CESifo Working Paper Series

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203: Trade Shocks and Macroeconomic Fluctuations in Africa

Ayhan Kose and Raymond Riezman

202: Why to Invest in your Neighbor? Social Contract on Educational Investment

Panu Poutvaara and Vesa Kanniainen

201: War and Democracy

Gregory Hess and Athanasios Orphanides

200: Real and Monetary Challenges to Wage Policy in Germany at the Turn of the Millennium: Technical Progress, Globalization and European Monetary Union

Wolfgang Franz

199: Preserving the Ocean Circulation: Implications for Climate Policy

Klaus Keller, Kelvin Tan, Francois M.M. Morel and David Bradford

198: Taxing Family Size and Subsidising Child-specific Commodities? Optimal Fiscal Treatment of Households with Endogenous Fertility

Alessandro Cigno and Anna Pettini

197: To what Extent are Public Pensions Pareto-improving? On the Interaction of Means Tested Basic Income and Public Pensions

Robert Fenge and Jakob von Weizsäcker

196: Shadow Economies Around the World - Size, Causes, and Consequences

Friedrich Schneider and Dominik Enste

195: Pension Reform and Demographic Crisis: Why a Funded System is Needed and why it is not Needed

Hans-Werner Sinn

194: Determinants of Tax Rates in Local Capital Income Taxation: A Theoretical Model and Evidence from Germany

Thiess Büttner

193: Ownership Concentration and Share Valuation: Evidence from Germany

Jeremy Edwards, Alfons J. Weichenrieder and Alfons Weichenrieder

192: The Competition between Competition Rules

Hans-Werner Sinn

191: The Crisis of Germany's Pension Insurance system and How it Can be Resolved

Hans-Werner Sinn

190: Does Conservatism Matter? A Time Series Approach to Central Banking

Helge Berger and Ulrich Woitek

189: Harassment, Corruption and Economic Policy

Sugata Marjit, Vivekananda Mukherjee and Arijit Mukherjee

188: A Dynamic Analysis of Licensing: The Boomerang Effect and Grant-Back Clauses

Jay Choi

187: Reexamining the Estimation of Simultaneous Equations Systems

Yoshio Kimura

186: How Efficient is a Contestable Natural Monopoly?

Alfons J. Weichenrieder and Alfons Weichenrieder

185: Workfare in Germany and the Problem of Vertical Fiscal Externalities

Holger Feist and Ronnie Schöb

184: Does Money Illusion Matter? An Experimental Approach

Ernst Fehr and Jean-Robert Tyran

183: Cooperation and Punishment in Public Goods Experiments

Ernst Fehr and Simon Gaechter

182: EU Enlargement, Migration, and Lessons from German Unification

Hans-Werner Sinn

181: Direct and Indirect Taxation when Households Differ in Market and Non-market Abilities

Alessandro Balestrino, Alessandro Cigno and Anna Pettini

180: Corporate Governance in Germany: The Influence of Banks and Large Equity-holders

Jeremy Edwards and Marcus Nibler

179: Inflation and Welfare: Comment on Robert Lucas

Hans-Werner Sinn

178: When is a State Predatory?

James Robinson

177: Women and the "Second Serfdom": Evidence from Bohemia

Sheilagh Ogilvie and Jeremy Edwards

176: Green Tax Reform and Competitiveness

Erkki Koskela, Ronnie Schöb and Hans-Werner Sinn

175: Why Governments should Tax Mobile Capital in the resence of Unemployment

Erkki Koskela and Ronnie Schöb

174: Monetary Union and Precautionary Labour-market Reform

Lars Calmfors

173: Unemployment, Labour-market Reform and Monetary Union

Lars Calmfors

172: The Economics of Repeated Extortion

Jay Choi and Marcel Thum

171: Public Goods, Club Goods, and the Measurement of Crowding

Michael Reiter, Alfons J. Weichenrieder and Alfons Weichenrieder

170: Tying and Innovation: A Dynamic Analysis of Tying Arrangements

Jay Choi

169: Point Schemes

John G. Treble

168: Discounting an Uncertain Future

Christian Gollier and Jean Rochet

167: Economic Integration and Labor Market Institutions; Worker Mobility, Earnings Risk, and Contract Structure

Ronnie Schöb and David Wildasin

166: Market Segmentation, Market Integration and Tacit Collusion

Constantin Colonescu and Nicolas Schmitt

165: The Value of Genetic Information in the Life Insurance Market

Michael Hoy and Mattias K Polborn

164: Trade Liberalization in Eastern European Countries and the Prospects of their Integration into the World Trading System

Jaleel Ahmad and Jing Yang

163: The Design of a Consumption Tax under Capital Risk

Syed Ahsan and Peter Tsigaris

162: Horizontal Inequity: Some New Perspectives

Peter Lambert

161: Expressive Law and Economics

Robert Cooter

160: Sequential Investments and Options to Own

Klaus Schmidt

159: The Scandal Matrix: The Use of Scandals in the Progress of Society

Manfred J. Holler and Bengt-Arne Wickström

158: Can Bilingualism be Dynamically Stable? A Simple Model of Language Choice

Bengt-Arne Wickström

157: Unit Roots, Change, and Decision Bounds

Robert Kunst

156: Green National Accounting: Why and How?

Geir Asheim

155: External Shocks and Economic Dynamics: The Case of African Countries

Ayhan Kose and Raymond Riezman

154: The Pay-as-you-go Pension System as a Fertility Insurance and Enforcement Device

Hans-Werner Sinn

153: European Integration and the Future of the Welfare State

Hans-Werner Sinn

152: Trade, Multinationals and Transfer Pricing Regulations

Guttorm Schjelderup, Alfons J. Weichenrieder and Alfons Weichenrieder

151: Pollution, Factor Taxation and Unemployment

Erkki Koskela, Ronnie Schöb and Hans-Werner Sinn

150: Ethnic Norms and their Transformation through Reputational Cascades

Timur Kuran

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