CESifo Working Paper Series

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515: Bureaucrats and Public Procurement

Dieter Bös

514: Unemployment Benefits, Contract Length and Nominal Wage Flexibility

Lars Calmfors and Åsa Johansson

513: Wage Inequality and the Effort Incentive Effects of Technological Progress

Campbell Leith and Chol-Won Li

512: Human Capital Formation, Income Inequality and Growth

Jean-Marie Viaene and Itzhak Zilcha

511: Inflation in Developing Countries: Does Central Bank Independence Matter?

Jan-Egbert Sturm and Jakob de Haan

510: The Rationale for Fundamental Pension Reform in Germany and the United States: An Assessment

Gary Burtless

509: The Dynamics of Deposit Insurance and the Consumption Trap

Hans Gersbach and Jan Wenzelburger

508: Social Dumping in the Transformation Process

Hans-Werner Sinn

507: Marriage and Consumption Insurance: What’s Love Got to do With It?

Gregory Hess

506: Low Price Equilibrium in Multi-Unit Auctions: The GSM Spectrum Auction in Germany

Veronika Grimm, Frank Riedel and Elmar Wolfstetter

505: Trading Off Tax Distortion and Tax Evasion

Wolfram Richter and Robin Boadway

504: Institutions and Structural Unemployment: Do Capital-Market Imperfections Matter?

Ansgar Belke and Rainer Fehn

503: What Can Economists Learn from Happiness Research?

Bruno Frey and Alois Stutzer

502: Sectoral Trends and Cycles in Germany

Yin-Wong Cheung and Frank Westermann

501: Political Yardstick Competition, Economic Integration, and Constitutional Choice in a Federation

Martin Bodenstein and Heinrich Ursprung

500: Gerontocracy Revisited. Unilateral Transfer to the Young May Benefit the Middle-Aged

Panu Poutvaara

499: On Intergenerational Risk Sharing within Social Security Schemes

Andreas Wagener

498: Raising Children to Work Hard: Altruism, Work Norms and Social Insurance

Assar Lindbeck and Sten Nyberg

497: Expectational Stability of Resonant Frequency Sunspot Equilibria

George Evans and Seppo Honkapohja

496: Reputation or Reciprocity? An Experimental Investigation

Simon Gaechter and Armin Falk

495: Genetic Testing When There is a Mix of Compulsory and Voluntary Health Insurance

Michael Hoel and Tor Iversen

494: Retirement Savings in an Aging Society: A Case for Innovative Government Debt Management

Henning Bohn

493: Why Has the Euro Been Falling?

Hans-Werner Sinn and Frank Westermann

492: Beyond Bentham – Measuring Procedural Utility

Bruno Frey and Alois Stutzer

491: Formula Apportionment and Transfer Pricing under Oligopolistic Competition

Søren Nielsen, Pascalis Raimondos and Guttorm Schjelderup

490: Political Economists are Neither Selfish Nor Indoctrinated

Bruno Frey and Stephan Meier

489: Public Profit Sharing

Ronnie Schöb

488: Population Mobility and Transboundary Environmental Problems

Michael Hoel and Perry Shapiro

487: Equilibrium Search with Time-Varying Unemployment Benefits

James Albrecht and Susan Vroman

486: Public Policy for Venture Capital

Christian Keuschnigg and Søren Nielsen

485: Work Organization, Wage Pressure in the Secondary Labor Market, and the Green Card

Josef Falkinger and Volker Grossmann

484: The Incidence of an Extended Ace Corporation Tax

Ernst Fehr and Wolfgang Wiegard

483: International Tax Coordination: Regionalism Versus Globalism

Peter Birch Sørensen

482: Hong Kong Output Dynamics: An Empirical Analysis

Yin-Wong Cheung

481: Monetary Policy and Nominal Rigidities under Low Inflation

Steinar Holden

480: Regulation and Internet Access in Germany

Michael Reutter

479: On Adjusting the HP-Filter for the Frequency of Observations

Morten Ravn and Harald Uhlig

478: Existence of Adaptively Stable Sunspot Equilibria Near an Indeterminate Steady State

George Evans and Seppo Honkapohja

477: Taxing Mobile Capital with Labor Market Imperfections

Wolfram Richter and Kerstin Schneider

476: Retirement in Non-Cooperative and Cooperative Families

Erik Hernaes, Zhiyang Jia and Steinar Strøm

475: Monopolistic Competition, Efficiency Wages and Perverse Effects of Demand Shock

Jim Malley and Hassan Molana

474: Appropriating the Commons A Theoretical Explanation

Armin Falk, Ernst Fehr and Urs Fischbacher

473: Structural Distortions and Decentralized Fiscal Policies in EMU

Roel Beetsma and Lans Bovenberg

472: The Feasible Gains from International Risk Sharing

Sylvester Eijffinger and Wolf Wagner

471: Factor Price Equalization? The Cointegration Approach Revisited

Helge Berger and Frank Westermann

470: Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints

Sven Rady and Francois Ortalo-Magne

469: Country Default Risk: An Empirical Assessment

Jerome Stein and Giovanna Paladino

468: To Peg or Not To Peg? A Simple Model of Exchange Rate Regime Choice In Small Economies

Helge Berger, Henrik Jensen and Guttorm Schjelderup

467: Do Excessive Wage Increases Raise Imports? Theory and Evidence

Jim Malley and Thomas Moutos

466: A Case for Partial Funding of Pensions with an Application to the EU Candidate Countries

Heikki Oksanen

465: Convergence of Monetary Transmission in EMU New Evidence

Linda A. Toolsema, Jan-Egbert Sturm, Jakob de Haan and Jakob de Haan

464: Flexible Majority Rules

Ulrich Erlenmaier and Hans Gersbach

463: Labour Supply Effects of an Early Retirement Programme

Christian Brinch, Erik Hernaes and Steinar Strøm

462: Labor Taxation in Search Equilibrium with Home Production

Bertil Holmlund

461: Job Search and Savings: Wealth Effects and Duration Dependence

Rasmus Lentz and Torben Tranaes

460: Integration vs. Outsourcing in Industry Equilibrium

Gene Grossman and Elhanan Helpman

459: Political Institutions and Policy Outcomes: What Are the Stylized Facts?

