouwer, Jakob de Haan and Jakob de Haan

727: Optimal Pricing and Endogenous Herding

Subir Bose, Gerhard O. Orosel and Lise Vesterlund

726: Growth Effects of non Proprietary Innovation

Gilles Saint-Paul

725: Preponderance of Evidence

Dominique Demougin and Claude Fluet

724: Collusion in Beauty Contests

Achim Wambach

723: Endogenous Timing and the Taxation of Discrete Investment Choices

Paolo Panteghini

722: The Dutch UMTS-Auction

Eric van Damme

721: Labor Tax Progressivity, Wage Determination, and the Relative Wage Effect

Giorgio Brunello and Daniela Sonedda

720: Some Evolutionary Foundations for Price Level Rigidity

Gilles Saint-Paul

719: The Political Economy of Collective Bargaining

Tapio Palokangas

718: Eastern Enlargement of the EU: Jobs, Investment and Welfare in Present Member Countries

Ben J. Heijdra, Christian Keuschnigg, Wilhelm Kohler and Christian Keuschnigg

717: Asymmetric Taxation under Incremental and Sequential Investment

Paolo Panteghini

716: Entry Dynamics, Capacity Utilisation and Productivity in a Dynamic Open Economy

Marta Aloi and Huw Dixon

715: Labor Taxes and Wages: Evidence from Italy

Giorgio Brunello, Maria Laura Parisi and Daniela Sonedda

714: Psychological Foundations of Incentives

Ernst Fehr and Armin Falk

713: Contests over Public Goods: Evolutionary Stability and the Free-Rider Problem

Wolfgang Leininger

712: Inequality and Economic Growth: Do Natural Resources Matter?

Thorvaldur Gylfason and Gylfi Zoega

711: (Re-)Distribution of Personal Incomes, Education and Economic Performance Across Countries

Günther Rehme

710: Technical Change and Unemployment: Policy Responses and Distributional Considerations

Thomas Moutos and William Scarth

709: Taxation under Uncertainty – Problems of Dynamic Programming and Contingent Claims Analysis in Real Option Theory

Rainer Niemann and Caren Sureth

708: Structural Adjustment and Endogenous Worker Recall Probabilities

Frode Meland and Gaute Torsvik

707: Corporate Taxation, Capital Formation, and the Substitution Elasticity between Labor and Capital

Bob Chirinko

706: Neutral and Equitable Taxation of Pensions as Capital Income

Dirk Kiesewetter and Rainer Niemann

705: Common Monetary Policy with Asymmetric Shocks

Daniel Gros and Carsten Hefeker

704: The Political Economy of EU Enlargement: Or, Why Japan is not a Candidate Country?

Antonis Adam and Thomas Moutos

703: Human Capital Investment and Globalization in Extortionary States

Fredrik Andersson and Kai Konrad

702: For Better or For Worse? State-Level Marital Formation and Risk Sharing

Ralph Chami and Gregory D. Hess

701: On Cooperation in Musgravian Models of Externalities within a Federation

Henry Tulkens

700: Effects of U.S. Inflation on Hong Kong and Singapore

Yin-Wong Cheung and Jude Yuen

699: Estimated General Equilibrium Models for the Evaluation of Monetary Policy in the US and Europe

Campbell Leith and Jim Malley

698: Investment in the Absence of Property Rights: The Role of Incumbency Advantages

Kai Konrad

697: Moral Property Rights in Bargaining

Simon Gaechter and Arno Riedl

696: General Training by Firms, Apprentice Contracts, and Public Policy

James Malcomson, James W. Maw and Barry McCormick

695: Financial Intermediation and the Creation of Macroeconomic Risks

Hans Gersbach

694: Benefit Entitlement and the Labor Market: Evidence from a Large-Scale Policy Change

Rafael Lalive and Josef Zweimüller

693: Social Security, Retirement Age and Optimal Income Taxation

Helmuth Cremer, Jean-Marie Lozachmeur and Pierre Pestieau

692: Innovation of Network Goods: A Non-Innovating Firm Will Gain

Amihai Glazer, Vesa Kanniainen and Mikko Mustonen

691: Elections, Fiscal Policy and Growth: Revisiting the Mechanism

George Economides, Apostolis Philippopoulos and Simon Price

690: Threshold Effects and Regional Economic Growth – Evidence from West Germany

Michael Funke and Annekatrin Niebuhr

689: The Effects of Employment Protection on the Choice of Risky Projects

Amihai Glazer and Vesa Kanniainen

688: Back to Kyoto? US Participation and the Linkage between R&D and Climate Cooperation

Barbara Buchner, Carlo Carraro, Igor Cersosimo and Carmen Marchiori

687: Gift-Giving, Quasi-Credit and Reciprocity

Jonathan Thomas and Timothy Worrall

686: Can Poductive Government Spending be the Engine of Long-Run Growth When Labor Supply is Engogenous?

