CESifo Working Paper Series

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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

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 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 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 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