CESifo Working Paper Series

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5311: Investors' Portfolio Choice and Tax Reforms: The 2008 German Corporate Tax Reform Reconsidered

Michael Stimmelmayr

5310: Punitive Police? Agency Costs, Law Enforcement, and Criminal Procedure

Dhammika Dharmapala, Nuno Garoupa and Richard H. McAdams

5309: Boring Banks and Taxes

Rafael Aigner and Felix Bierbrauer

5308: Structural Vector Autoregressions with Heteroskedasticity - A Comparison of Different Volatility Models

Helmut Lütkepohl and Aleksei Netšunajev

5307: Contagion in Financial Networks: A Threat Index

Gabrielle Demange

5306: Substitution Between Individual and Source Country Characteristics: Social Capital, Culture, and US Labor Market Outcomes Among Immigrant Women

Francine Blau and Lawrence Kahn

5305: Asymmetric Connectedness on the U.S. Stock Market: Bad and Good Volatility Spillover

Jozef Baruník, Evžen Kočenda and Lukas Vacha

5304: 'High' Achievers? Cannabis Access and Academic Performance

Olivier Marie and Ulf Zölitz

5303: Immigration, Regional Conditions, and Crime: Evidence from an Allocation Policy in Germany

Marc Piopiunik and Jens Ruhose

5302: Flexicurity, Taxes and Job Reallocation

Thomas Davoine and Christian Keuschnigg

5301: Permanent Wage Cost Subsidies for Older Workers. An Effective Tool for Increasing Working Time and Postponing Early Retirement?

Andrea Albanese and Bart Cockx

5300: The Role of Bounded Rationality and Imperfect Information in Subgame Perfect Implementation - An Empirical Investigation

Philippe Aghion, Ernst Fehr, Richard Holden and Tom Wilkening

5299: College Expansion and Curriculum Choice

Michael Kaganovich and Xuejuan Su

5298: Immigration and Entrepreneurship

Robert Fairlie and Magnus Lofstrom

5297: Job Lock: Evidence from a Regression Discontinuity Design

Robert Fairlie, Kanika Kapur and Susane Gates

5296: Globalization: A Woman's Best Friend? Exporters and the Gender Wage Gap

Esther Ann Bøler, Beata Javorcik and Karen Helene Ulltveit-Moe

5295: Why Countries Differ in Thin Capitalization Rules: The Role of Financial Development

Mohammed Mardan

5294: The Political Economy of Pricing Car Access to Downtown Commercial Districts

Bruno De Borger and Antonio Russo

5293: Goals and Rules in Central Bank Design

Carl Walsh

5292: The Tax Gradient: Spatial Aspects of Fiscal Competition

David Agrawal

5291: Generalizations of the General Lotto and Colonel Blotto Games

Dan Kovenock and Brian Roberson

5290: Asymptotic Variance of Brier (Skill) Score in the Presence of Serial Correlation

Kajal Lahiri and Liu Yang

5289: Self-Fulfilling Credit Cycles

Costas Azariadis, Leo Kaas and Yi Wen

5288: Social Cohesion, Religious Beliefs, and the Effect of Protestantism on Suicide

Sascha Becker and Ludger Woessmann

5287: Modeling Damages in Climate Policy Models: Temperature-Based or Carbon-Based?

Charles Mason and Neil Wilmot

5286: Forecasting Tail Risks

Gianni De Nicolò and Marcella Lucchetta

5285: Oil Trade and Climate Policy

Malik Curuk and Suphi Sen

5284: Private Debt Overhang and the Government Spending Multiplier: Evidence for the United States

Marco Bernardini and Gert Peersman

5283: Courts in a Transition Economy: Case Disposition and the Quantity-Quality Tradeoff in Bulgaria

Valentina Dimitrova-Grajzl, Peter Grajzl, Atanas Slavov and Katarina Zajc

5282: Spillovers between Food and Energy Prices and Structural Breaks

Alanoud Al-Maadid, Guglielmo Maria Caporale, Fabio Spagnolo and Nicola Spagnolo

5281: Democracy with Group Identity

Arye Hillman, Kfir Metsuyanim and Niklas Potrafke

5280: Academic Achievements: Grades versus Duration

Agar Brugiavini, Carlo Carraro and Matija Kovacic

5279: Partial Fiscal Decentralization and Sub-National Government Fiscal Discipline: Empirical Evidence from OECD Countries

Zareh Asatryan, Lars Feld and Benny Geys

5278: Emission Permits and Public Pollution Abatement:: Can Decentralized Environmental Policies be Efficient?

