CESifo Working Paper Series

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306: The Increase of the Size of the Shadow Economy of 18 OECD Countries: Some Preliminary Explanations

Friedrich Schneider

305: Illegal Activities, but Still Value Added Ones (?): Size, Causes, and Measurement of the Shadow Economies all over the World

Friedrich Schneider

304: Can Investments in Emerging Markets Help to Solve the Aging Problem?

Robert Holzmann

303: The Fallacy of the Fiscal Theory of the Price Level, Again

Willem Buiter

302: Self-Correcting Mechanisms in Public Procurement: Why Award and Contract Should be Separated

Dieter Boes and Martin Kolmar

301: Inflation Targeting versus Nominal Income Targeting

Sylvia Staudinger

300: State-Owned Enterprises, Shirking and Trade Liberalization

Madanmohan Ghosh and John Whalley

299: The Hartwick Rule: Myths and Facts

Geir Asheim and Wolfgang Buchholz

298: Saddles, Indeterminacy and Bifurcations in an Overlapping Generations Economy with a Renewable Resource

Erkki Koskela, Markku Ollikainen and Mikko Puhakka

297: Employment and Welfare Effects of a Two-Tier Unemployment Compensation System

Burkhard Heer

296: Welfare Costs of Inflation in a Dynamic Economy with Search Unemployment and Endogenous Growth

Burkhard Heer

295: International Spillover Effects of Sectoral Tax Differentiation in Unionized Economies

Bertil Holmlund and Ann-Sofie Kolm

294: Decreasing Returns to Scale for the Small Country due to Scarcity or Indivisibility - A Test on Sport

Herbert Glejser

293: On the Output-Inflation Relationship when Price and Quantity Adjustments are Costly

Leif Danziger and Claus Thustrup Hansen

292: How to Sell a (Bankrupt) Company

Francesca Cornelli and Leonardo Felli

291: Endogenous Lobbying

Leonardo Felli and Antonio Merlo

290: Strategic Delegation in Experimental Markets

Steffen Huck, Wieland Müller and Hans-Theo Norman

289: Optimal Education with Mobile Capital. An OLG Approach (new title: Optimal Public Education under Capital Mobility)

Jean-Marie Viaene and Itzhak Zilcha

288: No Need to Run Millions of Regressions

Jan-Egbert Sturm

287: R&D and Production Behavior of Asymmetric Duopoly Subject to Knowledge Spillovers

Joseph Plasmans

286: Decisions on Seasonal Unit Roots

Robert Kunst and Michael Reutter

285: Pareto-Improving Intergenerational Transfers

Berthold Wigger

284: Endogenous Vertical Restraints in International Trade

Horst Raff and Nicolas Schmitt

283: Tacit Collusion under Destination- and Origin-Based Commodity Taxation

Andreas Haufler and Guttorm Schjelderup

282: Is the Fiscal Deficit Misconceived? Proponents of Generational Accounting Overstate their Case

Otto Gandenberger

281: Strategic Tax Competition; Implications of National Ownership

Trond Olsen and Petter Osmundsen

280: Disposal of Petroleum Installations - Major Policy Issues

Petter Osmundsen and Ragnar Tveterås

279: Optimal Factor Income Taxation in the Presence of Unemployment

Erkki Koskela and Ronnie Schöb

278: Does Institutional Change Really Matter? Inflation Targets, Central Bank Reform and Interest Rate Policy in the OECD Countries

Vito Muscatelli, Patrizio Tirelli and Carmine Trecroci

277: Market Power and Inflation

Bob Chirinko and Steven Fazzari

276: On Corporate Tax Asymmetries and Neutrality

Paolo Panteghini

275: Capital Structure, Wage Bargaining and Employment

Erkki Koskela and Rune Stenbacka

274: Agency Cost of Debt and Lending Market Competition: Is there a Relationship?

Erkki Koskela and Rune Stenbacka

273: Social Ties in a Public Good Experiment

Frans van Dijk, Joep Sonnemans and Frans van Winden

272: Incentive Systems in a Real Effort Experiment

Frans van Dijk, Joep Sonnemans and Frans van Winden

271: Strategic Restraint in Contests

Gil Epstein and Shmuel Nitzan

270: Structural Reforms and the Enlargement of Monetary Union

Carsten Hefeker

269: Implementing Efficient Market Structure

Veronika Grimm, Frank Riedel and Elmar Wolfstetter

268: Is there Really a European Business Cycle?

Robert Inklaar, Jakob de Haan and Jakob de Haan

267: The Division of Labor and the Market for Organizations

Assar Lindbeck and Dennis Snower

266: Exploiting Model Structure to Solve the Dynamics of a Macro Model

Ric D. Herbert, Peter Stemp and Peter J. Stemp

265: Constitutional Determinants of Government Spending

Guido Tabellini

264: Input Demand and the Short- and Long-Run Employment Thresholds. An Empirical Analysis for the German Manufacturing Sector

Gebhard Flaig and Horst Rottmann

263: An Empirical Investigation into Exchange Rate Regime Choice and Exchange Rate Volatility

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

262: Monetary and Fiscal Policy Design under EMU: A Dynamic Game Approach

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

261: Does Liberté = Egalité? A Survey of the Empirical Evidence on the Links between Political Democracy and Income Inequality

Mark Gradstein and Branko Milanovic

260: Tariff Jumping Foreign Investment and Capital Taxation

Vivek Dehejia, Alfons J. Weichenrieder and Alfons Weichenrieder

259: The Political Economy of Social Security

Georges Casamatta, Helmuth Cremer and Pierre Pestieau

258: Auctions when Bidders Prepare by Investing in Ideas

Thomas Jeitschko and Elmar Wolfstetter

254: Non-Tariff Barriers and Trade Liberalization

Simon Anderson and Nicolas Schmitt

253: Small Countries and Preferential Trade Agreements "How Severe is the Innocent Bystander Problem?"

