CESifo Working Paper Series

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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

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

7459: Multicollinearity in the Presence of Errors-in-Variables Can Increase the Probability of Type-I Error

John Komlos

7458: On the Impact of Risky Private and Public Returns in the Private Provision of Public Goods - The Case of Social Investments

Jana Freundt and Andreas Lange

7457: Revenue Implications of Destination-Based Cash-Flow Taxation

Shafik Hebous, Alexander Klemm and Saila Stausholm

7456: Uncertainty and the Cost of Bank vs. Bond Finance

Christian Grimme

7455: Learning about One's Self

Yves Le Yaouanq and Peter Schwardmann

7454: Identifying Global and National Output and Fiscal Policy Shocks Using a GVAR

Alexander Chudik, Mohammad Pesaran and Kamiar Mohaddes

7453: The Out of Africa Hypothesis of Comparative Economic Development: Common Misconceptions

Quamrul Ashraf, Oded Galor and Marc Klemp

7452: Dragnet-Controls and Government Ideology

Niklas Potrafke

7451: Banking Panics and the Lender of Last Resort in a Monetary Economy

Tarishi Matsuoka and Makoto Watanabe

7450: Mothers' Care: Reversing Early Childhood Health Shocks through Parental Investments

Cristina Bellés-Obrero, Antonio Cabrales, Sergi Jimenez-Martin and Judit Vall-Castello

7449: Asymmetric Yardstick Competition: Traditional Procurement versus Public-Private Partnerships

Giuseppe Di Liddo and Annalisa Vinella

7448: Timing is Everything: Evidence from College Major Decisons

Richard Patterson, Nolan Pope and Aaron Feudo

7447: The Origins of Firm Heterogeneity: A Production Network Approach

Andrew Bernard, Emmanuel Dhyne, Glenn Magerman, Kalina Manova and Andreas Moxnes

7446: Fighting Mobile Crime

Rosario Crino, Giovanni Immordino and Salvatore Piccolo

7445: A Comparison of Regret Theory and Salience Theory for Decisions under Risk

Fabian Herweg and Daniel Müller

7444: Firms and Economic Performance: A View from Trade

Alessandra Bonfiglioli, Rosario Crino and Gino Gancia

7443: Political Risk and Real Exchange Rate: What can we Learn from Recent Developments in Panel Data Econometrics for Emerging and Developing Countries?

Mohsen Bahmani-Oskooee, Thouraya Hadj Amor, Ridha Nouira and Christophe Rault

7442: Energy Transition with Variable and Intermittent Renewable Electricity Generation

Aude Pommeret and Katheline Schubert

7441: Endogenous Timing and Income Inequality in the Voluntary Provision of Public Goods: Theory and Experiment

Jun-ichi Itaya, Atsue Mizushima and Kengo Kurosaka

7440: Migrants and Firms: Evidence from China

Clément Imbert, Marlon Seror, Yifan Zhang and Yanos Zylberberg

7439: Does Pre-Play Social Interaction Improve Negotiation Outcomes?

Pablo Brañas-Garza, Antonio Cabrales, Guillermo Mateu, Angel Sanchez and Angela Sutan

7438: How to Deal with the Risks of Phasing out Coal in Germany through National Carbon Pricing

Sebastian Osorio, Robert C. Pietzcker, Michael Pahle and Ottmar Edenhofer

7437: 57 Channels (And Nothin On) - Does TV-News on the Eurozone Affect Government Bond Yield Spreads?

Julia Wolfinger, Lars Feld, Ekkehard Köhler and Tobias Thomas

7436: Export Take-Offs and Acceleration: Unpacking Cross-Sector Linkages in the Evolution of Comparative Advantage

Dany Bahar, Samuel Rosenow, Ernesto Stein and Rodrigo Wagner

7435: Firm Organization with Multiple Establishments

Anna Gumpert, Henrike Steimer and Manfred Antoni

7434: Estimating Consumer Inertia in Repeated Choices of Smartphones

Lukasz Grzybowski and Ambre Nicolle

7433: Sales and Markup Dispersion: Theory and Empirics

Monika Mrazova, J. Peter Neary and Mathieu Parenti

7432: Exchange Competition, Entry, and Welfare

Giovanni Cespa and Xavier Vives

7431: Transition from Copper to Fiber Broadband: The Role of Connection Speed and Switching Costs

Lukasz Grzybowski, Maude Hasbi and Julienne Liang

7430: The KOF Globalisation Index - Revisited

Savina Gygli, Florian Haelg, Niklas Potrafke and Jan-Egbert Sturm

7429: The Dynamics of Finance-Growth-Inequality Nexus: Theory and Evidence for India

Pranab Kumar Das, Bhaswati Ganguli, Sugata Marjit and Sugata Sen Roy

7428: Assessing Income Tax Perturbations

Vidar Christiansen, Zhiyang Jia and Thor Thoresen

7427: Harmonization and Interpretation of the ifo Business Survey's Micro Data

Sebastian Link

7426: Revisiting Time as a Trade Barrier: Evidence from a Panel Structural Gravity Model

Harald Oberhofer, Michael Pfaffermayr and Richard Sellner

7425: Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression

Sanjiv Das, Kris James Mitchener and Angela Vossmeyer

7424: Freeze! Financial Sanctions and Bank Responses

Matthias Efing, Stefan Goldbach and Volker Nitsch

7423: Frontloaded Income Taxation of Old-Age Pensions: For Efficiency and Fairness in a World of International Labor Mobility

Bernd Genser and Robert Holzmann

7422: Financial Cycles, Credit Bubbles and Stabilization Policies

Luisa Corrado and Tobias Schuler

7421: Family Planning and Climate Change

Reyer Gerlagh, Veronica Lupi and Marzio Galeotti

7420: Knowledge Remittances: Does Emigration Foster Innovation?

Thomas Fackler, Yvonne Giesing and Nadzeya Laurentsyeva

7419: Trade Protection and the Role of Non-Tariff Barriers

Luisa Kinzius, Alexander-Nikolai Sandkamp and Erdal Yalcin

7418: Measuring the Competitiveness of Elections

Gary W. Cox, Jon Fiva and Daniel M. Smith

7417: A Meta-Analysis of the Literature on Climate Change and Migration

Michel Beine and Lionel Jeusette

7416: Salience and Skewness Preferences

Markus Dertwinkel-Kalt and Mats Köster

7415: Telecommunication Submarine-Cable Deployment and the Digital Divide in Sub-Saharan Africa

Joël Cariolle

7414: Steering the Climate System: An Extended Comment

Linus Mattauch, Richard Millar, Frederick (Rick) van der Ploeg, Armon Rezai, Anselm Schultes, Frank Venmans, Nico Bauer, Simon Dietz, Ottmar Edenhofer, Niall Farrell, Cameron Hepburn, Gunnar Luderer, Jacquelyn Pless, Fiona Spuler, Nicholas Stern Fba and Alexander Teytelboym