CESifo Working Paper Series

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1131: Socially Optimal Royalty Design and Illegal Logging under Alternative Penalty Schemes

Gregory S. Amacher, Erkki Koskela and Markku Ollikainen

1130: Bureaucrats or Politicians?

Alberto Alesina and Guido Tabellini

1129: Exchange Rate Dynamics: Where is the Saddle Path?

Yin-Wong Cheung, Javier Gardeazabal and Jesús Vázquez

1128: Deforestation, Production Intensity and Land Use under Insecure Property Rights

Gregory S. Amacher, Erkki Koskela and Markku Ollikainen

1127: Privatization in Denmark, 1980-2002

Henrik Christoffersen and Martin Paldam

1126: The UK's Privatisation Experiment: The Passage of Time Permits a Sober Assessment

David Parker

1125: Minimum Wage with Optimal Income Taxation

Tomer Blumkin and Efraim Sadka

1124: Does Debt Maturity Matter for Investment Decisions?

Chang Woon Nam, Doina Radulescu and Doina Maria Radulescu

1123: Privatization in Austria: Some Theoretical Reasons and First Results About the Privatization Proceeds

Ansgar Belke and Friedrich Schneider

1122: The Effect of Internet Piracy on CD Sales: Cross-Section Evidence

Martin Peitz and Patrick Waelbroeck

1121: Inequality and Redistribution via the Public Provision of Private Goods

Margarita Katsimi and Thomas Moutos

1120: Determinants of Country Beta Risk in Poland

Piotr Wdowiński

1119: The Impact of Competition on Bank Orientation and Specialization (new titel: The impact of competition on bank orientation)

Hans Degryse and Steven Ongena

1118: Monetary and Fiscal Management, Finance, and Growth

Thorvaldur Gylfason

1117: The Economic Value of Cultural Diversity: Evidence from US Cities

Gianmarco Ottaviano and Giovanni Peri

1116: Transferable Ageing Provisions in Individual Health Insurance Contracts

Florian Baumann, Volker Meier and Martin Werding

1115: How Do Electoral Rules Shape Party Structures, Government Coalitions, and Economic Policies?

Torsten Persson, Gérard Roland and Guido Tabellini

1114: Educating Europe

Panu Poutvaara

1113: Have a Break, Have a... National Currency: When Do Monetary Unions Fall Apart?

Volker Nitsch

1112: The E-Correspondence Principle

George Evans and Seppo Honkapohja

1111: Intra-and International Risk-Sharing in the Short Run and the Long Run

Sascha Becker, Mathias Hoffmann and Sascha O. Becker

1110: Using Taylor Rules to Understand ECB Monetary Policy

Stephan Sauer and Jan-Egbert Sturm

1109: Employment and Taxes

Stephen Nickell

1108: Harmonisation of Old-Age Security Within the European Union

Silke Uebelmesser

1107: Development of Local Public Finance in Europe

Peter Friedrich, Joanna Gwiazda and Chang Woon Nam

1106: Candidate Quality

Panu Poutvaara and Tuomas Takalo

1105: Self-Serving Dictators and Economic Growth

Daniel Haile, Abdolkarim Sadrieh and Harrie A. A Verbon

1104: Information, Polarization and Delegation in Democracy

Christian Schultz

1103: (Why) Do Self-Employed Parents Have More Children?

Nzinga Broussard, Ralph Chami and Gregory Hess

1102: Fiscal Policy, Economic Integration and Unemployment

Wolfgang Eggert and Laszlo Goerke

1101: Sports League Expansion and Economic Efficiency: Monopoly Can Enhance Consumer Welfare

Lawrence Kahn

1100: How Important are Foreign Banks in the Financial Development of European Transition Countries?

Ilko Naaborg, Bert Scholtens, Jakob de Haan, Hanneke Bol, Ralph de Haas and Jakob de Haan

1099: Signaling and Screening of Workers' motivation

Josse Delfgaauw and Robert Dur

1098: Insurance and Incentives in Sharecropping

Luis Braido

1097: Tax Progressivity and Tax Evasion

Laszlo Goerke

1096: Corporate Tax Policy, Foreign Firm Ownership and Thin Capitalization

Clemens Fuest and Thomas Hemmelgarn

1095: From Public Monopsony to Competitive Market: More Efficiency but Higher Prices

Josse Delfgaauw and Robert Dur

1094: Taxes and Venture Capital Support

Christian Keuschnigg and Søren Nielsen

1093: The End of the Stability and Growth Pact?

Jakob de Haan, Helge Berger, David-Jan Jansen and Jakob de Haan

1092: Undescribable Events

Nabil I. Al-Najjar, Luca Anderlini and Leonardo Felli

1091: Employment Transitions in 13 European Countries. Levels, Distributions and Determining Factors of Net Replacement Rates

Herwig Immervoll and Cathal O’Donoghue

1090: Transport Subsidies, System Choice, and Urban Sprawl

Jan Brueckner

1089: Japan's Imbalance of Payments

Nikolas Müller-Plantenberg

1088: Input Versus Output Taxation in an Experimental International Economy

Arno Riedl and Frans van Winden

1087: Decentralized Taxation and the Size of Government: Evidence from Swiss State and Local Governments

Lars Feld, Gebhard Kirchgässner and Christoph Schaltegger

1086: Wages, Unemployment, and the Underground Economy

Ann-Sofie Kolm and Birthe Larsen

1085: Employment in the Public Sector

Lorenzo Forni and Raffaela Giordano

1084: Restructuring the ECB

Helge Berger, Jakob de Haan, Robert Inklaar and Jakob de Haan

1083: The Role of Direct Democracy in the European Union

Lars Feld and Gebhard Kirchgässner

1082: On the Elasticities of Harvesting Rules

Fwu-Ranq Chang

1081: Endogenous Wage Rigidity

Jonas Agell and Helge Bennmarker

1080: Market Structure and the Taxation of International Trade

Andreas Haufler and Michael Pflüger

1079: Attention Economies

Josef Falkinger

1078: The Surprising French Employment Performance: What Lessons?

