CESifo Working Paper Series

From CESifo
Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

149: Monetary and Fiscal Unification in the EU: A Stylized Analysis

Bas van Aarle, Florence Huart and Bas Van Aarle

148: Transition to and Tax Rate Flexibility in a Cash-Flow Type Tax

David Bradford

147: Individual vs. Joint Taxation in Models with Household Production

Patricia F. Apps and Ray Rees

146: On the Taxation of Trade Within and Between Households

Patricia F. Apps and Ray Rees

145: The Optimal Taxation of Couples

Patricia F. Apps and Ray Rees

144: Valuation of Irreversible Entry Options under Uncertainty and Taxation

Luis Alvarez and Vesa Kanniainen

143: Payroll Taxes vs. Wage Taxes: Non-Equivalence Results

Erkki Koskela and Ronnie Schöb

142: Redistribution and the Marginal Cost of Public Funds

Agnar Sandmo

141: The Value of Children and Immigrants in a Pay-as-you-go Pension System: A Proposal for a Partial Transition to a Funded System

Hans-Werner Sinn

140: The Allocation of Publicly-Funded Biomedical Research

Frank Lichtenberg

139: Does Voluntary Participation Undermine the Coase Theorem?

Avinash Dixit and Mancur Olson

138: Inefficient Household Decisions and Efficient Markets

Hans Haller

137: Ideology, Tactics, and Efficiency in Redistributive Politics

Avinash Dixit and John Londregan

136: Separation of Powers and Political Accountability

Torsten Persson, Gérard Roland and Guido Tabellini

135: What Happens when Inflation Targets Change?

Peter Stemp and Peter J. Stemp

134: Eurowinners and Eurolosers: The Distribution of Seignorage Wealth in EMU

Hans-Werner Sinn and Holger Feist

133: Large Shareholders, Private Benefits of Control, and Optimal Schemes of Privatization

Francesca Cornelli and David D. Li

132: Deutschland im Steuerwettbewerb (Germany Faces Tax Competition)

Hans-Werner Sinn

131: A State within the State? An Event Study on the Bundesbank

Helge Berger, Jakob de Haan and Jakob de Haan

130: Market Structure and the Timing of Technology Adoption with Network Externalities

Jay Choi and Marcel Thum

129: Foreign Direct Investment, Political Resentment and the Privatization Process in Eastern Europe

Hans-Werner Sinn, Alfons J. Weichenrieder and Alfons Weichenrieder

128: The Influence of Income Tax Rules on Insurance Reserves

David Bradford and Kyle D. Logue

127: On the Uses of Benefit-Cost Reasoning in Choosing Policy Toward Global Climate Change

David Bradford

126: Investment Behaviour under Knightian Uncertainty - An Evolutionary Approach

Terje Lensberg

125: Tax Evasion and the Optimal Tax Treatment of Foreign-Source Income

John Douglas Wilson and Xiwen Fan

124: Market Structure in Banking and Debt-Financed Project Risks

Erkki Koskela and Rune Stenbacka

123: Incomplete Capital Markets, Wage Formation and Stabilization Policy

Torben Andersen

122: Tax Burden and Migration: A Political Economy Perspective

Assaf Razin and Efraim Sadka

121: The Algebra of Government Debt

Helmut Frisch and Franz X. Hof

120: Truth or Consequences? Enforcing Pollution Standards

John Livernois and C.J. McKenna

119: Why Did All but Two OECD Countries Initiate Tax Reform from 1986 to 1990?

Mark Hallerberg and Scott Basinger

118: Fixing Capital Gains, Symmetry, Consistency and Correctness in the Taxation of Financial Instruments

David Bradford

117: International Implications of German Unification

Hans-Werner Sinn

116: Tail Index and Quantile Estimation with Very High Frequency Data

Casper De Vries, Jon Danielsson and de Vries Casper G

115: Gains from Restricted Openings of Trade

Wolfgang Mayer

114: Constant Consumption and the Economic Depreciation of Natural Capital: The Non-Autonomous Case

Ngo Long and John M. Hartwick

113: American Macroeconomics between World War I and The Depression

David Laidler

112: More Equal but Less Mobile?