Ayhan Kose and Raymond Riezman

252: Competing for Capital in a "Lumpy" World

Hans Jarle Kind, Helene Midelfart and Guttorm Schjelderup

251: Currency Traders and Exchange Rate Dynamics: A Survey of the U.S. Market

Yin-Wong Cheung and Menzie Chinn

250: Product Variety and Economic Growth - Empirical Evidence for the OECD Countries

Michael Funke and Ralf Ruhwedel

249: A Sealed-Bid Auction that Matches the English Auction

Motty Perry, Elmar Wolfstetter and Shmuel Zamir

248: Testing for Common Cyclical Features in Nonstationary Panel Data Models

Alain Hecq, Franz Palm and Jean-Pierre Urbain

247: Germany's Economic Unification. An Assessment after Ten Years

Hans-Werner Sinn

246: Happiness, Economy and Institutions

Bruno Frey and Alois Stutzer

245: Motivation Crowding Theory: A Survey of Empirical Evidence

Bruno Frey and Reto Jegen

244: Privatization under Asymmetric Information

Dieter Bös

243: Investment Tax Credits

Bob Chirinko

242: Tax-Exempt Investors and the Asset Allocation Puzzle

Jack Mintz and Michael Smart

241: Merger in Contests

Steffen Huck, Kai Konrad and Wieland Müller

240: Hysteresis in West German Unemployment Reconsidered

Michael Reutter

239: Funded and Unfunded Pension Schemes: Risk, Return and Welfare

David Miles

238: Income Tax Competition at the State and Local Level in Switzerland

Lars Feld and Gebhard Kirchgässner

237: Population Aging and Fiscal Policy in Europe and the United States

Jagadeesh Gokhale and Bernd Raffelhüschen

236: Capital Accumulation and Unemployment: A Tale of Two "Continents"

Jim Malley and Thomas Moutos

235: Economic Growth and Endogenous Fiscal Policy: In Search of a Data Consistent General Equilibrium Model

Jim Malley and Apostolis Philippopoulos

234: Fair Pay and a Wagebill Argument for Wage Rigidity and Excessive Employment Variability

Jonathan Thomas

233: Estimating the Output Gap Using Business Survey Data - A Bivariate Structural Time Series Model for the German Economy

Gebhard Flaig and Claudia Plötscher

232: Tax Policy in a Model of Search with Training

Jan Boone and Ruud de Mooij

231: Unemployment in the United States and in Europe - A Contrast and the Reasons

Robert Solow

230: Product Market Regulation and Labor Market Outcomes: How can Deregulation Create Jobs?

Michael Burda

229: The Kyoto Protocol: An Economic and Game Theoretic Interpretation

Parkash Chander, Henry Tulkens, Jean-Pascal van Ypersele and Stephane Willems

228: Simulating with RICE Coalitionally Stable Burden Sharing Agreements for the Climate Change Problem

Johan Eyckmans and Henry Tulkens

227: International and Intranational Risk Sharing

Mario Crucini and Gregory Hess

226: Monetary Policy Committees: Individual and Collective Reputations

Anne Sibert and Anne C. Sibert

225: Social Assistance and Labour Supply

Louis Christofides

224: Imperfect Competition, General Equilibrium and Unemployment

Hans Gersbach and Achim Schniewind

223: Fiscal Constitutions

Hans Gersbach

222: Outcome, Process & Power in Direct Democracy

Bruno Frey, Marcel Kucher and Alois Stutzer

221: Wars and Markets: How Bond Values Reflect World War II

Bruno Frey and Marcel Kucher

220: Output Dynamics of the G7 Countries - Stochastic Trends and Cyclical Movements

Yin-Wong Cheung and Frank Westermann

219: Local Human Capital Externalities: An Overlapping Generation Model and Some Evidence on Experience Premia

Giovanni Peri

218: On Cross-Country Differences in the Persistence of Real Exchange Rates

Yin-Wong Cheung and Kon S. Lai

217: Convertible Securities and Venture Capital Finance

Klaus Schmidt

216: Entry and Exit Dynamics of 'Excessive Deficits' in the European Union

Ali Bayar

215: Welfare Effects of Immigration in a Dual Labor Market

Clemens Fuest and Marcel Thum

214: Immigration and Skill Formation in Unionised Labour Markets

Clemens Fuest and Marcel Thum

213: Costly Bargaining and Renegotiation

Luca Anderlini and Leonardo Felli

212: Property Rights, Finance, and Entrepreneurship

Simon Johnson, John McMillan and Christopher Woodruff

211: Contract Enforcement in Transition

Simon Johnson, John McMillan and Christopher Woodruff

210: Firm Performance, Financial Institutions and Corporate Governance in the Netherlands

Bob Chirinko, Hans van Ees, Harry Garretsen and Elmer Sterken

209: An Economic Rationale for Public Education: The Value of Commitment

Mark Gradstein

208: Inefficient R&D in Public Procurement: Negative Consequences of a Separation between Award and Actual Contract

Dieter Bös

207: Earmarked Taxation: Welfare versus Political Support

Dieter Bös

206: Growth and Convergence in a Two-Region Model of Unified Germany

Michael Funke and Holger Strulik

205: Exchange Rate Misalignments and Crises

Jerome Stein and Giovanna Paladino

204: A Stochastic Optimal Control Approach to International Finance and Foreign Debt

Wendell Fleming and Jerome Stein