CESifo Working Paper Series

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7559: The impact of new drug launches on hospitalization in 2015 for 67 medical conditions in 15 OECD countries: a two-way fixed-effects analysis

Frank Lichtenberg

7558: What went wrong?: The Puerto Rican debt crisis, the "Treasury Put," and the failure of market discipline

Bob Chirinko, Ryan Chiu and Shaina Henderson

7557: A global compass for the great divergence: emissions vs. production centers of gravity 1820-2008

Caspar Sauter, Jean-Marie Grether and Nicole Mathys

7556: Incentives, search engines, and the elicitation of subjective beliefs: evidence from representative online survey experiments

Elisabeth Grewenig, Philipp Lergetporer, Katharina Werner and Ludger Woessmann

7555: The (In)Elasticity of Moral Ignorance

Marta Serra-Garcia and Nora Szech

7554: Phase-out of 'coal to power' in an ETS

Thomas Eichner and Rüdiger Pethig

7553: Tariffs and politics: evidence from Trump's trade wars

Thiemo René Fetzer, Carlo Schwarz and Thiemo Fetzer

7552: The network origins of the gains from trade

Maarten Bosker and Bastian Westbrock

7551: On the preferences of CoCo bond buyers and sellers

Guglielmo Maria Caporale and Woo-Young Kang

7550: Costs of energy efficiency mandates can reverse the sign of rebound

Don Fullerton and Chi Ta

7549: Government ideology and monetary policy in OECD countries

Dodge Cahan, Luisa Dörr, Niklas Potrafke and Luisa Dörr

7548: The dynamics of linking permit markets

Katinka Kristine Holtsmark and Kristoffer Midttømme

7547: Spatial inequality, geography and economic activity

Sandra Achten and Christian Lessmann

7546: Risk aversion, patience and intelligence: evidence based on macro data

Niklas Potrafke

7545: Determinants of trust: the role of personal experiences

Frederik Schwerter and Florian Zimmermann

7544: Environmental policy and innovation: a decade of research

David Popp

7543: The euro exchange rate and Germany's trade surplus

Stefan Hohberger, Marco Ratto and Lukas Vogel

7542: Estimation and inference for spatial models with heterogeneous coefficients: an application to U.S. house prices

Michele Aquaro, Natalia Bailey and Mohammad Pesaran

7541: A prospect-theory model of voter turnout

Oliver Herrmann, Richard Jong-A-Pin and Lambert Schoonbeek

7540: The intensive margin in trade

Ana Fernandes, Peter J. Klenow, Sergii Meleshchuk, Martha Denisse Pierola and Andres Rodriguez-Clare

7539: Attention-driven demand for bonus contracts

Markus Dertwinkel-Kalt, Mats Köster and Florian Peiseler

7538: Does revealing personality data affect prosocial behavior?

Michalis Drouvelis and Nikolaos Georgantzís

7537: Stock market linkages between the ASEAN countries, China and the US: a fractional cointegration approach

Guglielmo Maria Caporale, Luis Gil-Alana and Kefei You

7536: The political economy of higher education finance: how information and design affect public preferences for tuition

Philipp Lergetporer and Ludger Woessmann

7535: Superstar Exclusivity in Two-Sided Markets

Elias Carroni, Leonardo Madio and Shiva Shekhar

7534: Can government demand stimulate private investment? Evidence from U.S. federal procurement

Shafik Hebous and Tom Zimmermann

7533: Crowdsourcing financial information to change spending behavior

Francesco D'Acunto, Alberto G. Rossi, Michael Weber and Michael Weber

7532: Private bank deposits and macro/fiscal risk in the euro-area

Michael Arghyrou and María Gadea

7531: Setting a good example? Examining sibling spillovers in education achievement using a regression discontinuity design

Krzysztof Karbownik and Umut Özek

7530: Dynamic fiscal competition: a political economy theory

Calin Arcalean

7529: New characteristics and hedonic price index numbers

Ian Crawford and J. Peter Neary

7528: How to test technical conditions

Suehyun Kwon

7527: Who's afraid of Virginia WU? The labor composition and labor gains of trade