Andrea Ichino, Aldo Rustichini and Daniele Checchi

111: Incentives in the Welfare-State

Assar Lindbeck

110: Economic Dynamics with Learning: New Stability Results

Seppo Honkapohja and George Evans

109: Convergence of Learning Algorithms without a Projection Facility

Seppo Honkapohja and George Evans

108: Growing Into Work

David Blanchflower and Richard Freeman

107: Green Taxes: A Note on the Double Dividend and the Optimal Tax Rate

Vidar Christiansen

106: Alleviating Unemployment: The Case for Green Tax Reforms

Erkki Koskela and Ronnie Schöb

105: On the Calculation of Marginal Effects in the Bivariate Probit Model

Louis Christofides, Thanasis Stengos and Robert Swidinsky

104: Characterization of the Price Behaviour of International Dual Stocks: An Error Correction Approach

Uri Ben-Zion, Shmuel Hauser and Offer Lieberman

103: The Subsidiarity Principle and Market Failure in Systems Competition

Hans-Werner Sinn

102: Social Insurance, Incentives and Risk Taking

Hans-Werner Sinn

101: Internalizing Externalities in Second-Best Tax Systems

Gerhard Orosel and Ronnie Schöb

100: Four Studies in Theoretical Spatial Economics

Jean Paelinck

99: Institutional Economics: What Future Course?

Bruno Frey

98: On the Heckscher-Ohlin Analysis and the Gains from Trade with Profit-Maximizing and Labour-Managed Firms

Makoto Tawada and Koji Shimomura

97: Trade and Gains from Trade between Profit-Maximizing and Labour-Managed Countries with Imperfect Competition

Makoto Tawada and Shigemi Yabuuchi

96: Internationally Mobile Firms and Tax Policy

Guttorm Schjelderup, Kare P. Hagen and Petter Osmundsen

95: The Multinational Firm, Transfer Pricing and the Nature of Competition

Guttorm Schjelderup and Lars Sørgard

94: The Malmquist Total Factor Productivity Index: Some Remarks

Rolf Färe, Shawna Grosskopf and Pontus Roos

93: Effects of Tariff on International Mixed Duopoly with Several Markets

Koji Okuguchi

92: Does Competition Make Loan Markets More Fragile?

Erkki Koskela and Rune Stenbacka

91: Tax Progression, Structure of Labour Taxation and Employment

Erkki Koskela and Pasi Holm

90: The All-pay Auction with Complete Information

Michael Baye, Dan Kovenock, Casper De Vries and de Vries Casper G

89: Capital Structure and Product Market Behavior: An Examination of Plant Exit and Investment Decisions

Dan Kovenock and Gordon Phillips

88: Information Rent and the Holdup Problem: Is Private Information Prior to Investment Valuable?

Michaela Erbenova and Steinar Vagstad

87: Output, Political Uncertainty, and Stock Market Fluctuations: Germany, 1890 - 1940

George Bittlingmayer

86: Intertemporal Population Ethics: Critical-Level Utilitarian Principles

Charles Blackorby, Walter Bossert and David Donaldson

85: Competing for Claims to Property

Stergios Skaperdas and Constantinos Syropoulos

84: Preemptive R&D, Rent Dissipation and the "Leverage Theory"

Jay Choi

83: Money, Interest Rate Spreads, and Economic Activity

Christine Sauer and Joachim Scheide

82: Public Finance and Finanzwissenschaft Traditions Compared

Richard Musgrave

81: Industry Investment and Regulation

George Bittlingmayer

80: Price Uncertainty and Investment Behavior of Corporate Management under Risk Aversion and Preference for Prudence

Vesa Kanniainen

79: A Filtering Model with Steady-State Housing

Richard Arnott and Ralph M. Braid

78: Theory of Dynamic Portfolio Choice for Survival Under Uncertainty

Santanu Roy

77: Limited Intertemporal Commitment and Job Design

Trond Olsen and Gaute Torsvik

76: The Genealogy of Modern Theoretical Public Economics: From First Best to Second Best