Jean Pisani-Ferry

1077: Social Interactions in Unemployment

Rafael Lalive

1076: Why are Small Firms Different? Managers’ Views

Jonas Agell

1075: Income Taxes, Property Values, and Migration

Amihai Glazer, Vesa Kanniainen and Panu Poutvaara

1074: The Taxation of Financial Capital under Asymmetric Information and the Tax-Competition Paradox

Wolfgang Eggert and Martin Kolmar

1073: Finance, Control, and Profitability: The Influence of German Banks

Bob Chirinko and Julie Elston

1072: Electoral Uncertainty, Fiscal Policies & Growth: Theory and Evidence from Germany, the UK and the US

George Economides, Jim Malley, Apostolis Philippopoulos and Ulrich Woitek

1071: Piracy of Digital Products: A Critical Review of the Economics Literature

Martin Peitz and Patrick Waelbroeck

1070: Pools and Cross-Licensing in the Shadow of Patent Litigation

Jay Choi

1069: Decentralising Wage Bargaining in Germany – A Way to Increase Employment?

Wolfgang Ochel

1068: Time, Risk, Precommitment, and Adverse Selection in Competitive Insurance Markets

Mark V. Pauly

1067: State Intervention on the Market for Natural Damage Insurance in Europe

Thomas von Ungern-Sternberg

1066: Public Policy and Venture Capital Backed Innovation

Christian Keuschnigg

1065: Creating Firms for a New Century: Determinants of Firm Creation around 1900

Joerg Baten

1064: The Hayek Pension: An efficient minimum pension to complement the welfare state

Jakob von Weizsäcker

1063: Health Service Gatekeepers

James Malcomson

1062: Will Social Security and Medicare Remain Viable as the U.S. Population is Aging? An Update

Henning Bohn

1061: Wealth Transfer Taxation: A Survey

Helmuth Cremer and Pierre Pestieau

1060: Fiscal and Monetary Policy Interactions: Empirical Evidence and Optimal Policy Using a Structural New Keynesian Model

Vito Muscatelli, Patrizio Tirelli and Carmine Trecroci

1059: Female Labor Supply and Child Care in France

Philippe Choné, David le Blanc and Isabelle Robert-Bobée

1058: Voting and Nonlinear Taxes in a Stylized Representative Democracy

Henning Bohn and Charles Stuart

1057: Structural Reforms and the Enlargement of Monetary Union

Carsten Hefeker

1056: Exchange Rate Volatility and Employment Growth: Empirical Evidence from the CEE Economies

Ansgar Belke and Ralph Setzer

1055: Income Tax, Consumption Value of Education, and the Choice of Educational Type

Annette Alstadsæter

1054: Which School Systems Sort Weaker Students into Smaller Classes? International Evidence

Martin R. West and Ludger Woessmann

1053: Is there a European Business Cycle?

Michael Artis

1052: Is the Collective Model of Labor Supply Useful for Tax Policy Analysis? A Simulation Exercise

Olivier Bargain and Nicolas Moreau

1051: Output Smoothing in EMU and OECD: Can We Forego Government Contribution? A Risk Sharing Approach

Carlos Marinheiro

1050: On the Optimality of PAYG Pension Systems in an Endogenous Fertility Setting

Gemma Abio, Geraldine Mahieu and Concepció Patxot

1049: Imitation - Theory and Experimental Evidence

Jose Alpesteguia, Steffen Huck and Jörg Oechssler

1048: Insiders, Outsiders, and the Underground Economy

Dan Anderberg

1047: Firm Size and Diversification: Asymmetric Multiproduct Firms under Cournot Competition

Volker Grossmann

1046: The Firm as a Pool of Factor Complementarities

Assar Lindbeck and Dennis Snower

1045: Bubbling and Crashing Exchange Rates

Marianna Grimaldi and Paul De Grauwe

1044: Tainted Money? Contribution Limits and the Effectiveness of Campaign Spending

Thomas Stratmann

1043: Stochastic Optimal Control Modeling of Debt Crises

Jerome Stein

1042: Transatlantic Monetary and Fiscal Policy Interaction

Bas van Aarle, Harry Garretsen, Florence Huart and Bas Van Aarle

1041: Improving the Equity-Efficiency Trade-off: Mandatory Savings Accounts for Social Insurance

Lans Bovenberg and Peter Birch Sørensen

1040: Investment Size and Firm's Value under Profit Sharing Regulation

Michele Moretto, Paolo Panteghini and Carlo Scarpa

1039: Privatizing Social Security Under Balanced-Budget Constraints: A Political-Economy Approach

Assaf Razin and Efraim Sadka

1038: Capital-skill Complementarity and the Redistributive Effects of Social Security Reform

Alessandra Casarico and Carlo Devillanova

1037: Social Capital and Collusion: The Case of Merchant Guilds

Roberta Dessi and Sheilagh Olgivie

1036: Neutral Taxation of Shareholder Income: A Norwegian Tax Reform Proposal

Peter Birch Sørensen

1035: Tax Policy and Labor Market Performance

Lans Bovenberg

1034: An Assessment of the Impact of HIV/AIDS on Economic Growth: The Case of Kenya

Maureen Were and Nancy N. Nafula

1033: The Relationships Between Costs and User Charges: The Case of a Norwegian Utility Service

Lars-Erik Borge and Jorn Rattso

1032: Decentralization and the Fate of Minorities

Kjetil Bjorvatn and Alexander Cappelen