CESifo Working Paper Series

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11384: Energy Price Dynamics in the Face of Uncertainty Shocks and the Role of Exchange Rate Regimes: A Global Cross-Country Analysis

Antonio Afonso, José Alves, João Jalles, Sofia Monteiro and João Tovar Jalles

11383: Ports vs. Roads: Infrastructure, Market Access and Regional Outcomes

Barthélémy Bonadio

11382: A Few Bad Apples? Criminal Charges, Political Careers, and Policy Outcomes

Diogo G. C. Britto, Gianmarco Daniele, Marco Le Moglie, Paolo Pinotti and Breno Sampaio

11381: Dishonesty Is Linked with the Spread of Infectious Diseases

Christina A. Martini, Björn Bos, Moritz Drupp, Jasper N. Meya and Martin Quaas

11380: The Measurement of Spatial Competition: Evidence from the Real Estate Market

Ralph Siebert and Xiaoyan Zhou

11379: Incentives to Vaccinate

Pol Campos-Mercade, Armando N. Meier, Stephan Meier, Devin Pope, Florian H. Schneider and Erik Wengström

11378: Means-Tested Solar Subsidies

Mark Colas and Emmett Reynier

11377: The Value of Electricity Reliability: Evidence from Battery Adoption

David Brown and Lucija Muehlenbachs

11376: Rebating Revenues from Unilateral Emissions Pricing

Christoph Böhringer, Carolyn Fischer and Nicholas Rivers

11375: Socializing Alone: How Online Homophily Has Underminded Social Cohesion in the US

Ruben Enikolopov, Maria Petrova, Gianluca Russo and David Yanagizawa-Drott

11374: Gender Gaps in the Urban Wage Premium

Kenza Elass, Cecilia García-Peñalosa, Christian Schluter and Cecilia Garcia-Peñalosa

11373: Cross-Border Shopping: Evidence and Welfare Implications for Switzerland

Ariel Burstein, Sarah Lein, Jonathan Vogel, Sarah Marit Lein and Jonathan E. Vogel

11372: Strike While the Iron Is Hot: Optimal Monetary Policy with a Nonlinear Phillips Curve

Peter Karadi, Anton Nakov, Galo Nuño Barrau, Ernesto Pasten and Dominik Thaler

11371: The Incentive Compatibility Condition, Firm Culture, and Social Norms under Moral Hazard: Theory and Evidence

Sanjit Dhami and Mengxing Wei

11370: The Market Power of Brazilian Private Higher Education Institutions: An Efficiency-Frontier Approac

Ana Maria de Paula Morais, Silvinha Vasconcelos and Marcelo Resende

11369: Do Capital Incentives Distort Technology Diffusion? Evidence on Cloud, Big Data and AI

Timothy DeStefano, Nick Johnstone, Richard Kneller and Jonathan Timmis

11368: Business Uncertainty in Developing and Emerging Economies

Edgar Avalos, Jose Maria Barrero, Elwyn Davies, Leonardo Iacovone and Jesica Torres

11367: How Do Firms Cope with Economic Shocks in Real Time?

Thiemo Fetzer, Christina Palmou and Jakob Schneebacher

11366: Factors Driving Adoption of Humanoid Service Robots in Banks

Lars Hornuf and Maximilian Meiler

11365: The Evolution of Child-Related Gender Inequality in Germany and the Role of Family Policies, 1960-2018

Ulrich Glogowsky, Emanuel Hansen, Dominik Sachs and Holger Lüthen

11364: Communication Costs, Direct Flights and International Trade

Taiji Furusawa, Chang Sun, Heiwai Tang and Jiaxu Zhang

11363: Learning About Outgroups: The Impact of Broad Versus Deep Interactions

Anujit Chakraborty, Arkadev Ghosh, Matt Lowe, Gareth Nellis and Matthew Lowe

11362: Multimodal Transport Networks

Simon Fuchs and Woan Foong Wong

11361: Dynamically Optimized Sequential Experimentation (DOSE) for Estimating Economic Preference Parameters