Roger Guesnerie

75: The Weitzman Foundation of NNP with Non-constant Interest Rates

Geir Asheim

74: Environmental Taxation and the "Double Dividend": A Reader's Guide

Lawrence H. Goulder

73: Hotelling Confronts CAPM: A Test of the Theory of Exhaustible Resources

Margaret E. Slade and Henry Thille

72: Transaction Cost Economics and Contractual Relations

Maria E. Maher

71: Fiscal Policy and Consumption: New Evidence from the United States

Julia Darby and Jim Malley

70: Vertical Restraints and Interbrand Competition

Tommy Gabrielsen and Lars Sørgard

69: The Italian Continuous Time Model: Results of the Nonlinear Estimation

Giancarlo Gandolfo, Pier Carlo Padoan, Giuseppe De Arcangelis and Clifford R. Wymer

68: The Real Exchange Rates of Germany

Karlhans Sauernheimer and Jerome L. Stein

67: Schlingerkurs - Lohnpolitik und Investitionsförderung in den neuen Bundesländern

Hans-Werner Sinn

66: Optimal Gambling Strategies

Martin Beckmann

65: A Theory of the Welfare State

Hans-Werner Sinn

64: The Chaotic Duopolists

Tönu Puu

63: The Chaotic Monopolist

Tönu Puu

62: Adam Smith and the Welfare Cost of Optimism

Jürg Niehans

61: Sustainability and Constant Consumption Paths in Open Economies with Exhaustible Resources

John M. Hartwick

60: Culture and its Relationship to Economic Change

Eric L. Jones

59: Technology Choice, Overtaking and Comparative Advantage

Ronald Jones and Michihiro Ohyama

58: The Desire for Land: Strategic Lending with Adverse Selection

Clive Bell and Gerhard Clemenz

57: Tax Competition and Leviathan

Jeremy Edwards and Michael Keen

56: Consequences of Environmental Tax Reform for Involuntary Unemployment and Welfare

Lans Bovenberg and Frederick (Rick) van der Ploeg

55: Non Convexities, Labor Hoarding, Technology Shocks, and Procyclical Productivity: A Structural Econometric Approach

Bob Chirinko

54: Bayesian Learning in Repeated Normal Form Games

Jürgen Eichberger

53: The General Equilibrium Foundations of Modern Finance Theory: An Exposition

Jürgen Eichberger and Ian R. Harper

52: Rational Bubbles During Poland's Hyperinflation: Implications and Empirical Evidence

Michael Funke, Stephen Hall and Martin Sola

51: Eine neue Tarifpolitik (A New Union Policy)

Hans-Werner Sinn

50: Financial Distortions to the Incentives of Managers, Owners and Workers

Peter Hammond

49: Participation, Capitalization and Privatization, Report on Bolivia's Current Political Privatization Debate

Gerlinde Sinn and Hans-Werner Sinn

48: The Costs of Corporate Bankruptcy: A U.S. European Comparison

Michelle White

47: History as a Widespread Externality in Some Arrow Debreu Market Games

Peter Hammond

46: Why Does Japan Resist Foreign Market Opening Pressure?

John McMillan

45: Education, Inequality, and Growth: A Public Choice Perspective

Mark Gradstein and Moshe Justman

44: Quasi Permanent Employment and the Comparative Theory of Coalitional and Neoclassical Firms

Robert A. Hart and Thomas Moutos

43: Lumpsum Compensation in a Context of Incomplete Markets

Murray Kemp and Henry Y. Jr. Wan

42: Autonomy and Incentives in Chinese State Enterprises

John McMillan

41: Unemployment and Consumption: The Case of Motor Vehicles

Jim Malley and Thomas Moutos

40: Transition and Financial Collapse

Harald Uhlig

39: How Much Europe? Subsidiarity, Centralization and Fiscal Competition

Hans-Werner Sinn

38: Non Parametric Efficiency, Progress and Regress Measures for Panel Data: Methodological Aspects

Henry Tulkens and Philippe van den Eeckaut

37: Intertemporal Common Agency and Organizational Design: How much Decentralization?

