CESifo Working Paper Series

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5125: Public Debt and Total Factor Productivity

Leo Kaas

5124: A Look Upstream: Electricity Market Restructuring, Risk, Procurement Contracts and Efficiency

Corrado Di Maria, Ian Lange and Emiliya Lazarova

5123: The Structural Behavior of China-US Trade Flows

Yin-Wong Cheung, Menzie Chinn and Xingwang Qian

5122: Trade and Tasks: An Exploration over Three Decades in Germany

Sascha Becker, Marc-Andreas Muendler and Sascha O. Becker

5121: The Economics of Bitcoins - Market Characteristics and Price Jumps

Marc Gronwald

5120: The Value of Smarter Teachers: International Evidence on Teacher Cognitive Skills and Student Performance

Eric Hanushek, Marc Piopiunik and Simon Wiederhold

5119: Empirical Evidence on the Effectiveness of Social Public Procurement Policy: The Case of the Swiss Apprenticeship Training System

Mirjam Strupler Leiser and Stefan Wolter

5118: Defaults and Donations: Evidence from a Field Experiment

Steffen Altmann, Armin Falk, Paul Heidhues and Rajshri Jayaraman

5117: Carry Funding and Safe Haven Currencies: A Threshold Regression Approach

Oliver Hossfeld and Ronald MacDonald

5116: When is Voting Optimal?

Ruth Ben-Yashar and Leif Danziger

5115: Inequality, Opting-out and Public Education Funding

Calin Arcalean and Ioana Schiopu

5114: Firm-level Productivity Spillovers in China's Chemical Industry: A Spatial Hausman-Taylor Approach

Badi Baltagi, Peter Egger and Michaela Kesina

5113: Gatekeeping versus Monitoring: Evidence from a Case with Extended Self-Reporting of Sickness Absence

Gaute Torsvik and Kjell Vaage

5112: Democratic Redistribution and Rule of the Majority

Giacomo Corneo and Frank Neher

5111: Former Foreign Affiliates: Cast Out and Outperformed?

Beata Javorcik and Steven Poelhekke

5110: Beyond Non-Satiation: Needs and Requirements

Anna Pettini

5109: Measuring Immigration Policies: Preliminary Evidence from IMPALA

Michel Beine, Brian Burgoon, Mary Crock, Justin Gest, Michael Hiscox, Patrick McGovern, Hillel Rapoport and Eiko Thielemann

5108: What kind of Corporation Tax Regime?

Sijbren Cnossen

5107: Wage Indexation and the Monetary Policy Regime

Selien De Schryder, Gert Peersman and Joris Wauters

5106: Universal Basic Income versus Unemployment Insurance

Alice Fabre, Stephane Pallage and Christian Zimmermann

5105: Climate Policies in a Fossil Fuel Producing Country - Demand Versus Supply Side Policies

Taran Fæhn, Cathrine Hagem, Lars Lindholt, Ståle Mæland and Knut Einar Rosendahl

5104: Financing Long-Term Care: Ex-ante, Ex-post or Both?

Joan Costa-i-Font, Christophe Courbage and Katherine Swartz

5103: Non-Parametric Preprocessing for the Estimation of Equivalence Scales

Christian Dudel, Jan Marvin Garbuszus, Notburga Ott and Martin Werding

5102: Mobilizing VAT Revenues in African Countries

Sijbren Cnossen

5101: Taxation and the Optimal Constraint on Corporate Debt Finance

Peter Birch Sørensen

5100: A Multi-Country Approach to Forecasting Output Growth Using PMIs

Alexander Chudik, Valerie Grossman and Mohammad Pesaran

5099: Happiness of Economists

Lars Feld, Sarah Necker and Bruno Frey

5098: Capital Taxation under Political Constraints

Florian Scheuer and Alexander Wolitzky

5097: Multiple Objectives and Central Bank Tradeoffs under Flexible Inflation Targeting

Carl Walsh

5096: Trade and Unions: Can Exporters Benefit from Collective Bargaining?

