CESifo Working Paper Series

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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 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 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

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