CESifo Working Paper Series

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7227: Royalty Taxation under Tax Competition and Profit Shifting

Steffen Juranek, Dirk Schindler and Andrea Schneider

7226: Airline Alliances and Service Quality

Jan Brueckner and Ricardo Flores-Fillol

7225: On the Effects of Linking Voluntary Cap-and-Trade Systems for CO2 Emissions

Martin Weitzman and Bjart Holtsmark

7224: The Economic Effects of Brexit - Evidence from the Stock Market

Holger Breinlich, Elsa Leromain, Dennis Novy, Thomas Sampson and Ahmed Usman

7223: Exponent of Cross-sectional Dependence for Residuals

Natalia Bailey, George Kapetanios and Mohammad Pesaran

7222: Can Online Surveys Represent the Entire Population?

Elisabeth Grewenig, Philipp Lergetporer, Lisa Simon, Katharina Werner and Ludger Woessmann

7221: Understanding Monetary Policy and its Effects: Evidence from Canadian Firms Using the Business Outlook Survey

Matthieu Verstraete and Lena Suchanek

7220: Political Competitiveness and Fiscal Structure: A Time Series Analysis. Canada, 1870 - 2015

J. Stephen Ferris and Stanley Winer

7219: Beyond Equal Rights: Equality of Opportunity in Political Participation

Paul Hufe and Andreas Peichl

7218: Linking Tax Morale and Personal Income Tax in Spain

Pilar Rey del Castillo and Jaime Villanueva-Garcia

7217: Naturalization and Labor Market Performance of Immigrants in Germany

Regina Riphahn and Salwan Saif

7216: Measuring Electoral Competitiveness: With Application to the Indian States

J. Stephen Ferris and Stanley Winer

7215: The Adaptive Liar: An Interactionist Approach of Multiple Dishonesty Domains

Ximena Garcia-Rada, Heather E. Mann, Lars Hornuf, Matthias Sohn, Juan Tafurt, Edwin S. Iversen and Dan Ariely

7214: Productivity and Firm Boundaries

Wilhelm Kohler and Marcel Smolka

7213: Status Seeking Behavior of the Poor: A Study on India

Sugata Marjit, Sattwik Santra and Koushik Hati

7212: Not Welcome Anymore: The Effect of Electoral Incentives on the Reception of Refugees

Matteo Gamalerio

7211: Common Correlated Effects Estimation of Heterogeneous Dynamic Panel Quantile Regression Models

Matthew Harding, Carlos Lamarche and Mohammad Pesaran

7210: Backlash in Attitudes After the Election of Extreme Political Parties

Magnus Carlsson, Gordon Dahl and Dan-Olof Rooth

7209: Physician Density and Infant Mortality: A Semiparametric Analysis of the Returns to Health Care Provision

Helge Liebert and Beatrice Mäder

7208: The Trade Effects of Anti-Dumping Duties: Firm-Level Evidence from China

Gabriel Felbermayr, Alexander-Nikolai Sandkamp and Gabriel J. Felbermayr

7207: Simple Rules for Climate Policy and Integrated Assessment

Frederick (Rick) van der Ploeg and Armon Rezai

7206: Characterizing Sustainability in Discrete Time

Geir Asheim and Tapan Mitra

7205: An Equilibrium Model of the African HIV/AIDS Epidemic

Jeremy Greenwood, Philipp Kircher, Cezar Santos and Michele Tertilt

7204: Have Capital Market Anomalies Worldwide Attenuated in the Recent Era of High Liquidity and Trading Activity?

Benjamin R. Auer and Horst Rottmann

7203: Insecure Property Rights and the Missing Middle

Aram Grigoryan and Mattias K Polborn

7202: Econographics

Jonathan Chapman, Mark Dean, Pietro Ortoleva, Erik Snowberg and Colin Camerer

7201: Oil Price Fluctuations and Exchange Rate Dynamics in the MENA Region: Evidence from Non-Causality-in- Variance and Asymmetric Non-Causality Tests

Ridha Nouira, Thouraya Hadj Amor and Christophe Rault

7200: Job Search Requirements, Effort Provision and Labor Market Outcomes

Patrick Arni and Amelie Schiprowski

7199: Is Hard Brexit Detrimental to EU Integration? Theory and Evidence

Irena Mikolajun and Jean-Marie Viaene

7198: Coups, Regime Transition, and the Dynamics of Press Freedom

Christian Bjørnskov, Andreas Freytag and Jerg Gutmann

7197: Labor-Market Returns to Higher Vocational Schooling

Petri Böckerman, Mika Haapanen and Christopher Jepsen

7196: International Value-Added Linkages in Development Accounting

Alejandro Cunat and Robert Zymek

7195: Redistribution through Income Taxation and Public Utility Pricing in the Presence of Energy Efficiency Considerations

