CESifo Working Paper Series

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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 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 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