CESifo Working Paper Series

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7159: Did Austerity Cause Brexit?

Thiemo Fetzer

7158: Quantum Decision Theory and the Ellsberg Paradox

Ali al-Nowaihi, Sanjit Dhami and Mengxing Wei

7157: Where Do You Come from, where Do You Go? Assessing Skills Gaps and Labour Market Outcomes of Young Adults with Different Immigration Backgrounds

Alison Cathles, Dongshu Ou, Simone Sasso, Mary Setrana and Tom van Veen

7156: Paying for what kind of Performance? Performance Pay and Multitasking in Mission-Oriented Jobs

Daniel Jones, Mirco Tonin and Michael Vlassopoulos

7155: The International Transmission of Monetary Policy

Claudia Buch, Matthieu Bussiere, Linda Goldberg and Robert Hills

7154: How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?

Christopher Roth and Johannes Wohlfart

7153: How Community Managers Affect Online Idea Crowdsourcing Activities

Lars Hornuf and Sabrina Jeworrek

7152: Multi-Pollutant Point-Nonpoint Trading with Participation Decisions: The Role of Transaction Costs

Carson Reeling, Richard D. Horan and Cloé Garnache

7151: Optimal Cross-Licensing Arrangements: Collusion versus Entry Deterrence

Jay Choi and Heiko Gerlach

7150: Misreported Trade

Mohammad Farhad, Michael Jetter, Abu Siddique and Andrew Williams

7149: Tax Morale and the Role of Social Norms and Reciprocity. Evidence from a Randomized Survey Experiment

Philipp Dörrenberg and Andreas Peichl

7148: Wealth Preference and Rational Bubbles

Jean-Baptiste Michau, Yoshiyasu Ono and Matthias Schlegl

7147: How Much Binding Is the Bill?

Gianluca Cafiso and Roberto Cellini

7146: Shedding Light on the Spatial Diffusion of Disasters

Gabriel Felbermayr, Jasmin Katrin Gröschl, Mark Sanders, Vincent Schippers, Thomas Steinwachs and Gabriel J. Felbermayr

7145: Intermittent Price Changes in Production Plants: Empirical Evidence Using Monthly Data

Øivind Nilsen and Magne Vange

7144: Adolescents on the Road: A Case Study of Determinants of Risky Behaviors

Filippo Elba, Fiammetta Cosci, Anna Pettini and Federico M. Stefanini

7143: Cash in Circulation and the Shadow Economy: An Empirical Investigation for Euro Area Countries and Beyond

Franz Seitz, Hans-Eggert Reimers and Friedrich Schneider

7142: Identification of Causal Mechanisms Based on Between-Subject Double Randomization Design

Conny Wunsch and Renate Strobl

7141: Attitudes towards Euro Area Reforms: Evidence from a Randomized Survey Experiment

Mathias Dolls and Nils Wehrhöfer

7140: The Intergenerational Transmission of Welfare Dependency

Monique De Haan and Ragnhild C. Schreiner

7139: An Experimental Test of the Validity of Survey-Measured Political Ideology

Maite D. Laméris, Richard Jong-A-Pin and Rasmus Wiese

7138: Time-Dependency in Producers' Price Adjustments: Evidence from Micro Panel Data

Øivind Nilsen, Per Marius Pettersen and Joakim Bratlie

7137: Foreign-Law Bonds: Can They Reduce Sovereign Borrowing Costs?

Marcos Chamon, Julian Schumacher and Christoph Trebesch

7136: Testing the Waters: Behavior across Participant Pools

Erik Snowberg and Leeat Yariv

7135: The Role of Colleges within the Higher Education Sector

Bernhard Eckwert and Itzhak Zilcha

7134: MPC Heterogeneity and Household Balance Sheets

Andreas Fagereng, Martin B. Holm and Gisle Natvik

7133: The Tax-Efficient Use of Debt in Multinational Corporations

Jarle Møen, Dirk Schindler, Guttorm Schjelderup and Georg Wamser

7132: Social Preferences and Social Curiosity

Weiwei Tasch and Daniel Houser

7131: Public R&D Support and Firms' Performance - A Panel Data Study

Øivind Nilsen, Arvid Raknerud and Diana-Cristina Iancu

7130: The Joint Distribution of Wealth and Income Risk: Evidence from Bern

Matthias Krapf

7129: Uncertain Altruism and Non-Linear Long-Term Care Policies

Chiara Canta and Helmuth Cremer

7128: Political Participation and the Welfare State

Rainald Borck

7127: The Relative Effectiveness of Spot and Derivatives Based Intervention

Milan Nedeljkovic and Christian Saborowski

7126: Managers as Knowledge Carriers - Explaining Firms' Internationalization Success with Manager Mobility