Stella Capuano, Andreas Hauptmann and Hans-Joerg Schmerer

5095: Diversification, Dutch Disease, and Economic Growth: Options for Uganda

Thorvaldur Gylfason and Jean-Pascal Nganou

5094: Game Form Misconceptions Do Not Explain the Endowment Effect

Björn Bartling, Florian Engl and Roberto Weber

5093: Market Power of the Input Supplier, Technology Transfer and Consumer Welfare

Jiyun Cao and Arijit Mukherjee

5092: Generous Sustainability

Reyer Gerlagh

5091: Taxation of Shareholder Income and the Cost of Capital in a Small Open Economy

Peter Birch Sørensen

5090: Business Owners and Income-Shifting between Tax Bases: Empirical Evidence from a Finnish Tax Reform

Jarkko Harju and Tuomas Matikka

5089: Observable Strategies, Commitments, and Contracts

Karl Wärneryd

5088: Efficiency Gains by Modifying GMM Estimation in Linear Models under Heteroskedasticity

Jan Kiviet and Qu Feng

5087: Bargaining with a Residual Claimant: An Experimental Study

Matthew Embrey, Kyle Hyndman and Arno Riedl

5086: Economic Returns to Speaking the Right Language(s)? Evidence from Kazakhstan's Shift in State Language and Language of Instruction

Alisher Aldashev and Alexander Danzer

5085: Growth and Mitigation Policies with Uncertain Climate Damage

Lucas Bretschger and Alexandra Vinogradova

5084: Wages Anatomy. Labor Supply of Nurses and a Comparison with Physicians

Leif Andreassen, Maria Di Tommaso and Steinar Strøm

5083: Seasonality in Smoking Behaviour: Re-evaluating the Effects of the 2005 Public Smoking Ban in Italy

Emilia Del Bono, Klaus Grünberger and Daniela Vuri

5082: The Impact of Financial (De-)Regulation on Current Account Balances

Enrique Moral-Benito and Oliver Roehn

5081: Anthropometric Dividends of Czechoslovakia's Break Up

Joan Costa-i-Font and Lucia Kossarova

5080: Adverse Selection vs Discrimination Risk with Genetic Testing. An Experimental Approach

David Bardey, Philippe De Donder and César Mantilla

5079: The Economics of Advance Pricing Agreements

Johannes Becker, Ronald Davies and Gitte Jakobs

5078: Does Instrumental Reciprocity Crowd out Prosocial Behavior?

Åshild Johnsen and Ola Kvaløy

5077: Regional Policy Evaluation: Interactive Fixed Effects and Synthetic Control

Laurent Gobillon and Thierry Magnac

5076: Vertical Fiscal Externalities and the Environment

Christoph Böhringer, Nicholas Rivers and Hidemichi Yonezawa

5075: Capital Taxation and Imperfect Competition: ACE vs. CBIT

Kurt Brekke, Armando J. Garcia-Pires, Dirk Schindler and Guttorm Schjelderup

5074: On the Effects of Mergers on Equilibrium Outcomes in a Common Property Renewable Asset Oligopoly

Hassan Benchekroun and Gérard Gaudet

5073: The Long-Run Evolution of Infrastructure Services

Hugh Goldsmith

5072: Tradable Refugee-Admission Quotas and EU Asylum Policy

Jesús Fernández-Huertas Moraga and Hillel Rapoport

5071: Optimal Taxation with Rent-Seeking

Casey Rothschild and Florian Scheuer

5070: Magazine Subscription and Intertemporal Discounting: Some Further Evidence

Marcelo Resende and Eduardo Ferioli

5069: Pay What You Want as a Marketing Strategy in Monopolistic and Competitive Markets

Klaus Schmidt, Martin Spann and Robert Zeithammer

5068: More Schooling, More Children? Compulsory Schooling and Fertility in Europe

Margherita Fort, Nicole Schneeweis and Rudolf Winter-Ebmer

5067: Lattices and Lotteries in Apportioning Risk

Harris Schlesinger

5066: Short-Term Price Overreactions: Identification, Testing, Exploitation

Guglielmo Maria Caporale, Luis Gil-Alana and Alex Plastun

5065: Does Legalization of Sunday Alcohol Sales Increase Crime?

Jungtaek Lee and Barış Yörük

5064: Macroeconomic Policy Making, Exchange Rate Adjustment and Current Account Imbalances in Emerging Markets

Pablo Duarte and Gunther Schnabl

5063: Welfare Effects of Short-Time Compensation

Helge Braun and Björn Brügemann

5062: A Simple Four Quadrants Model to Monitor the Performance of Local Governments

Danilo Ballanti, Roberto Dispotico, Francesco Porcelli and Francesco Vidoli

5061: Vertical Integration and Valuation of International Oil Companies

Bård Misund, Petter Osmundsen and Marius Sikveland

5060: Dispatching after Producing: The Supply of Non-Renewable Resources

Julien Daubanes and Pierre Lasserre

5059: Uncertainty and the Employment Dynamics of Small and Large Businesses

Vivek Ghosal and Yang Ye

5058: Limit Pricing and the (In)Effectiveness of the Carbon Tax

Saraly Andrade de Sa and Julien Daubanes

5057: Student Awareness of Costs and Benefits of Educational Decisions: Effects of an Information Campaign and Media Exposure

