CESifo Working Paper Series

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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

5857: The Political Economy of Multilateral Aid Funds

Jenny Simon and Justin Mattias Valasek

5856: Democracy and International Conflict

Alberto Vesperoni and Karl Wärneryd

5855: Measuring the Stringency of Land-Use Regulation: The Case of China's Building-Height Limits

Jan Brueckner, Shihe Fu, Yizhen Gu and Junfu Zhang

5854: Q-Targeting in New Keynesian Models

Burkhard Heer, Alfred Maussner and Halvor Ruf

5853: Imminent Entry and the Transition to Multimarket Rivalry in a Laboratory Setting

Charles Mason and Owen R. Phillips

5852: Key Success Drivers in Public Research Grants: Funding the Seeds of Radical Innovation in Academia?

Albert Banal-Estanol, Ines Macho-Stadler and David Perez-Castrillo

5851: Moral Hazard: Base Models and Two Extensions

Ines Macho-Stadler and David Perez-Castrillo

5850: Optimal Policies against Profit Shifting: The Role of Controlled-Foreign-Company Rules

Andreas Haufler, Mohammed Mardan and Dirk Schindler

5849: Electoral Competition with Rationally Inattentive Voters

Filip Matejka and Guido Tabellini

5848: Are Expectations Alone Enough? Estimating the Effect of a Mandatory College-Prep Curriculum in Michigan

Brian A. Jacob, Susan Dynarski, Kenneth Frank and Barbara Schneider

5847: Dynamic Competition with Network Externalities: Why History Matters

Hanna Halaburda, Bruno Jullien and Yaron Yehezkel

5846: Policy Uncertainty and Manufacturing Investment: Evidence from U.S. State Elections

Cameron Shelton and Nathan Falk

5845: Optimal Taxation, Income Inequality and the Household

Patricia Apps and Ray Rees

5844: Das House-Kapital: A Theory of Wealth-to-Income Ratios

Volker Grossmann and Thomas Steger

5843: Auctioneers as Market Makers: Managing Momentum in Chittagong Tea Auctions

Tanjim Hossain, Fahad Khalil and Matthew Shum

5842: Making the World a Better Place: Consumers' Group Identity in the Markets with Competition and Two-sided Opportunism

Vesa Kanniainen

5841: Population Aging and Inventive Activity

Andreas Irmen and Anastasia Litina

5840: Impact of European Food Safety Border Inspections on Agri-Food Exports: Evidence from Chinese Firms

Matthias Beestermöller, Anne-Célia Disdier and Lionel Fontagné

5839: Regulatory Competition in Capital Standards with Selection Effects among Banks

Andreas Haufler and Ulf Maier

5838: Optimal Cost Overruns: Procurement Auctions and Renegotiation

Fabian Herweg and Marco Schwarz

5837: Identification and Estimation of the Environmental Kuznets Curve: Pairwise Differencing to Deal with Nonlinearity and Nonstationarity

Suphi Sen, Bertrand Melenberg and Herman R.J. Vollebergh

5836: Taking the Leap: The Determinants of Entrepreneurs Hiring their First Employee

Robert Fairlie and Javier Miranda

5835: Trade, Finance and Endogenous Firm Heterogeneity

Alessandra Bonfiglioli, Rosario Crino and Gino Gancia

5834: Effective Tax Rates and Effective Progressivity in a Fiscally Decentralized Country

Marcus Roller and Kurt Schmidheiny

5833: Where are the Rent Seekers?

Arye Hillman and Heinrich Ursprung

5832: Diabetes and Labor Market Exits: Evidence from the Health & Retirement Study (HRS)

Pinka Chatterji, Heesoo Joo and Kajal Lahiri

5831: World-Trade Growth Accounting

Peter Egger and Sergey Nigai

5830: Mirrlees Meets Diamond-Mirrlees

Florian Scheuer and Iván Werning

5829: The Value of Incumbency in Heterogeneous Platforms

Gary Biglaiser and Jacques Crémer

5828: Imported-input Trade Liberalization and Firms' Export Performance in China: Theory and Evidence

Haichao Fan, Edwin Lai and Han Steffan Qi

5827: The Lasting Effects of Maternal Net Nutrition during US Economic Development