Jonathan Chapman, Erik Snowberg, Stephanie W. Wang and Colin Camerer

11360: Watts and Bots: The Energy Implications of AI Adoption

Anthony R. Harding and Juan Moreno-Cruz

11359: (Not) Thinking about the Future: Inattention and Maternal Labor Supply

Ana Costa-Ramón, Ursina Schaede, Michaela Slotwinski and Anne Ardila Brenoe

11358: Internal Versus Institutional Barriers to Gender Equality: Evidence from British Politics

Noor Kumar, Uyseok Lee, Matt Lowe, Olaitan Ogunnote and Matthew Lowe

11357: Cultural Remittances and Modern Fertility

Mickael Melki, Hillel Rapoport, Enrico Spolaore and Romain Wacziarg

11356: Media Consolidation

Gregory J. Martin, Nicola Mastrorocco, Joshua McCrain and Arianna Ornaghi

11355: The Efficiency of Dynamic Electricity Prices

Andrew J. Hinchberger, Mark R. Jacobsen, Christopher R. Knittel, James M. Sallee and Arthur A. van Benthem

11354: The Determinants of Individual Attitudes towards Immigrants in South Korea

Moamen Gouda and Jingyeong Song

11353: A Hands-On Machine Learning Primer for Social Scientists: Math, Algorithms and Code

Nikos Askitas and Nikolaos Askitas

11352: Creating Cohesive Communities: A Youth Camp Experiment in India

Arkadev Ghosh, Prerna Kundu, Matt Lowe, Gareth Nellis and Matthew Lowe

11351: Functionality of Fiscal Rules in a Low Interest Rate Environment – New Empirical Results for Swiss Cantons

Philipp Weber, Laura A. Zell, Lars Feld and Christoph Schaltegger

11350: Tax System Design, Tax Reform, and Labor Supply

Katharina Pfeil, Matthias Kasper, Sarah Necker and Lars Feld

11349: Brokering Votes with Information Spread Via Social Networks

Raúl Duarte, Frederico Finan, Horacio Larreguy and Laura Schechter

11348: The Economics of Nation-Building: Methodological Toolkit and Policy Lessons

Dominic Rohner and Ekaterina Zhuravskaya

11347: Racial Restrictions on Voting: Evidence from a New Pan-Anglophone Dataset, 1730-2000

Dhammika Dharmapala

11346: Climate Change through the Lens of Macroeconomic Modeling

Jésus Fernández-Villaverde, Kenneth T. Gillingham, Simon Scheidegger, Jesús Fernández-Villaverde and Kenneth Gillingham

11345: Behavioral Attenuation

Benjamin Enke, Thomas Graeber, Ryan Oprea, Jeffrey Yang and Thomas W. Graeber

11344: Why Do Prices Differ Across Stores? Differential Competition Environments and Their Price Impacts

Gordon Jochem Klein, Ralph Bernd Siebert and Ralph Siebert

11343: Secondary School Access Raises Primary School Achievement

Wayne Aaron Sandholtz and Wayne Sandholtz

11342: Competitive Peers: The Way to Higher Paying Jobs?

Claudio Schilter, Samuel Lüthi and Stefan Wolter

11341: Expectations and Speculation in the Natural Gas Markets

Christina Anderl and Guglielmo Maria Caporale

11340: Testing the Waters: How Firms Enter New Markets

Carsten Eckel, Ina Charlotte Jäkel, Luca Macedoni, Raymond Riezman and Raymond G. Riezman

11339: The Increasing Cost of Buying American

Matilde Bombardini and Andres Gonzalez-Lira

11338: Do Professional Forecasters Follow Uncovered Interest Rate Parity?