Trond Olsen and Gaute Torsvik

36: Indexed Bonds and Heterogeneous Agents

Thomas Mayer

35: The Economics of Relative Rewards: Pattern Bargaining

Peter Kuhn

34: Egalitarianism and Growth

Jonas Agell and Kjell Lommerud

33: Investing in the East: Waiting and Learning

Christian Thimann and Marcel Thum

32: How Much do Micro Foundations Matter?

Thomas Mayer

31: In Defence of Serious Economics: A Review of Terence Hutchison; Changing Aims in Economics

Thomas Mayer

30: Corporate Bankruptcy as a Filtering Device

Michelle White

29: Die Auswirkungen des "Standortsicherungsgesetzes" auf die Kapitalakkumulation. Wirtschaftstheoretische Anmerkungen zu einer wirtschaftspolitischen Diskussion

Michael Funke and Dirk Willenbockel

28: Family Policy with Non Cooperative Families

Kai Konrad and Kjell Lommerud

27: Business Fixed Investment Spending: Modeling Strategies, Empirical Results, and Policy Implications

Bob Chirinko

26: Irreversible Investments, Uncertainty, and the Ramsey Policy

Gaute Torsvik and Trond Olsen

25: Taxes and the Form of Ownership of Foreign Corporate Equity

Roger H. Gordon and Joosung Jun

24: The Dynamics of Capital Liberalization: A Macroeconometric Analysis

Giancarlo Gandolfo and Pier Carlo Padoan

23: Fiscal Policy during the Transition in Eastern Europe

Roger Gordon

22: Insurance Markets with Noisy Loss Distributions

Neil A. Doherty and Harris Schlesinger

21: Privatization: Notes on the Macroeconomic Consequences

Roger Gordon

20: Do Publicly Traded Corporations Act in the Public Interest?

Roger Gordon

19: Changes in Background Risk and Risk Taking Behavior

Harris Schlesinger

18: Why hasn't the Collective Farm Disappeared?

Yaffa Machnes and Adi Schnytzer

17: Economic Impacts of Carbon Reduction Schemes: Some General Equilibrium Estimates from a Simple Global Model

John Piggott and John Whalley

16: Privatization, Risk Taking and the Communist Firm

Hans-Werner Sinn and Dominique Demougin

15: Trade Unions, Wages and Structural Adjustment in the New German States

Michael Burda and Michael Funke

14: Relative Standing Comparisons, Risk Taking and Safety Regulations

Kai Konrad and Kjell Lommerud

13: Efficiency and Consistency in Group Decisions

Tapan Biswas

12: Comprehensive Income Taxation, Investments in Human and Physical Capital, and Productivity

Marc Nerlove, Assaf Razin, Efraim Sadka and Robert von Weizsäcker

11: Arm's Length Pricing: Some Economic Perspectives

Charles H. Berry, David Bradford and James R. Jr. Hines

10: Relinking German Economics to the Main Stream: Heinrich von Stackelberg

Jürg Niehans

9: Regulation of Environmental Quality under Asymmetric Information

Dominique Demougin and Gerhard Illing

8: Privatization in East Germany

Hans-Werner Sinn

7: Tax Policy in a Model of Leisure, Savings, and Asset Behaviour

Syed Ahsan

6: Human Capital Investment, Government and Endogenous Growth

Peter Birch Sørensen

5: Careers in Ongoing Hierarchies

Dominique Demougin and Aloysius Siow

4: Optimal Regulatory Lag under Price Cap Regulation

Mark Armstrong and Ray Rees

3: On Testing the Sustainability of Government Deficits in a Stochastic Environment

Henning Bohn

2: Income Redistribution and Migration

David Wildasin

1: Social Contract, Taxation and the Standing of Deadweight Loss

Richard Musgrave