Scott A. Carson

5826: US Monetary Policy in a Globalized World

Jesús Crespo-Cuaresma, Gernot Doppelhofer, Martin Feldkircher and Florian Huber

5825: The China Shock: Learning from Labor Market Adjustment to Large Changes in Trade

David Autor, David Dorn and Gordon Hanson

5824: Big Data Analytics: A New Perspective

Alexander Chudik, George Kapetanios and Mohammad Pesaran

5823: Special and Differential Treatment for Developing Countries

Emanuel Ornelas

5822: Illegal Migration and Consumption Behavior of Immigrant Households

Christian Dustmann, Francesco Fasani and Biagio Speciale

5821: Does Income Inequality Lead to Terrorism?

Tim Krieger and Daniel Meierrieks

5820: Finance, Labour, Capital, and International Integration

Giuseppe Bertola

5819: Public Choice and Public Finance: A Survey

Charles Blankart

5818: Comment on Feige's Paper "Reflections on the Meaning and Measurement of Unobserved Economies: What do we really know about the 'Shadow Economy'?"

Friedrich Schneider

5817: Smoothing Asymmetric Shocks vs. Redistribution in the Euro Area: A Simple Proposal for Dealing with Mistrust in the Euro Area

Heikki Oksanen

5816: Exchange Rates and Macro News in Emerging Markets

Guglielmo Maria Caporale, Fabio Spagnolo and Nicola Spagnolo

5815: Information Aggregation in Democratic Mechanisms

Volker Britz and Hans Gersbach

5814: How Large are Global Energy Subsidies?

David Coady, Ian Parry, Louis Sears and Baoping Shang

5813: The More, the Better? The Impact of Instructional Time on Student Performance

Alejandra Cattaneo, Chantal Oggenfuss and Stefan Wolter

5812: Unleashing Animal Spirits - Self-Control and Overpricing in Experimental Asset Markets

Martin Kocher, Konstantin Lucks and David Schindler

5811: Extending the Input-Output Table Based on Firm-level Data

Heiwai Tang, Fei Wang and Zhi Wang

5810: Animal Spirits and the International Transmission of Business Cycles

Paul De Grauwe and Yuemei Ji

5809: Repeated Lobbying by Commercial Lobbyists and Special Interests

Thomas Groll and Christopher J. Ellis

5808: A Tale of Two Tails: Productivity Distribution and the Gains from Trade

Sergey Nigai

5807: The Bank Lending Channel in a Dual Banking System: Evidence from Malaysia

Guglielmo Maria Caporale, Nazif Catik, Mohamad Husam Helmi, Faek Menla Ali and Mohammad Tajik

5806: A Neglected Semi-Stylized Fact of Daily Stock Returns

Walter Kraemer

5805: Do Individuals Put Effort into Lying? Evidence from a Compliance Experiment

Nadja Dwenger and Tim Lohse

5804: Do Market Incentives for Hospitals Affect Health and Service Utilization? Evidence from PPS-DRG Tariffs in Italian Regions

Lorenzo Cappellari, Anna De Paoli and Gilberto Turati

5803: Business Cycle Asymmetries and the Labor Market

Britta Kohlbrecher and Christian Merkl

5802: Members, Joiners, Free-Riders, Supporters

Erik Ansink and Cees Withagen

5801: The Assignment and Division of the Tax Base in a System of Hierarchical Governments

William Hoyt

5800: Homo Moralis: Personal Characteristics, Institutions, and Moral Decision-Making

Thomas Deckers, Armin Falk, Fabian Kosse and Nora Szech

5799: Migrating Extremists

Christian Ochsner and Felix Roesel

5798: How Firms Export: Processing vs. Ordinary Trade with Financial Frictions

Kalina Manova and Zhihong Yu

5797: Secular Stagnation: Insights from a New Keynesian Model with Hysteresis Effects

Bas van Aarle and Bas Van Aarle

5796: Stylized Facts and Simulating Long Range Financial Data

Laurie Davies and Walter Kraemer

5795: Explaining the EUA-CER Spread

Marc Gronwald and Beat Hintermann

5794: Revenue for EMU: A Contribution to the Debate on Fiscal Union

Anna Iara