Constantin Bürgi and Mengdi Song

11337: Geopolitical Risk and Cross-Border Portfolio Flows: Effects and Channels

Guglielmo Maria Caporale and Faek Menla-Ali

11336: Matching for Risk-Taking: Overconfident Bankers and Government-Protected Banks

Andreas Haufler and Bernhard Kassner

11335: Behavioral Responses to Wealth Taxation: Evidence from a Norwegian Reform

Roberto Iacono and Bård Smedsvik

11334: Tax Competition with Intermunicipal Cooperation

David Agrawal, Marie-Laure Breuillé and Julie Le Gallo

11333: Measuring Tax Burden Efficiency in OECD Countries: An International Comparison

Antonio Afonso, Ana Patricia Montes and José M. Domínguez

11332: A Theory of Digital Ecosystems

Paul Heidhues, Mats Köster, Botond Kőszegi and Botond Köszegi

11331: Should We Stay or Should We Go? Firms’ Decision on Services Mode of Supply

Holger Breinlich and Martina Magli

11330: Gender Role Models in Education

Sofoklis Goulas, Bhagya N. Gunawardena, Rigissa Megalokonomou and Yves Zenou

11329: Inflation and Wage Expectations of Firms and Employees

Lukas Buchheim, Sebastian Link and Sascha Möhrle

11328: The Causal Impact of the Electoral System on Corruption

Abel François, Nicolas Lagios and Pierre-Guillaume Méon

11327: The Economics of Recycling Heterogeneity

Don Fullerton and Thomas Kinnaman

11326: Inflation Expectations and Economic Preferences

Lena Dräger, Maximilian Floto and Marina Schröder

11325: Local Decline and Populism

Thiemo Fetzer, Jacob Edenhofer and Prashant Garg

11324: Insurers Monitor Shocks to Collateral: Micro Evidence from Mortgage-Backed Securities

Thiemo Fetzer, Benjamin Guin, Felipe Netto and Farzad Saidi

11323: Money Talks to Autocrats, Bullets Whistle to Democrats: Political Influence under Different Regimes

Thea How Choon, Giovanna Marcolongo and Paolo Pinotti

11322: Unpacking Global Shocks

Alejandro G. Graziano, Yuan Tian and Alejandro Graziano

11321: Who Benefits from AI? Project-Level Evidence on Labor Demand, Operations and Profitability

Erdem Dogukan Yilmaz and Christian Peukert

11320: Busing to Opportunity? The Impacts of the METCO Voluntary School Desegregation Program on Urban Students of Color

Elizabeth Setren

11319: Wage Setting in Times of High and Low Inflation

Maximilian Gödl and Isabel Gödl-Hanisch

11318: Health, Income, and Measures of Inequality – Why Inequality May Decline When All Inequality Measures Indicate the Opposite

Kjell Arne Brekke and Snorre Kverndokk

11317: Asymmetric Labor Supply Responses to Taxation

Anna Esslinger, Katharina Pfeil and Lars Feld

11316: The Wade Test: Generative AI and CEO Communication

Prithwiraj Choudhury, Bart S. Vanneste and Amirhossein Zohrehvand

11315: The Persistence of Gender Pay and Employment Gaps in European Countries

Antonio Afonso and M. Carmen Blanco-Arana

11314: Okun in the Euro: New Evidence from Structural Okun Law’s Estimates for the Euro Area, 1979-2019

Nauro F. Campos, Corrado Macchiarelli and Fotios Mitropoulos

11313: Patent Exhaustion and Licensing in the Supply Chain

Jay Pil Choi and Heiko Gerlach

11312: The Signaling Effects of Fiscal Announcements

Leonardo Melosi, Hiroshi Morita, Anna Rogantini Picco and Francesco Zanetti

11311: The Cost of Gender Identity Norms: Evidence from a Spouse Tax Credit

Tommaso Giommoni and Enrico Rubolino

11310: Equity and Efficiency When Needs Differ

Kristoffer Berg, Morten Håvarstein, Paolo Piacquadio and Paolo Giovanni Piacquadio

11309: Competitive Search with Private Information: Can Price Signal Quality?