Nikos Tsakiris, Panos Hatzipanayotou and Michael Michael

5277: Do People Anticipate Loss Aversion?

Alex Imas, Sally Sadoff and Anya Samek

5276: Environmental Tax Reform in a Federation with Rent-Induced Migration

Jean-Denis Garon and Charles Séguin

5275: Employment Protection and the Market for Innovations

Andreas Bastgen and Christian Holzner

5274: Tipping versus Cooperating to Supply a Public Good

Scott Barrett and Astrid Dannenberg

5273: Productivity, Price- and Wage-Markups: An Empirical Analysis of the Dutch Manufacturing Industry

Sara Amoroso, Bertrand Melenberg, Joseph Plasmans and Mark Vancauteren

5272: Generosity Across Contexts

Alexander L. Davis, Nadja R. Jehli, John H. Miller and Roberto Weber

5271: The Effects of Systemic Banking Crises in the Inter-War Period

Bruno Rocha and Solomos Solomou

5270: Optimum Commodity Taxation with a Non-Renewable Resource

Julien Daubanes and Pierre Lasserre

5269: Inventory Control and Intermediation in Global Supply Chains

Zhan Qu, Horst Raff and Nicolas Schmitt

5268: Auctions vs. Negotiations: The Effects of Inefficient Renegotiation

Fabian Herweg and Klaus Schmidt

5267: Pocketbook Voting and Social Preferences in Referenda

Johannes Meya, Panu Poutvaara and Robert Schwager

5266: Virtually No Effect? Different Uses of Classroom Computers and their Effect on Student Achievement

Oliver Falck, Constantin Mang and Ludger Woessmann

5265: Optimal Income Taxation when Skills and Behavioral Elasticities are Heterogeneous

Laurence Jacquet and Etienne Lehmann

5264: Why do Europeans Work Less than Americans? Public Consumption and Welfare Benefits as a Cause of the North-Atlantic Divide

Axel Hall and Gylfi Zoega

5263: The Multinational Wage Premium and Wage Dynamics

Gianluca Orefice, Nicholas Sly and Farid Toubal

5262: Do Stringent Environmental Policies Deter FDI? M&A versus Greenfield

Sylwia Bialek, Alfons J. Weichenrieder and Alfons Weichenrieder

5261: Ambiguity Aversion is the Exception

Martin Kocher, Amrei M. Lahno and Stefan Trautmann

5260: Financial Frictions and Foreign Direct Investment: Theory and Evidence from Japanese Microdata

Horst Raff, Michael Ryan and Frank Stähler

5259: Team Production, Gender Diversity, and Male Courtship Behavior

Ferdinand von Siemens

5258: Frustration and Anger in Games

Pierpaolo Battigalli, Martin Dufwenberg and Alec Smith

5257: Around the World with Irving Fisher

Thorvaldur Gylfason, Helgi Tómasson and Gylfi Zoega

5256: The Scope of Auctions in the Presence of Downstream Interactions and Information Externalities

Onur Koska, Ilke Onur and Frank Stähler

5255: A Normative Justification of Compulsory Education

Alessandro Balestrino, Lisa Grazzini and Annalisa Luporini

5254: Apprenticeship, Vocational Training and Early Labor Market Outcomes - in East and West Germany

Regina Riphahn and Michael Zibrowius

5253: Loan Loss Provision: Some Empirical Evidence for Italian Banks

Guglielmo Maria Caporale, Matteo Alessi, Stefano Di Colli and Juan Sergio Lopez

5252: Monetary Policy with Diverse Private Expectations

Mordecai Kurz, Maurizio Motolese, Giulia Piccillo and Howei Wu

5251: The Estimation of Multi-dimensional Fixed Effects Panel Data Models

Laszlo Balazsi, Laszlo Matyas and Tom J. Wansbeek

5250: Do Economic Crises Lead Tourists to Closer Destinations? An Analysis of Italy's Regional Data

Gianluca Cafiso, Roberto Cellini and Tiziana Cuccia

5249: Complementarities of HRM Practices - A Case for Employing Multiple Methods and Integrating Multiple Fields

Florian Englmaier and Katharina Schüßler

5248: Does Early Educational Tracking Increase Migrant-Native Achievement Gaps? Differences-In-Differences Evidence Across Countries