Torsten Persson and Guido Tabellini

458: Optimal Taxation, Global Externalities and Labor Mobility

Thomas Aronsson and Sören Blomquist

457: A Theory of Reciprocity

Armin Falk and Urs Fischbacher

456: The Positive Economics of Labor Market Rigidities and Investor Protection

Rainer Fehn and Carsten-Patrick Meier

455: The Impact of Corporate and Personal Income Taxes on the Location of Firms and on Employment: Some Panel Evidence for the Swiss Cantons

Lars Feld and Gebhard Kirchgässner

453: Stratified or Comprehensive? The Economic Efficiency of School Design

Giorgio Brunello and Massimo Giannini

452: Optimal Private and Public Harvesting under Spatial and Temporal Interdependence

Markku Ollikainen and Erkki Koskela

451: Testing for Common Cyclical Features in Var Models with Cointegration

Alain Hecq, Franz Palm and Jean-Pierre Urbain

450: Mobility and the Role of Education as a Commitment Device

Claudio Thum and Silke Uebelmesser

449: Financial Fragility, Bubbles and Monetary Policy

Gerhard Illing

448: An Alternative Conditional Asymmetry Specification for Stock Returns

Kurt Brännäs and Niklas Nordman

447: Municipal Finance in Poland, the Slovak Republic, the Czech Republic and Hungary: Institutional Framework and Recent Development

Chang Woon Nam and Rüdiger Parsche

446: Trade and Industrial Policy of Transition Economies

José Luis Moraga Gonzales and Jean-Marie Viaene

445: Fairness, Incentives and Contractual Incompleteness

Ernst Fehr, Alexander Klein and Klaus Schmidt

444: Life Insurance, Precautionary Saving and Contingent Bequest

Fwu-Ranq Chang

443: Changes in Risk and Asset Prices

Harris Schlesinger and Christian Gollier

442: PPP and the Balassa Samuelson Effect: the Role of the Distribution Sector

Ronald MacDonald and Luca Ricci

441: Risk, Return and Portfolio Allocation under Alternative Pension Arrangements with Imperfect Financial Markets

David Miles and Aleš Černý

440: Local Business Taxation and Competition for Capital: The Choice of the Tax Rate

Thiess Büttner

439: Start-Up Investment with Scarce Venture Capital Support

Vesa Kanniainen and Christian Keuschnigg

438: Social Security Incentives and Human Capital Investment

Morten Lau and Panu Poutvaara

437: Monetary and Fiscal Policy Interaction in the EMU: A Dynamic Game Approach

Bas van Aarle, Jacob Engwerda, Joseph Plasmans and Bas Van Aarle

436: Imperfect Exchange Rate Passthrough: Strategic Pricing and Menu Costs

Atish Ghosh and Holger Wolf

435: Profitable Horizontal Mergers without Cost Advantages: The Role of Internal Organization, Information, and Market Structure

Steffen Huck, Kai Konrad and Wieland Müller

434: Europe`s new border taxes

Sijbren Cnossen and Erns Verwaal

433: Capital Controls and Exchange Rate Regimes: An Empirical Investigation

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

432: Setting Incentives: Temporary Performance Premiums Versus Promotion Tournaments

Volker Meier

431: Measurement of Value Added Tax Evasion in Selected EU Countries on the Basis of National Accounts Data

Chang Woon Nam, Rüdiger Parsche and Barbara Schaden

430: Measuring Knowledge Spillovers Using Belgian EPO and USPTO Patent Data

Joseph Plasmans and Ruslan Lukatch

429: Monetary Regimes and the Co-Ordination of Wage Setting

Steinar Holden

428: The Law of One Price - A Case Study

Jonathan Haskel and Holger C. Wolf

427: Strategic Interaction in the Market for Physician Services: The Treadmill Effect in a Fixed Budget System

Franz Benstetter and Achim Wambach

426: The Sources of Protectionist Drift in Representative Democracies

Didier Laussel and Raymond Riezman

425: Generalized Cash Flow Taxation

Alan Auerbach and David Bradford

424: On the Political Economy of Social Security and Public Education

Panu Poutvaara

423: Distribution and Growth in an Economy with Limited Needs

Gilles Saint-Paul

422: Federal Monetary Policy

Carsten Hefeker

421: Do Civil and Political Repression Really Boost Foreign Direct Investments?

Philipp Harms and Heinrich Ursprung

420: Equity Price Dynamics Before and After the Introduction of the Euro: A Note

Yin-Wong Cheung and Frank Westermann

419: Equilibrium Unemployment with Credit and Labour Market Imperfections

Erkki Koskela and Rune Stenbacka

418: Economic Liberalization and Savings Rates

Kashif Mansori

417: Incentives to (Irreversible) Investments Under Different Regulatory Regimes

Carlo Scarpa and Paolo Panteghini

416: Electoral Rules and Corruption

Torsten Persson, Guido Tabellini and Francesco Trebbi

415: Is the Political Business Cycle for Real?

Stephen Blomberg and Gregory Hess