CESifo Working Paper Series

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653: Education, Growth and Income Inequality

Thijs van Rens

652: Venture Capital Investment and Labor Market Performance: A Panel Data Analysis

Ansgar Belke, Rainer Fehn and Neil Foster-McGregor

651: Why People Obey the Law: Experimental Evidence from the Provision of Public Goods

Lars Feld and Jean-Robert Tyran

650: Plurality Rule, Proportional Representation, and the German Bundestag: How Incentives to Pork-Barrel Differ Across Electoral Systems

Thomas Stratmann and Martin Baur

649: The Dynamics of Municipal Fiscal Adjustment

Thiess Büttner and David Wildasin

648: Coordinating VATs Between EU Member States

Bernd Genser

647: Tax Competition for FDI in Central-European Countries

Milan Sedmihradsky and Stanislav Klazar

646: Political Culture and Monopoly Price Determination

Gil Epstein and Shmuel Nitzan

645: Changing Tides for the Welfare State - An Essay

Assar Lindbeck

644: In Search for Yardstick Competition: Property Tax Rates and Electoral Behavior in Italian Cities

Massimo Bordignon, Floriana Cerniglia and Federico Revelli

643: Financing Retirement in the European Union

Lans Bovenberg

642: IMF Credit: How Important Are Political Factors? A Robustness Analysis

Jan-Egbert Sturm, Helge Berger, Jakob de Haan and Jakob de Haan

641: Technological Change, Entry and Stock Market Dynamics: An Analysis of Transition in a Monopolistic Economy

Bipasa Datta and Huw Dixon

640: Irreversible Investment under Interest Rate Variability: New Results

Luis Alvarez and Erkki Koskela

639: The Exchange Rate and its Fundamentals. A Chaotic Perspective

Paul De Grauwe and Marianna Grimaldi

638: Reforms of Environmental Policies in the Presence of Cross-border Pollution and Two-stage Clean-up

Panos Hatzipanayotou, Sajal Lahiri and Michael Michael

637: Is Training more Frequent when Wage Compression is Higher? Evidence from 11 European Countries

Giorgio Brunello

636: Interjurisdictional Company Taxation in Europe, the German Reform and the New EU Suggested Direction

Marcel Gerard

635: Distortionary Domestic Taxation and Pareto-Efficient International Trade

Jeremy Edwards and Ronnie Schöb

634: Effort and Performance in Public-Policy Contests

Gil Epstein and Shmuel Nitzan

633: Corruption and the Shadow Economy

Jay Choi and Marcel Thum

632: Wage Setting Under Different Monetary Regimes

Steinar Holden

631: Tax Competition, the Distribution of MNE's Ownership and the Wage Formation Process

Marcel Gerard

630: The Budgeting and Economic Consequences of Ageing in The Netherlands

Roel Beetsma

629: Did the Fed Surprise the Markets in 2001? A Case Study for VARs with Sign Restrictions

Harald Uhlig

628: Regional Tax Coordination and Foreign Direct Investment

Andreas Haufler and Ian Wooton

627: Financial Incentives to Work - Conceptions and Results in Great Britain, Ireland and Canada

Wolfgang Ochel

626: Overconfidence in Investment Decisions: An Experimental Approach

Dennis Dittrich, Werner Güth and Boris Maciejovsky

625: Accident Law: An Excessive Standard May Be Efficient

Laszlo Goerke

624: Delayed Integration of Mobile Labor: A Principle for Coordinating Taxation, Social Security, and Social Assistance

Wolfram Richter

623: The New Systems Competition

Hans-Werner Sinn

622: Reelection Threshold Contracts in Politics

Hans Gersbach and Verena Liessem

621: Illusion of Expertise in Portfolio Decisions - An Experimental Approach

Gerlinde Fellner, Werner Güth and Boris Maciejovsky

620: Evolutionary Rent-Seeking

Burkhard Hehenkamp, Wolfgang Leininger and Alex Possajennikov

619: Reforming Budgetary Language

David Bradford

618: Virtual Worlds: A First-Hand Account of Market and Society on the Cyberian Frontier

Edward Castronova

617: The Effects of Fiscal Institutions on Public Finance: A Survey of the Empirical Evidence

Gebhard Kirchgässner

616: Optimal Unemployment Insurance with Monitoring and Sanctions

Jan Boone, Peter Fredriksson, Bertil Holmlund, Jan C. van Ours and Jan C. van Ours

615: On Government Centralization and Budget Referendums: Evidence from Switzerland

Christoph Schaltegger and Lars Feld

614: Looking for Appropriate Forms of Intergovernmental Transfers for Municipalities in Transition Economies

Chang Woon Nam and Rüdiger Parsche

613: Optimal Taxation in Search Equilibrium with Home Production

Bertil Holmlund and Ann-Sofie Kolm

612: Does the Tax System Encourage too much Education?

Annette Alstadsæter

611: Stable Sunspot Equilibria in a Cash-in-Advance Economy

George Evans, Seppo Honkapohja and Ramon Marimon

610: Young People, Skills and Cities

Giovanni Peri

609: Speed Limit Policies: The Output Gap and Optimal Monetary Policy

Carl Walsh

608: Assessing Monetary Policy in Norway

Harald Magnus Andreassen, Paul De Grauwe, Haakon Solheim and Øystein Thøgersen

607: Trend and Cycles in U.S. Real GDP

Gebhard Flaig

606: Wicksellian Theory of Forest Rotation under Interest Rate Variability

Luis Alvarez and Erkki Koskela

605: On the Optimality of Joint Taxation with Household Production

Henrik Jacobsen Kleven and Claus Kreiner

604: The Transmission of German Monetary Policy in the Pre-Euro Period

Helmut Lütkepohl and Juergen Wolters

603: Risk Taking, Limited Liability and the Competition of Bank Regulators

Hans-Werner Sinn

602: The Political Economy of Policy Centralization: Direct Versus Representative Democracy

Michela Redoano and Kimberley Scharf

601: Issue Linkage and Issue Tie-in in Multilateral Negotiations

Paola Conconi and Carlo Perroni

600: Privatisation Around the World: New Evidence from Panel Data

Bernardo Bortolotti, Marcella Fantini and Domenico Siniscalco

599: Is Fiscal Policy Coordination in EMU Desirable?