Jens Ruhose and Guido Schwerdt

5247: The Political Economy of European Integration

Enrico Spolaore

5246: The Peculiar Power of Pairs

Markus Sass and Joachim Weimann

5245: Labor Market Equilibrium with Public Employment Agency

Christian Holzner and Makoto Watanabe

5244: Fiscal Transfers in a Monetary Union with Exit Option

Carsten Hefeker and Michael Neugart

5243: Voodoo versus Fishing Committees: The Role of Traditional and Contemporary Institutions in Fisheries Management

Elena Briones Alonso, Romain Houssa and Marijke Verpoorten

5242: Beauty Premium and Marriage Premium in Search Equilibrium: Theory and Empirical Test

Roberto Bonilla, Francis Kiraly and John Wildman

5241: Restrictions on Risk Prices in Dynamic Term Structure Models

Michael Bauer

5240: Scars of Recessions in a Rigid Labor Market

Bart Cockx and Corinna Ghirelli

5239: Secrecy Jurisdictions

Guttorm Schjelderup

5238: Teaching and Learning Alternatives to a Comparative Advantage Motivation for Trade

James Self and William Becker

5237: International Reserves Before and After the Global Crisis: Is There No End to Hoarding?

Joshua Aizenman, Yin-Wong Cheung and Hiro Ito

5236: Supply Restrictions, Subprime Lending and Regional US House Prices

Andre Anundsen and Christian Heebøll

5235: The Design of Insurance Coverage for Medical Products under Imperfect Competition

David Bardey, Helmuth Cremer and Jean-Marie Lozachmeur

5234: The UN Goldstone Report and Retraction: An Empirical Investigation

Arye Hillman and Niklas Potrafke

5233: The Clan and the Corporation: Sustaining Cooperation in China and Europe

Avner Greif and Guido Tabellini

5232: Modeling UK Natural Gas Prices when Gas Prices Periodically Decouple from the Oil Price

Frank Asche, Atle Oglend and Petter Osmundsen

5231: The Taxation of Foreign Profits: A Unified View

Michael Devereux, Clemens Fuest and Ben Lockwood

5230: Student Loans and the Allocation of Graduate Jobs

Alessandro Cigno and Annalisa Luporini

5229: Trust, Competition and Innovation: Theory and Evidence from German Car Manufacturers

Giacomo Calzolari, Leonardo Felli, Johannes Koenen, Giancarlo Spagnolo and Konrad O. Stahl

5228: World Price Shocks, Income, and Democratization

Benjamin Zissimos

5227: China's Anti-Dumping Problems and Mitigation through Regional Trade Agreements

Yanlin Sun and John Whalley

5226: The Female Vote and the Rise of AKP in Turkey

Jan Fidrmuc and Cigdem Tunali

5225: When and How the Punishment Must Fit the Crime

George Mailath, Volker Nocke and Lucy White

5224: Migration and Climate Change in Rural Africa

Cristina Cattaneo and Emanuele Massetti

5223: Incentive Effects of Fiscal Rules on the Finance Minister's Behaviour: Evidence from Revenue Projections in Swiss Cantons

Florian Chatagny

5222: Trade with Endogenous Transportation Costs: The Value of LNG Exports

Atle Oglend, Petter Osmundsen and Tore Kleppe

5221: Distinctively Different: A New Approach to Valuing Architectural Amenities

Gabriel Ahlfeldt and Nancy Holman

5220: Estimating Individual Ambiguity Aversion: A Simple Approach

Uri Gneezy, Alex Imas and John List

5219: Superneutrality of Money under Open Market Operations

Stefan Homburg

5218: Intentions Undercover - Hiding Intentions is Considered Unfair

Tim Friehe and Verena Utikal

5217: Trade Flows and Trade Specialisation: The Case of China

Guglielmo Maria Caporale, Anamaria Sova and Robert Sova

5216: Carbon Leakage: A Medium- and Long-Term View

Florian Habermacher

5215: Intergovernmental Grants as Signals and the Alignment Effect: Theory and Evidence

Emanuele Bracco, Benjamin Lockwood, Francesco Porcelli and Michela Redoano

5214: The Cost of Binge Drinking

Marco Francesconi and Jonathan James

5213: Securitization and Asset Prices

Yunus Aksoy and Henrique Basso

5212: When Does Inter-Jurisdictional Competition Engender a "Race to the Bottom"? A Meta-Regression Analysis

Joan Costa-i-Font, Filipe De-Albuquerque and Hristos Doucouliagos