CESifo Working Paper Series

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5957: Dispersed Information and the Origins of Aggregate Fluctuations

Jakob Grazzini and Domenico Massaro

5956: How do Land Markets Anticipate Regulatory Change? Evidence from Canadian Conservation Policy

Branko Bošković and Linda Nøstbakken

5955: Designing Contests Between Heterogeneous Contestants: An Experimental Study of Tie-Breaks and Bid-Caps in All-Pay Auctions

Aniol Llorente-Saguer, Roman M. Sheremeta and Nora Szech

5954: Simultaneous Use of Black, Green, and White Certificates Systems: A Rather Messy Business

Eirik S. Amundsen and Torstein Bye

5953: Lab in the Field: Measuring Preferences in the Wild

Uri Gneezy and Alex Imas

5952: Relational Altruism and Giving in Social Groups

Kimberley Ann Scharf and Sarah Smith

5951: The Importance of School Systems: Evidence from International Differences in Student Achievement

Ludger Woessmann

5950: Buffering Volatility: A Study on the Limits of Germany's Energy Revolution

Hans-Werner Sinn

5949: Complementarities, Coordination, and Culture

Christopher J. Ellis, Jon C. Thompson and Jiabin Wu

5948: Self-Enforcing Family Rules, Marriage and the (Non)Neutrality of Public Intervention

Alessandro Cigno, Mizuki Komura and Annalisa Luporini

5947: The Duration of Judicial Deliberation: Evidence from Belgium

Samantha Bielen, Wim Marneffe, Peter Grajzl and Valentina Dimitrova-Grajzl

5946: The European Central Bank's QE: A New Hope

Tomasz Wieladek and Antonio I. Garcia Pascual

5945: Competing with Asking Prices

Benjamin Lester, Ludo Visschers and Ronald Wolthoff

5944: The Silent Success of Customs Unions

Hinnerk Gnutzmann and Arevik Gnutzmann-Mkrtchyan

5943: Trade, Luxury Goods and a Growth Enhancing Tariff

Leonid Azarnert

5942: The March of the Techies: Technology, Trade, and Job Polarization in France, 1994-2007

James Harrigan, Ariell Reshef and Farid Toubal

5941: Optimal Revelation of Life-Changing Information

Nikolaus Schweizer and Nora Szech

5940: Why is China Investing in Africa? Evidence from the Firm Level

Wenjie Chen, David Dollar and Heiwai Tang

5939: Regret in One-Shot and Recurrent Decisions: A Cautionary Tale

Alex Imas, Diego Lamé and Alistair Wilson

5938: Information and Preferences for Public Spending: Evidence from Representative Survey Experiments

Philipp Lergetporer, Guido Schwerdt, Katharina Werner and Ludger Woessmann

5937: Coerced Labor in the Cotton Sector: How Global Commodity Prices (Don't) Transmit to the Poor

Alexander Danzer and Robert Grundke

5936: What Makes a Price Fair? An Experimental Study of Transaction Experience and Endogenous Fairness Views

Holger Herz and Dmitry Taubinsky

5935: Overlapping Ownership, R&D Spillovers, and Antitrust Policy

Ángel L. López and Xavier Vives

5934: The Cost of Endangered Species Protection: Evidence from Auctions for Natural Resources

Branko Bošković and Linda Nøstbakken

5933: Vertical Integration and Downstream Collusion

Sara Biancini and David Ettinger

5932: Equity Fund Flows and Stock Market Returns in the US before and after the Global Financial Crisis: A VAR-GARCH-in-mean Analysis

Vassilios Babalos, Guglielmo Maria Caporale and Nicola Spagnolo

5931: Optimal Unemployment Benefit Policy and the Firm Productivity Distribution

Tomer Blumkin, Leif Danziger and Eran Yashiv

5930: Taxing Pensions

Helmuth Cremer and Pierre Pestieau

5929: How Job Changes Affect People's Lives - Evidence from Subjective Well-being Data

Adrian Chadi and Clemens Hetschko

5928: Capital-Labor Substitution, Structural Change and Growth

Francisco Alvarez-Cuadrado, Ngo Long and Markus Poschke

5927: The Political Economy of Services Trade Agreements

Matteo Fiorini and Mathilde Lebrand

5926: Anonymity, Efficiency Wages and Technological Progress

Stephen Broadberry, Sayantan Ghosal and Eugenio Proto

5925: Family Disadvantage and the Gender Gap in Behavioral and Educational Outcomes

David Autor, David Figlio, Krzysztof Karbownik, Jeffrey Roth and Melanie Wasserman