Timon Bohn, Steven Brakman and Erik Dietzenbacher

7526: Motivation and incentives in an online labor market

Sebastian Fest, Ola Kvaløy, Petra Nieken and Anja Schöttner

7525: Soda tax incidence and design under monopoly

Helmuth Cremer, Catarina Goulão and Jean-Marie Lozachmeur

7524: Pandemics, places, and populations: evidence from the Black Death

Remi Jedwab, Noel Johnson and Mark Koyama

7523: Data Brokers Co-Opetition

Yiquan Gu, Leonardo Madio and Carlo Reggiani

7522: Nonhomothetic preferences and rent sharing in an open economy

Hartmut Egger and Simone Habermeyer

7521: Prices vs. percentages: use of tradable green certificates as an instrument of greenhouse gas mitigation

Arild Heimvik and Eirik S. Amundsen

7520: Do male managers increase risk-taking of female teams? Evidence from the NCAA

René Böheim, Christoph Freudenthaler and Mario Lackner

7519: Local Norms Describing the Role of the State and the Private Provision of Training

Andreas Kuhn, Juerg Schweri and Stefan Wolter

7518: Endogenous Repo Cycles

Vyacheslav Arbuzov, Yu Awaya, Hiroki Fukai and Makoto Watanabe

7517: On Self-Serving Strategic Beliefs

Nadja R. Ging-Jehli, Florian H. Schneider and Roberto A. Weber

7516: Firms' Exports, Volatility and Skills: Evidence from France

Maria Bas, Pamela Bombarda, Sebastien Jean and Gianluca Orefice

7515: Trust, Ethnic Diversity, and Personal Contact: A Field Experiment

Henning Finseraas, Torbjørn Hanson, Åshild Johnsen, Andreas Kotsadam and Gaute Torsvik

7514: Discounting in the Presence of Scarce Ecosystem Services

Xueqin Zhu, Sjak Smulders and Aart de Zeeuw

7513: Informed-Principal Problem in Mechanisms with Limited Commitment

Suehyun Kwon

7512: Punish One, Teach A Hundred: The Sobering Effect of Punishment on the Unpunished

Francesco D'Acunto, Michael Weber, Jin Xie and Michael Weber

7511: Natural Disasters and Regional Development - The Case of Earthquakes

Marius Fabian, Christian Lessmann and Tim Sofke

7510: The Impact of Price Adjustment Costs on Price Dispersion in E-Commerce

René Böheim, Franz Hackl and Michael Hölzl-Leitner

7509: Universal Childcare for the Youngest and the Maternal Labour Supply

Astrid Kunze and Xingfei Liu

7508: Optimization over Graphs

Suehyun Kwon

7507: Multigenerational Transmission of Culture

Daniel Spiro

7506: Sovereign Bonds since Waterloo

Josefin Meyer, Carmen Reinhart and Christoph Trebesch

7505: Measuring Belief-Dependent Preferences without Information about Beliefs

Charles Bellemare and Alexander Sebald

7504: Behavioral Players in a Game

Suehyun Kwon

7503: Incorporating Inequality Aversion in Health-Care Priority Setting

Joan Costa-i-Font and Frank Cowell

7502: Changing Current Net Nutrition with Weight as a Measure of Net Nutritional Change with the Transition from Bound to Free Labor: A Difference-in-Decompositions Approach

Scott A. Carson

7501: It's not my Fault! Self-Confidence and Experimentation

Nina Hestermann and Yves Le Yaouanq

7500: Arming in the Global Economy: The Importance of Trade with Enemies and Friends

Michelle Garfinkel, Constantinos Syropoulos and Yoto Yotov

7499: Does Scientific Progress Affect Culture? A Digital Text Analysis

Michela Giorcelli, Nicola Lacetera and Astrid Marinoni

7498: A Tale of (Almost) 1001 Coefficients: Deep and Heterogeneous Effects of the EU-Turkey Customs Union

Mario Larch, Aiko F. Schmeißer and Joschka Wanner

7497: I Care What You Think: Social Image Concerns and the Strategic Revelation of Past Pro-Social Behavior

Ferdinand von Siemens

7496: Dimensions of Donation Preferences: The Structure of Peer and Income Effects

Michalis Drouvelis and Benjamin Marx

7495: Bank Bonus Pay as a Risk Sharing Contract

Matthias Efing, Harald Hau, Patrick Kampkötter and Jean Rochet

7494: The Slippery Slope Framework: Extending the Analysis by Investigating Factors Affecting Trust and Power

Mardhiah Mardhiah, Riyana Miranti and Robert Tanton

7493: Marginal Compensated Effects in Discrete Labor Supply Models

John K. Dagsvik, Steinar Strøm and Marilena Locatelli

7492: On the Political Feasibility of Increasing the Legal Retirement Age

Benjamin Bittschi and Berthold U. Wigger

7491: Expected Effects of the US Tax Reform on Other Countries: Global and Local Survey Evidence