Roel Beetsma, Xavier Debrun and Franc Klaassen

598: Foreign Direct Investment in Producer Services: Theory and Empirical Evidence

Horst Raff and Marc von der Ruhr

597: Procompetitive Trade Policies

José Luis Moraga Gonzales and Jean-Marie Viaene

596: The Effect of Employment Protection on Worker Effort. A Comparison of Absenteeism During and After Probation

Andrea Ichino and Regina Riphahn

595: The Economics of Duty-Free Shopping

Vidar Christiansen and Stephen Smith

594: Vertical Structure and Strategic Environmental Trade Policy

Stephan F. Hamilton and Till Requate

593: Institutional Framework and Poverty: A Transition Economy Perspective

Syed Ahsan

592: Education and Efficient Redistribution

Robert Dur and C. N. Teulings

591: The Funds Concentration Effect and Discriminatory Bailout

Ulrich Erlenmaier and Hans Gersbach

590: Is Targeted Tax Competition Less Harmful than its Remedies?

Eckhard Janeba and Michael Smart

589: On Modes of Economic Governance

Avinash Dixit

588: Taxation and Foreign Direct Investment: A Synthesis of Empirical Research

Ruud de Mooij and Sjef Ederveen

587: Trade Unions and the Burden of the Public Debt

Erling Steigum

586: Barter, Liquidity and Market Segmentation

Canice Prendergast and Lars Stole

585: EU Enlargement: Economic Implications for Countries and Industries

Arjan Lejour, Ruud de Mooij and Richard Nahuis

584: The Third Generation (UMTS) Spectrum Auction in Germany

Veronika Grimm, Frank Riedel and Elmar Wolfstetter

583: Borrow and Adjust: Fiscal Policy and Sectoral Adjustment in an Open Economy

Erling Steigum and Øystein Thøgersen

582: Redundancy Pay and Collective Dismissals

Laszlo Goerke

581: Contractual Externalities and Common Agency Equilibria

David Martimort and Lars Stole

580: Insurance and the Utilization of Medical Services Among the Self-Employed

Craig William Perry and Harvey Rosen

579: Bridging the Tax-Expenditure Gap: Green Taxes and the Marginal Cost of Funds

Agnar Sandmo

578: Does the Nominal Exchange Rate Regime Matter for Investment?

Hjalmar Böhm and Michael Funke

577: Exchange Rates and fundamentals - a Non-Linear Relationship?

Paul De Grauwe and Isabel Vansteenkiste

576: Bequests, Control Rights, and Cost-Benefit Analysis

Amihai Glazer, Vesa Kanniainen and Esko Niskanen

575: The Revelation and Delegation Principles in Common Agency Games

David Martimort and Lars Stole

574: European Integration - A Downward Bias in Employment Policies?

Torben Andersen

573: A Complete Characterization of the Distributional Effects of International Outsourcing in the Heckscher-Ohlin Model

Hartmut Egger and Josef Falkinger

572: Common Agency Equilibria with Discrete Mechanisms and Discrete Types

David Martimort and Lars Stole

571: In Search of Leading Indicators of Economic Activity in Germany

Harm Bandholz and Michael Funke

570: Keynesian, Non-Keynesian or No Effects of Fiscal Policy Changes? The EMU Case

Bas van Aarle, Harry Garretsen and Bas Van Aarle

569: Spilling Over and Crowding Out: The Effects of Public Sector/Private Sector Convergence and Competition, in the Provision of Public Goods

Diana Barrowclough

568: Urban Congestion Charging: Theory, Practice and Environmental Consequences

Georgina Santos and David M Newbery

567: International Cooperation over Green Taxes: On the Impossibility of Achieving a Probability-One Gain

Thomas Aronsson, Kenneth Backlund and Karl-Gustav Löfgren

566: On Subsidising Auto-Commuting

Edward Calthrop

565: Delegated Monitors, Large and Small: The Development of Germany’s Banking System, 1800-1914

Timothy Guinnane

564: A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds

Eduardo R. Borensztein and R. Gaston Gelos

563: International Bailouts, Moral Hazard, and Conditionality

Olivier Jeanne and Jeromin Zettelmeyer

562: Public Health Care with Waiting Time: The Role of Supplementary Private Health Care

Michael Hoel and Erik Magnus Sæther

561: When will the Germans Get Trapped in their Pension System?

Silke Uebelmesser and Hans-Werner Sinn

560: The Biological Standard of Living in the Two Germanies

John Komlos and Peter Kriwy

559: Insurance Contracts and Securitization

Neil A. Doherty and Harris Schlesinger

558: Estate Taxation

Tomer Blumkin and Efraim Sadka

557: Tax Rate Uncertainty and Investment Behavior

Rainer Niemann

556: How to Run a Target Zone? Age Old Lessons from an Austro-Hungarian Experiment

Marc Flandreau and John Komlos

555: An Equilibrium Analysis of Marriage, Divorce and Risk-Sharing

Dan Anderberg

554: Income Shifting, Investment, and Tax Competition: Theory and Evidence from Provincial Taxation in Canada

Jack Mintz and Michael Smart