5924: Revisiting the Matching Function

Britta Kohlbrecher, Christian Merkl and Daniela Nordmeier

5923: Inter Vivos Transfers of Ownership in Family Firms

James R. Hines, Niklas Potrafke, Marina Riem and Christoph Schinke

5922: Market Power in Interactive Environmental and Energy Markets: The Case of Green Certificates

Eirik S. Amundsen and Gjermund Nese

5921: The Performance of Banks in the MENA Region During the Global Financial Crisis

Guglielmo Maria Caporale, Suman Lodh and Monomita Nandy

5920: Migration and Redistribution: Why the Federal Governance Structure of the Economic Union Matters

Assaf Razin and Efraim Sadka

5919: Estimating Immigrant Earnings Profiles when Migrations are Temporary

Christian Dustmann and Joseph-Simon Görlach

5918: COP 21 and Economic Theory: Taking Stock

Henry Tulkens

5917: Anti-discrimination Legislation and the Efficiency-Enhancing Role of Mandatory Parental Leave

Spencer Bastani, Tomer Blumkin and Luca Micheletto

5916: Search Frictions, Competing Mechanisms and Optimal Market Segmentation

Xiaoming Cai, Pieter Gautier and Ronald Wolthoff

5915: Distributional Implications of Joint Tax Evasion

Odd Erik Nygård, Joel Slemrod and Thor Thoresen

5914: Protectionism through Exporting: Subsidies with Export Share Requirements in China

Fabrice Defever and Alejandro Riaño

5913: Can Minimum Wages Raise Workers' Incomes in the Long Run?

George Economides and Thomas Moutos

5912: Academic Exclusion: Some Experiences

Arye L. Hillman and Heinrich Ursprung

5911: The Impact of Horizontal Mergers on Market Structure: Evidence from the Semiconductor Industry

Ralph Siebert

5910: Voter Turnout in European Parliament Elections: A Spatial Analysis

Nadia Fiorino, Nicola Pontarollo and Roberto Ricciuti

5909: Merger Policy in a Quantitative Model of International Trade

Holger Breinlich, Volker Nocke and Nicolas Schutz

5908: Regional Heterogeneity, the Rise of Public Debt and Monetary Policy in Post-Bubble Japan: Lessons for the EMU

Raphael Fischer and Gunther Schnabl

5907: Competitive Devaluations in Commodity-Based Economies: Colombia and the Pacific Alliance Group

Guglielmo Maria Caporale, Rodrigo Costamagna and Gustavo Rossini

5906: Historical Analysis of National Subjective Wellbeing Using Millions of Digitized Books

Thomas Hills, Eugenio Proto, Daniel Sgroi and Chanuki Illushka Seresinhe

5905: Social Networks and Housing Markets

Michael Bailey, Ruiqing Cao, Theresa Kuchler, Johannes Ströbel and Sam Ruiqing Cao

5904: Liberation Technology: Mobile Phones and Political Mobilization in Africa

Marco Manacorda and Andrea Tesei

5903: Optimal Liability when Consumers Mispredict Product Usage

Andrzej Baniak and Peter Grajzl

5902: Exchange Rate Regime, Financial Market Bubbles and Long-Term Growth in China: Lessons from Japan

Gunther Schnabl

5901: Identifying the Effects of Place-Based Policies - Causal Evidence from Germany

Eva Dettmann, Matthias Brachert and Mirko Titze

5900: Banking Crises

Richard Grossman

5899: Making (Small) Firms Happy. The Heterogeneous Effect of Trade Facilitation Measures

Lionel Fontagné, Gianluca Orefice and Roberta Piermartini

5898: Oil Project Selection by Metrics

Magne Emhjellen and Petter Osmundsen

5897: Real-Time State Space Method for Computing Smoothed Estimates of Future Revisions of U.S. Monthly Chained CPI

Peter Zadrozny

5896: Self-Enforcing Intergenerational Social Contract as a Source of Pareto Improvement and Pollution Mitigation

Nguyen Thang Dao, Kerstin Burghaus and Ottmar Edenhofer

5895: Rig Rates and Drilling Speed: Reinforcing Effects

Petter Osmundsen and Kristin Helen Roll

5894: The Cost of Decentralization: Linguistic Polarization and the Provision of Education

Francesco Cinnirella and Ruth Maria Schüler

5893: Balanced Budget Rules and Fiscal Outcomes: Evidence from Historical Constitutions

Zareh Asatryan, César Castellón and Thomas Stratmann

5892: Nursing Home Choice, Family Bargaining and Optimal Policy in a Hotelling Economy

Marie-Louise Leroux and Gregory Ponthiere

5891: The Rise of NGO Activism

Julien Daubanes and Jean Rochet

5890: Corruption and Political Stability: Does the Youth Bulge Matter?