James Albrecht, Xiaoming Cai, Pieter Gautier, Susan Vroman and Pieter A. Gautier

11308: Digital Infrastructure and Local Economic Development: Early Internet in Sub-Saharan Africa

Moritz Goldbeck and Valentin Lindlacher

11307: The Democracy Dividend: ˗How Early Exposure to Democracy Shapes Health Outcomes˗

Federico Maggio, Dominic Rohner and Alessandro Saia

11306: Does Earmarking Lead to More per Capita Public Health Spending?

Mukesh Khanal, Jack Mintz and Janice MacKinnon

11305: Movements in Yields, Not the Equity Premium: Bernanke-Kuttner Redux

Stefan Nagel and Zhengyang Xu

11304: From Partisanship to Preference: How Identity Shapes Dependence Aversion

Jana Freundt and Holger Herz

11303: Energy Efficiency Dynamics and Climate Policy

Gregory Casey, Yang Gao and Gregory P. Casey

11302: Firm Heterogeneity and Imperfect Competition in Global Production Networks

Hanwei Huang, Kalina Manova, Oscar Perelló, Frank Pisch and Kalina B. Manova

11301: Fintech Startups in Germany: Firm Failure, Funding Success, and Innovation Capacity

Lars Hornuf and Matthias Mattusch

11300: Work Meaning and the Flexibility Puzzle

Thimo De Schouwer and Iris Kesternich

11299: Innovation Networks in the Industrial Revolution

Lukas Rosenberger, W Hanlon and Carl Hallmann

11298: A Matter of Taste: The Negative Welfare Effect of Expert Judgments

Nicolas Lagios and Pierre-Guillaume Méon

11297: Generalized Rotemberg Price-Setting

Michael Reiter and Adrian Wende

11296: Capturing the Complexity of Human Strategic Decision-Making with Machine Learning

Jian-Qiao Zhu, Joshua C. Peterson, Benjamin Enke and Thomas L. Griffiths

11295: Peer Effects and the Gender Gap in Corporate Leadership: Evidence from MBA Students

Menaka Hampole, Francesca Truffa and Ashley Wong

11294: Undergraduate Gender Diversity and the Direction of Scientific Research

Francesca Truffa and Ashley Wong

11293: Skimming the Achieved? ⸻ Quantifying the Fiscal Incentives of the German Fiscal Equalization Scheme and Its Reforms since 1970

Yannick Bury, Lars Feld and Heiko T. Burret

11292: Spooky Boundaries at a Distance: Inductive Bias, Dynamic Models, and Behavioral Macro

Mahdi Ebrahimi Kahou, Jesus Fernandez-Villaverde, Sebastian Gomez-Cardona, Jesse Perla and Jan Rosa

11291: The Effectiveness of Carbon Pricing: A Global Evaluation

Suphi Sen, Serhan Sadikoglu, Changjing Ji and Edwin van der Werf

11290: Comparative Advantage in the 24/7 Economy: Time-Zone Differences and Service Trade Flows

Arundhati Sinha Roy, Anwesha Aditya, Siddhartha Chattopadhyay and Sugata Marjit

11289: What Is Fair? Experimental Evidence on Fair Equality vs Fair Inequality

Nadja Dwenger, Ingrid Hoem Sjursen and Jasmin Vietz

11288: Fairness Preferences, Inequality Acceptance and Default Effects

Justin Valasek, Pauline Vorjohann, Weijia Wang and Justin Mattias Valasek

11287: International Spillovers of Quality Regulations

Luca Macedoni and Ariel Weinberger

11286: Understanding Spatial House Price Dynamics in a Housing Boom

Leo Kaas, Georgi Kocharkov and Nicolas Syrichas

11285: The Price of Capital Goods, Investment, and Labor: Micro-Evidence from a Trade Liberalization

Sergii Meleshchuk and Yannick Timmer