Dorine Boumans, Clemens Fuest, Carla Krolage and Klaus Wohlrabe

7490: Endogenous Maternity Allowances as Exemplified by Academic Promotion Standards

Heinrich Ursprung

7489: Does A Change of Government Influence Compliance with International Agreements? Empirical Evidence for the NATO Two Percent Target

Johannes Blum, Niklas Potrafke and Tomer Blumkin

7488: Taxes, Incorporation, and Productivity

Robert Barro and Brian Wheaton

7487: Wealth Management and Uncertain Tipping Points

Steinar Strøm and Jon Vislie

7486: Inequality Undermines Democracy and Growth

Thorvaldur Gylfason

7485: Media's Role in the Making of a Democrat: Evidence from East Germany

Tim Friehe, Helge Müller and Florian Neumeier

7484: Oil Prices, Exchange Rates and Interest Rates

Lutz Kilian and Xiaoqing Zhou

7483: On the Productivity Effects of Higher Education Supply: Evidence from Italian History

Elena Cottini, Paolo Ghinetti and Simone Moriconi

7482: Salience of Inherited Wealth and the Support for Inheritance Taxation

Spencer Bastani and Daniel Waldenström

7481: On Event Study Designs and Distributed-Lag Models: Equivalence, Generalization and Practical Implications

Kurt Schmidheiny and Sebastian Siegloch

7480: Should We Care (More) About Data Aggregation? Evidence from Democracy Indices

Klaus Gründler and Tommy Krieger

7479: Dual Labour Markets Revisited

Samuel Bentolila, Juan Dolado and Juan F Jimeno

7478: Priority Roads: The Political Economy of Africa's Interior-to-Coast Roads

Roberto Bonfatti, Yuan Gu and Steven Poelhekke

7477: Policy Coordination under Model Disagreement and Uncertainty

Carsten Hefeker and Michael Neugart

7476: Induced Price Leadership and (Counter-)Spying Rivals' Play under Incomplete Information

Cuihong Fan, Byoung Heon Jun and Elmar Wolfstetter

7475: To Buy or not to Buy? Shrouding and Partitioning of Prices in an Online Shopping Field Experiment

Markus Dertwinkel-Kalt, Mats Köster and Matthias Sutter

7474: Strategic Investment Decisions in Multi-stage Contests with Heterogeneous Players

Christian Deutscher, Marco Sahm, Sandra Schneemann and Hendrik Sonnabend

7473: Global Value Chains, Trade Shocks and Jobs: An Application to Brexit

Hylke Vandenbussche, William Connell and Wouter Simons

7472: Environmental Policy on the Back of an Envelope: A Cobb-Douglas Model is Not Just a Teaching Tool

Don Fullerton and Chi Ta

7471: Bargaining with Intertemporal Maximin Payoffs

Vincent Martinet, Pedro Gajardo and Michel De Lara

7470: Energy Consumption in the GCC Countries: Evidence on Persistence

Guglielmo Maria Caporale, Luis Gil-Alana and Manuel Monge

7469: Let the Data Speak? On the Importance of Theory-Based Instrumental Variable Estimations

Volker Grossmann and Aderonke Osikominu

7468: Business Cycle Narratives

Vegard Larsen and Leif Thorsrud

7467: What Do Central Bankers Do? Evidence from the European Central Banks' Executive Board

Harald Badinger and Volker Nitsch

7466: A Theory of Outside Equity: Financing Multiple Projects

Spiros Bougheas and Tianxi Wang

7465: Election Turnout Inequality - Insights from Administrative Registers

Bernt Bratsberg, Andreas Kotsadam, Jo Lind, Halvor Mehlum and Oddbjørn Raaum

7464: Monetary Policy Communications and their Effects on Household Inflation Expectations

Olivier Coibion, Yuriy Gorodnichenko, Michael Weber and Michael Weber

7463: Collective Emotions and Protest Vote

Carlo Altomonte, Gloria Gennaro and Francesco Passarelli

7462: Switching from Worldwide to Territorial Taxation: Empirical Evidence of FDI Effects

Thiess Büttner and Carolin Holzmann

7461: Measuring Global Real Economic Activity: Do Recent Critiques Hold Up to Scrutiny?

Lutz Kilian

7460: The Macroeconomic Projections of the German Government: A Comparison to an Independent Forecasting Institution

Robert Lehmann and Timo Wollmershäuser