Mohammad Reza Farzanegan and Stefan Witthuhn

5889: The Fickle Fringe and the Stable Core: Exporters' Product Mix Across Markets

Lionel Fontagné, Angelo Secchi and Chiara Tomasi

5888: Hidden Persuaders: Do Small Gifts Lubricate Business Negotiations?

Michel Maréchal and Christian Thöni

5887: The Effect of Policy Uncertainty on Investment Plans: Evidence from the Unexpected Acceptance of a Far-Reaching Referendum in Switzerland

Klaus Abberger, Andreas Dibiasi, Michael Siegenthaler and Jan-Egbert Sturm

5886: Cost Overrun at the Norwegian Continental Shelf: The Element of Surprise

Atle Oglend, Petter Osmundsen and Sindre Lorentzen

5885: Profit Shifting and FDI Restrictions

Mathilde Lebrand

5884: Extended Yule-Walker Identification of Varma Models with Single- or Mixed-Frequency Data

Peter Zadrozny

5883: Gender Equality in Muslim-Majority Countries

Moamen Gouda and Niklas Potrafke

5882: Tax Incidence on Competing Two-Sided Platforms: Lucky Break or Double Jeopardy

Paul Belleflamme and Eric Toulemonde

5881: Redistributive Politics and the Tyranny of the Middle Class

Floris Zoutman, Bas Jacobs and Egbert Jongen

5880: Growth of Income and Welfare in the U.S. 1979-2011

John Komlos

5879: Estimating Border Effects: The Impact of Spatial Aggregation

Cletus Coughlin and Dennis Novy

5878: Regulatory Arbitrage and the Efficiency of Banking Regulation

Pierre Boyer and Hubert Kempf

5877: Calendar Anomalies in the Ukrainian Stock Market

Guglielmo Maria Caporale and Alex Plastun

5876: The Burden of Unanticipated Government Spending

Burkhard Heer and Christian Scharrer

5875: Cooperating, Fast and Slow: Testing the Social Heuristics Hypothesis

Eirik Strømland, Sigve Tjøtta and Gaute Torsvik

5874: Tax Sparing, FDI, and Foreign Aid: Evidence from Territorial Tax Reforms

Céline Azémar and Dhammika Dharmapala

5873: Robust Determinants of the Shadow Economy: An International Comparison

Rajeev Goel and Michael Nelson

5872: Demographic Structure and Macroeconomic Trends

Yunus Aksoy, Henrique Basso, Ronald Smith and Tobias Grasl

5871: The Alma Mater Effect - Does Foreign Education of Political Leaders Influence Foreign Policy?

Axel Dreher and Shu Yu

5870: Head Start and the Distribution of Long Term Education and Labor Market Outcomes

Monique De Haan and Edwin Leuven

5869: Frederick Jackson Turner and the Westward Expanse: Changing Net Nutrition with Economic Development

Scott A. Carson

5868: Persuasion and Gender: Experimental Evidence from Two Political Campaigns

Vincenzo Galasso and Tommaso Nannicini

5867: Is a 'Factory Southern Africa' Feasible? Harnessing Flying Geese to the South African Gateway

Peter Draper, Andreas Freytag, Sören Scholvin and Luong Thanh Tran

5866: The Cultural Diffusion of the Fertility Transition: Evidence from Internal Migration in 19th Century France

Guillaume Daudin, Raphael Franck and Hillel Rapoport

5865: Externalities in Risky Resource Markets - Optimal Taxes, Leakage and Divestment

Florian Habermacher

5864: The Economics of Corporate and Business Tax Reform

Dhammika Dharmapala

5863: Cross-Border Tax Evasion under a Unilateral FATCA Regime

Dhammika Dharmapala

5862: Knowing the Damages is not Enough: The General Equilibrium Impacts of Climate Change

Matthias Kalkuhl and Ottmar Edenhofer

5861: Inequality, Public Wealth, and the Federal Shareholder

Giacomo Corneo

5860: How to Handle the Crisis in Greece? Empirical Evidence Based on a Survey of Economics Experts

Niklas Potrafke and Markus Reischmann

5859: The Unanimity Rule and Extremely Asymmetric Committees

Ruth Ban-Yashar and Leif Danziger

5858: Emotion at Stake - The Role of Stake Size and Emotions in a Power-to-take Game Experiment in China with a Comparison to Europe

Ronald Bosman, Heike Hennig-Schmidt, Frans A. A. M. van Winden and Frans A. A. M. van Winden