CESifo Working Paper Series

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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

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