Fabian Feger, Doina Radulescu and Doina Maria Radulescu

7194: Recent Trade Dynamics in Asia: Examples from Specific Industries

Marc Auboin and Floriana Borino

7193: Who Voted for Brexit? Individual and Regional Data Combined

Eleonora Alabrese, Sascha Becker, Thiemo Fetzer, Dennis Novy and Sascha O. Becker

7192: Educational Inequality and Public Policy Preferences: Evidence from Representative Survey Experiments

Philipp Lergetporer, Katharina Werner and Ludger Woessmann

7191: Is Additional Schooling Worthless? Revising Zero Returns to Compulsory Schooling in Germany

Kamila Cygan-Rehm

7190: Price Rigidity and the Origins af Aggregate Fluctuations

Ernesto Pasten, Raphael Schoenle, Michael Weber and Michael Weber

7189: Oligopoly, Macroeconomic Performance, and Competition Policy

José Azar and Xavier Vives

7188: Optimal Income Taxation in Unionized Labor Markets

Albert Jan Hummel and Bas Jacobs

7187: Dissecting Characteristics Nonparametrically

Joachim Freyberger, Andreas Neuhierl, Michael Weber and Michael Weber

7186: The European Social Welfare Function Shaped on a Difference Principle: A Normative Rawlsian Approach in Favour of Fiscal Union

Klaudijo Klaser

7185: Prioritization vs Zero-Rating: Discrimination on the Internet

Axel Gautier and Robert Somogyi

7184: International Corporate Tax Avoidance: A Review of the Channels, Magnitudes, and Blind Spots

Sebastian Beer, Ruud de Mooij and Li Liu

7183: Signaling versus Auditing

Helmut Bester, Matthias Lang and Jianpei Li

7182: When the Market Drives you Crazy: Stock Market Returns and Fatal Car Accidents

Corrado Giulietti, Mirco Tonin and Michael Vlassopoulos

7181: Why is there so much Inertia in Inflation and Output? A Behavioral Explanation

Yuemei Ji

7180: Strategic Implications of Counter-Geoengineering: Clash or Cooperation?

Daniel Heyen, Joshua Horton and Juan Moreno-Cruz

7179: Sanctioning and Trustworthiness across Ethnic Groups: Experimental Evidence from Afghanistan

Vojtěch Bartoš and Ian Levely

7178: Heterogeneity, Vetoes, and Exit Clauses in Federal Systems

Martijn Huysmans

7177: Risk Management-Driven Policy Rate Gap

Giovanni Caggiano, Efrem Castelnuovo and Gabriela Nodari

7176: Reserves for All? Central Bank Digital Currency, Deposits, and their (Non)-Equivalence

Dirk Niepelt

7175: Size, Determinants, and Consequences of Corruption in China's Provinces: The MIMIC Approach

Hailin Chen, Friedrich Schneider and Qunli Sun

7174: Working Times and Overweight: Tight Schedules, Weaker Fitness?

Joan Costa-i-Font and Belen Saenz de Miera Juarez

7173: Offshoring under Uncertainty

Wilhelm Kohler and Bohdan Kukharskyy

7172: Peeling Away the Layers: Impacts of Durable Tariff Elimination

Arevik Gnutzmann-Mkrtchyan and Christian Henn

7171: Firms, Trade and Profit Shifting: Evidence from Aggregate Data

Sébastien Laffitte and Farid Toubal

7170: How Do Banks Interact with Fintech Startups?

Lars Hornuf, Milan F. Klus, Todor S. Lohwasser and Armin Schwienbacher

7169: Credit Channel and Business Cycle: The Role of Tax Evasion

Bruno Chiarini, Maria Ferrara and Elisabetta Marzano

7168: Testing

Annika Barbara Bergbauer, Eric Hanushek and Ludger Woessmann

7167: Modelling Volatility of Cryptocurrencies Using Markov-Switching Garch Models

Guglielmo Maria Caporale and Timur Zekokh

7166: Structural Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks: Comment

Lutz Kilian and Xiaoqing Zhou

7165: The Politics of Aging and Retirement: Evidence from Swiss Referenda

Piera Bello and Vincenzo Galasso

7164: Market Potential and Global Growth over the Long Twentieth Century

David Jacks and Dennis Novy

7163: Measuring Quality for Use in Incentive Schemes: The Case of "Shrinkage" Estimators

Nirav Mehta

7162: Who Benefits from Universal Child Care? Estimating Marginal Returns to Early Child Care Attendanc

Thomas Cornelissen, Christian Dustmann, Anna Raute and Uta Schönberg

7161: Resolving Sovereign Debt Crises: The Role of Political Risk

Christoph Trebesch

7160: Unemployment Effects of the German Minimum Wage in an Equilibrium Job Search Model

Maximilian Blömer, Nicole Guertzgen, Laura Pohlan, Holger Stichnoth and Gerard van den Berg

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