Hyun Park and Apostolis Philippopoulos

685: Increases in Risk and the Welfare State

Thomas Eichner and Andreas Wagener

684: Financial Development, Financial Fragility, and Growth

Norman Loayza and Romain Ranciere

683: Did Partial Globalization Increase Inequality? Did Inequality Stimulate Globalization Backlash? The case of the Latin American Periphery, 1950-80

Joerg Baten

682: The Interplay Between Regulation and Competitions: The Case of Universal Service Obligations

Steffen H. Hoernig and Tommaso Valletti

681: Unoberserved Components Models for Quarterly German GDP

Gebhard Flaig

680: The German UMTS Design: Insights From Multi-Object Auction Theory

Christian Ewerhart and Benny Moldovanu

679: Rationalizing the UMTS Spectrum Bids: the Case of the UK Auction

Tilman Boergers and Christian Dustmann

678: New Competition in Telecommunications Markets: Regulatory Pricing Principles

Paul de Bijl and Martin Peitz

677: Insurance in a Market for Credence Goods

Kai Sülzle and Achim Wambach

676: Corporate Lobbying and Commitment Failure in Capital Taxation

Nicolas Marceau and Michael Smart

675: Does Active Labour Market Policy Work? Lessons from the Swedish Experiences

Lars Calmfors, Anders Forslund and Maria Hemström

674: Workfare in an Efficiency Wage Model

Volker Meier

673: Forest Rotations and Stand Interdependency: Ownership Structure and Timing of Decisions

Gregory S. Amacher, Erkki Koskela and Markku Ollikainen

672: Pooling, Pricing and Trading of Risks

Sjur Flåm

671: Temporary Work in Turbulent Times: The Swedish Experience

Bertil Holmlund and Donald Storrie

670: The EU Consolidated Income Tax Revisited

Sylvain Plasschaert

669: A Theory of Health Investment under Competing Mortality Risks

Fwu-Ranq Chang

668: The Willingness to Pay for Mortality Risk Reductions: A Comparison of the United States and Canada

Anna Alberini, Alan Krupnick, Maureen Cropper, Nathalie Simon and Joseph Cook

667: Formula Apportionment in the European Union: A Dream Come True or the EU’s Worst Nightmare?

Joann Weiner

666: The Effective Tax Rates in the EU Commission Study on Corporate Taxation: Methodological Aspects, Main Results and Policy Implications

Silvia Giannini and Carola Maggiulli

665: Classical Corporation Tax as a Global Means of Tax Harmonization

Seppo Kari and Jouko Ylä-Liedenpoha

664: Venture Capital Backed Growth

Christian Keuschnigg

663: Temporary Layoffs and Unemployment Insurance: Is Experience Rating Desirable?

Julia Fath and Clemens Fuest

662: Significance of Development Stage Theory for Explaining Industrial Growth Pattern between Asian NICs and Selected Advanced Economies

Chang Woon Nam

661: Indirect Taxation in Greece: Evaluation and Possible Reform

Georgia Kaplanoglou and David M Newbery

660: Separation, Weak Exogeneity and P-T Decomposition in Cointegrated VAR Systems with Common Features

Alain Hecq, Franz Palm and Jean-Pierre Urbain

659: Sticks and Carrots for the Alleviation of Long Term Poverty

Fred Schroyen and Gaute Torsvik

658: National and Supranational Business Cycles (1960-2000): A multivariate description of central G7 and EURO15 NIPA aggregates

Bernd Süssmuth

657: Globalisation, Competitive Governments, and Constitutional Choice in Europe

Albert Breton and Heinrich Ursprung

656: The Economic Effects of Democratic Participation

Dennis C. Mueller and Thomas Stratmann

655: Convexity, Differential Equations, and Games

Sjur Flåm

654: Equilibrium Unemployment and Credit Market Imperfections: The Critical Role of Labour Mobility

Erkki Koskela and Rune Stenbacka