Philipp Meinen, Pierpaolo Parrotta, Davide Sala and Erdal Yalcin

7125: Risky Choices and Solidarity: Why Experimental Design Matters

Conny Wunsch and Renate Strobl

7124: Central Bank Swap Lines

Saleem Bahaj and Ricardo Reis

7123: Currency Unions, Trade, and Heterogeneity

Natalie Chen and Dennis Novy

7122: Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model

Jonas E. Arias, Guido Ascari, Nicola Branzoli and Efrem Castelnuovo

7121: Population Aging, Social Security and Fiscal Limits

Burkhard Heer, Vito Polito, Michael Wickens and Michael R. Wickens

7120: Optimal Fiscal Policy with Labor Selection

Sanjay Chugh, Wolfgang Lechthaler and Christian Merkl

7119: Measuring Unfair Inequality: Reconciling Equality of Opportunity and Freedom from Poverty

Paul Hufe, Ravi Kanbur and Andreas Peichl

7118: Shadow Banks and the Risk-Taking Channel of Monetary Policy Transmission in the Euro Area

Arina Wischnewsky and Matthias Neuenkirch

7117: Combatting Tax Evasion: Evidence from Comparing Commercial and Business Tax Registry

Collen Lediga, Nadine Riedel and Kristina Strohmaier

7116: The Energy Efficiency Rebound Effect in General Equilibrium

Christoph Böhringer and Nicholas Rivers

7115: Conditional Cooperation and the Effect of Punishment

Oliver Kirchkamp and Wladislaw Mill

7114: Wages and Employment: The Role of Occupational Skills

Esther Mirjam Girsberger, Miriam Rinawi and Matthias Krapf

7113: Managing Trade: Evidence from China and the US

Nick Bloom, Kalina Manova, John van Reenen, Stephen Teng Sun, Zhihong Yu and Nicholas Bloom

7112: Trade and Currency Weapons

Agnès Benassy-Quere, Matthieu Bussiere and Pauline Wibaux

7111: Employment Effects of Payroll Tax Subsidies

Matthias Collischon, Kamila Cygan-Rehm and Regina Riphahn

7110: Quantity-cum-Quality Contests

J. Atsu Amegashie

7109: What is a Foreign Firm? Implications for Productivity Spillovers

Sara L. McGaughey, Pascalis Raimondos and Lisbeth la Cour

7108: Monetary Policy Analysis when Planning Horizons are Finite

Michael Woodford

7107: Heterogeneity and Persistence in Returns to Wealth

Andreas Fagereng, Luigi Guiso, Davide Malacrino and Luigi Pistaferri

7106: Optimal Law Enforcement with Sophisticated and Naive Offenders

Berno Buechel, Eberhard Feess and Gerd Muehlheusser

7105: Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach

Giovanni Caggiano, Efrem Castelnuovo and Juan Manuel Figueres

7104: The Hardships of Long Distance Relationships: Time Zone Proximity and Knowledge Transmission within Multinational Firms

Dany Bahar

7103: Guaranteed Renewable Life Insurance Under Demand Uncertainty

Michael Hoy, Afrasiab Mirza and Asha Sadanand

7102: How to Measure Financial Market Efficiency? A Multifractality-Based Quantitative Approach with an Application to the European Carbon Market

Cristina Sattarhoff and Marc Gronwald

7101: Do Electoral Rules Matter for Female Representation?

Paola Profeta and Eleanor Woodhouse

7100: Long Term Care Risk Misperceptions

Martin Boyer, Philippe De Donder, Claude Fluet, Marie-Louise Leroux and Pierre-Carl Michaud

7099: International Trade and Retail Market Performance and Structure: Theory and Empirical Evidence

Philipp Meinen and Horst Raff

7098: Do Working Hours Affect Health? Evidence from Statutory Workweek Regulations in Germany

Kamila Cygan-Rehm and Christoph Wunder

7097: Growing up in Ethnic Enclaves: Language Proficiency and Educational Attainment of Immigrant Children

Alexander Danzer, Carsten Feuerbaum, Marc Piopiunik and Ludger Woessmann

7096: Liquidity Traps and Large-Scale Financial Crises

Giovanni Caggiano, Efrem Castelnuovo, Olivier Damette, Antoine Parent and Giovanni Pellegrino

7095: The Effect of Forest Access on the Market for Fuelwood in India

Branko Bošković, Ujjayant Chakravorty, Martino Pelli and Anna Risch

7094: Systemic Crisis and Growth Revisited: Has the Global Financial Crisis Marked a New Era?

Sven Steinkamp and Frank Westermann

7093: Growing Against the Background of Colonization? Chinese Labor Market and FDI in a Historical Perspective

Hao Wang, Jan Fidrmuc and Yunhua Tian

7092: Paralyzed by Shock: The Portfolio Formation Behavior of Peer-to-Business Lending Investors

Gregor Dorfleitner, Lars Hornuf and Martina Weber

7091: Who Opts In?