Martin McGuigan, Sandra McNally and Gill Wyness

5056: Constitution on Ice

Thorvaldur Gylfason

5055: Statistical Power of Within and Between-Subjects Designs in Economic Experiments

Charles Bellemare, Luc Bissonnette and Sabine Kröger

5054: Differential Taxation and Occupational Choice

Renato Gomes, Jean-Marie Lozachmeur and Alessandro Pavan

5053: On Remittances, Foreign Currency Exposure and Credit Constraints: Evidence from Nepal

Nephil Maskay, Sven Steinkamp and Frank Westermann

5052: Minimum Wages as a Redistributive Device in the Long Run

George Economides and Thomas Moutos

5051: Global Environmental Agreements and International Trade: Asymmetry of Countries Matters

Thomas Eichner and Rüdiger Pethig

5050: Cake-Eating with Private Information

Reyer Gerlagh and Matti Liski

5049: Leaders as Role Models for the Voluntary Provision of Public Goods

Simon Gaechter and Elke Renner

5048: Homeownership and Entrepreneurship: The Role of Mortgage Debt and Commitment

Philippe Bracke, Christian Hilber and Olmo Silva

5047: Adults' Financial Literacy and Households' Financial Assets: The Role of Banks Information Policies

Margherita Fort, Francesco Manaresi and Serena Trucchi

5046: Petroleum Taxation and Investment Behaviour

Petter Osmundsen, Magne Emhjellen, Thore Johnsen, Alexander Kemp and Christian Riis

5045: External Constraints Matter for Privatizations

Ilaria Petrarca and Roberto Ricciuti

5044: Social Planning and Economic Coercion

Beat Hintermann and Thomas F. Rutherford

5043: Vertical Effects of Fiscal Rules - The Swiss Experience

Heiko Burret and Lars Feld

5042: Ethnic Fractionalization, Governance and Loan Defaults in Africa

Svetlana Andrianova, Badi Baltagi, Panicos Demetriades and David Fielding

5041: Battle for Climate and Scarcity Rents: Beyond the Linear-Quadratic Case

Mark Kagan, Frederick (Rick) van der Ploeg and Cees Withagen

5040: Revisiting the Narrative Approach of Estimating Tax Multipliers

Shafik Hebous and Tom Zimmermann

5039: An Explanation of (First Round) Contributions in Public-Good Experiments

Joachim Weimann, Jeannette Brosig-Koch, Timo Heinrich, Heike Hennig-Schmidt, Claudia Keser and Christian Stahr

5038: Urbanization and Growth: Why Did the Splendor of the Italian Cities in the Sixteenth Century not Lead to Transition?

Bruno Chiarini and Elisabetta Marzano

5037: Optimal Compatibility in Systems Markets

Sang-Hyun Kim and Jay Choi

5036: How Robust are Journal Rankings Based on the Impact Factor? Evidence from the Economic Sciences

Christian Seiler and Klaus Wohlrabe

5035: Unconventional Gas and the European Union: Prospects and Challenges for Competitiveness

Herman R.J. Vollebergh and Eric Drissen

5034: The Preoccupation of the United Nations with Israel: Evidence and Theory

Raphael N. Becker, Arye Hillman, Niklas Potrafke and Alexander Schwemmer

5033: Daddy Months

Volker Meier and Helmut Rainer

5032: A Crook is a Crook... But is He Still a Crook Abroad? On the Effect of Immigration on Destination-Country Corruption

Eugen Dimant, Tim Krieger and Margarete Redlin

5031: Globalization, Wage Polarization, and the Unstable Great Ratio

Guido Cozzi and Giammario Impullitti

5030: Estimating Dynamic Equilibrium Models Using Mixed Frequency Macro and Financial Data

Bent Jesper Christensen, Olaf Posch and Michel van der Wel

5029: Foreign Aid and Domestic Absorption

Jonathan Temple and Nicolas Van de Sijpe

5028: Smart Cities are Big Cities - Comparative Advantage in Chinese Cities

Shiwei Hu, Steven Brakman and Charles Marrewijk

5027: Does Public Education Expansion Lead to Trickle-Down Growth?

Sebastian Böhm, Volker Grossmann and Thomas Steger

5026: Friday the 13th: The Empirics of Bad Luck

Jan Fidrmuc and Juan de Dios Tena