CESifo Working Paper Series

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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

414: Beyond National Institutions: Labor Taxes and Regional Unemployment in Italy

Claudio Lupi and Giorgio Brunello

413: Nature, Power, and Growth

Thorvaldur Gylfason

412: Adverse Selection in the Annuity Market when Payoffs Vary over the Time of Retirement

Johann Brunner and Susanne Pech

411: Democracy and Income In-Equality: An Empirical Analysis

Mark Gradstein, Branko Milanovic and Yvonne Ying

410: Politics and Trade Policy: An Empirical Investigation

Theo Eicher and Thomas Osang

409: Optimal Forest Taxation under Private and Social Amenity Valuation

Erkki Koskela and Markku Ollikainen

408: The Enlargement of the European Union and the Redistribution of Seigniorage Wealth

Holger Feist

407: Optimal Central Bank Conservatism and Monopoly Trade Unions

Helge Berger, Carsten Hefeker and Ronnie Schöb

406: Competition of Politicians for Incentive Contracts and Elections

Hans Gersbach

405: Sources of U.S. Longevity Increase, 1960 -1997

Frank Lichtenberg

404: The Benefits and Costs of Newer Drugs: Evidence from the 1996 Medical Expenditure Panel Survey

Frank Lichtenberg

403: Theories of Fairness and Reciprocity – Evidence and Economic Applications

Ernst Fehr and Klaus Schmidt

402: Residence-based Capital Taxation: Why Information is Voluntarily Exchanged and why it is not

Wolfgang Eggert and Martin Kolmar

401: Auctions and Corruption

Yvan Lengwiler and Elmar Wolfstetter

400: Equilibrium Contracts for the Central Bank of a Monetary Union

Avinash Dixit and Henrik Jensen

399: The Role of Taxes as Automatic Destabilizers in New Keynesian Economics

Claus Thustrup Hansen and Henrik Jacobsen Kleven

398: Inequality and the State: Comparing U.S. and German Preferences

Giacomo Corneo

397: How Efficient is the East German Economy? An Exploration With Micro Data

Michael Funke and Jörg Rahn

396: Open Market Operations as a Monetary Policy Shock Measure in a Quantitative Business Cycle Model

Burkhard Heer and Andreas Schabert

395: The Empirical Relevance of the New Economic Geography: Testing for a Spatial Wage Structure in Germany

Steven Brakman, Harry Garretsen and Marc Schramm

394: The Role of Social Security in Household Decisions: Var Estimates of Saving and Fertility Behaviour in Germany

Alessandro Cigno, Luca Casolaro and Furio Rosati

393: Cost Competition, Fragmentation and Globalization

Barbara Dluhosch and Michael Burda

392: The Malleability of Undiscounted Utilitarianism as a Criterion of Intergenerational Justice

Geir Asheim and Wolfgang Buchholz

391: Income Splitting – is it Good for Both Partners in the Marriage?

Matthias Wrede

390: Tax Competition and International Public Goods

Kjetil Bjorvatn and Guttorm Schjelderup

389: Choosing Between School Systems

Volker Meier