Sandro Ambuehl, Axel Ockenfels and Colin Stewart

7090: Tax Competition between Developed, Emerging and Developing Countries - Same Same but Different?

Mohammed Mardan and Michael Stimmelmayr

7089: How Large are Road Traffic Externalities in the City? The Highway Tunneling in Maastricht, the Netherlands

Joep Tijm, Thomas Michielsen, Raoul van Maarseveen and Peter Zwaneveld

7088: Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission

Thomas Hintermaier and Winfried Koeniger

7087: A Reconsideration of the Sugar Sweetened Beverage Tax in a Household Production Model

Di Xiang, Lue Zhan and Massimo Bordignon

7086: Economic Policy Uncertainty Spillovers in Booms and Busts

Giovanni Caggiano, Efrem Castelnuovo and Juan Manuel Figueres

7085: Pro-rich Inflation in Europe: Implications for the Measurement of Inequality

Eren Gürer, Alfons J. Weichenrieder and Alfons Weichenrieder

7084: Dynamic Effects of Co-Ethnic Networks on Immigrants' Economic Success

Michele Battisti, Giovanni Peri and Agnese Romiti

7083: A Model of Heterogeneous Firm Matches in Cross-Border Mergers & Acquisitions

Steven Brakman, Harry Garretsen, Michiel Gerritse, Charles van Marrewijk and Charles van Marrewijk

7082: Skill, Innovation and Wage Inequality: Can Immigrants be the Trump Card?

Gouranga Das and Sugata Marjit

7081: Attribution Bias in Major Decisions: Evidence from the United States Military Academy

Kareem Haggag, Richard Patterson, Nolan Pope and Aaron Feudo

7080: Advertising as a Reminder: Evidence from the Dutch State Lottery

Chen He and Tobias Klein

7079: Forecasting Imports with Information from Abroad

Christian Grimme, Robert Lehmann and Marvin Noeller

7078: Selling Strategic Information in Digital Competitive Markets

David Bounie, Antoine Dubus and Patrick Waelbroeck

7077: Plunging into the Sea: Ideological Change, Institutional Environments and Private Entrepreneurship in China

Jin Yang, Jian Huang, Yanhua Deng and Massimo Bordignon

7076: Legislative Restraint in Corporate Bailout Design

Mark Gradstein and Michael Kaganovich

7075: Vocational High School Graduate Wage Gap: The Role of Cognitive Skills and Firms

Joop Hartog, Pedro Raposo and Hugo Reis

7074: State-Dependent Transmission of Monetary Policy in the Euro Area

Jan Pablo Burgard, Matthias Neuenkirch and Matthias Nöckel

7073: Prospects for a Monetary Union in the East Africa Community: Some Empirical Evidence

Guglielmo Maria Caporale, Hector Carcel and Luis Gil-Alana

7072: Oil Prices and GCC Stock Markets: New Evidence from Smooth Transition Models

Nidhaleddine Ben Cheikh, Sami Ben Naceur, Oussama Kanaan and Christophe Rault

7071: Leaning Against Housing Prices as Robustly Optimal Monetary Policy

Klaus Adam and Michael Woodford

7070: Hidden Persuaders: Do Small Gifts Lubricate Business Negotiations?

Michel Maréchal and Christian Thöni

7069: Cheap Talk? Financial Sanctions and Non-Financial Activity

Tibor Besedes, Stefan Goldbach and Volker Nitsch

7068: The Formation of Prosociality: Causal Evidence on the Role of Social Environment

Fabian Kosse, Thomas Deckers, Pia Pinger, Hannah Schildberg-Hörisch and Armin Falk

7067: Optimal Contracts for Discouraging Deforestation with Risk Averse Agents

Charles Mason

7066: Uncertainty and Hyperinflation: European Inflation Dynamics after World War I

Jose Lopez and Kris James Mitchener

7065: International Joint Ventures and Internal vs. External Technology Transfer: Evidence from China

Kun Jiang, Wolfgang Keller, Larry Qiu and William Ridley

7064: Police and Crime: Further Evidence from a Quasi-Natural Experiment

Vicente Cardoso and Marcelo Resende

7063: Tax Evasion on a Social Network

Duccio Gamannossi degl'Innocenti and Matthew Rablen

7062: Existence, Uniqueness, and Algorithm for Identifying Free Riders in Multiple Public Good Games: Replacement Function Approach

Ken-ichi Suzuki, Jun-ichi Itaya, Akitomo Yamanashi and Tatsuyoshi Miyakoshi

7061: Is it just Luring Reported Profit? The Case of European Patent Boxes

Marko Köthenbürger, Federica Liberini and Michael Stimmelmayr

7060: Jean-Michel Grandmont - A Forthcoming Mind

Laurent Linnemer and Michael Visser