CESifo Working Paper Series

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4756: Complex Financial Networks and Systemic Risk: A Review

Spiros Bougheas and Alan Kirman

4755: Game of Zones: The Political Economy of Conservation Areas

Gabriel Ahlfeldt, Kristoffer Möller, Sevrin Waights and Nicolai Wendland

4754: Town Twinning and German City Growth

Steven Brakman, Harry Garretsen and Abdella Oumer

4753: The Power of a Bad Example - A Field Experiment in Household Garbage Disposal

Robert Dur and Ben Vollaard

4752: Intraday Anomalies and Market Efficiency: A Trading Robot Analysis

Guglielmo Maria Caporale, Luis Gil-Alana, Alex Plastun and Inna Makarenko

4751: Can Risk-taking Preferences be Modified? Some Experimental Evidence

Alison Booth and Patrick Nolen

4750: When Ignorance is Bliss - Information Asymmetries Enhance Prosocial Behavior in Dictator Games

Evguenia Winschel and Philipp Zahn

4749: Culture, Spatial Diffusion of Ideas and their Long-Lasting Imprints - Evidence from Froebel's Kindergarten Movement

Stefan Bauernschuster and Oliver Falck

4748: International Migration of Skilled Workers with Endogenous Policies

Slobodan Djajic and Michael Michael

4747: Crime and Self-Control Revisited: Disentangling the Effect of Self-Control on Risk and Social Preferences

Tim Friehe and Hannah Schildberg-Hörisch

4746: Effective VAT Rates and Administrative Discretion in China

Weixian Cai and John Whalley

4745: Of Morals, Markets and Mice: A Comment on Falk and Szech

Friedrich Breyer and Joachim Weimann

4744: Tax Smoothing in a Business Cycle Model with Capital-Skill Complementarity

Konstantinos Angelopoulos, Stylianos Asimakopoulos and Jim Malley

4743: Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries

Nahla Samargandi, Jan Fidrmuc and Sugata Ghosh

4742: Robust Policies against Emission Leakage: The Case for Upstream Subsidies

Carolyn Fischer, Mads Greaker and Knut Einar Rosendahl

4741: Peer Effects and Social Preferences in Voluntary Cooperation

Christian Thöni and Simon Gaechter

4740: Flipping a Coin: Theory and Evidence

Nadja Dwenger, Dorothea Kübler and Georg Weizsäcker

4739: Ex Post Information Rents in Sequential Screening

Daniel Krähmer and Roland Strausz

4738: Returns to Citizenship? Evidence from Germany's Recent Immigration Reforms

Christina Gathmann and Nicolas Keller

4737: Political Competition and the Limits of Political Compromise

Alexandre Cunha and Emanuel Ornelas

4736: Uncertainty and Economic Activity: A Global Perspective

Ambrogio Cesa-Bianchi, Mohammad Pesaran and Alessandro Rebucci

4735: Tariffs Passing Through Retailers: Do Tariffs Actually Protect Domestic Manufacturers?

Matthew Cole and Carsten Eckel

4734: Shipment Frequency of Exporters and Demand Uncertainty

Gábor Békés, Lionel Fontagné, Balazs Murakozy and Vincent Vicard

4733: The Return to College: Selection Bias and Dropout Risk

Lutz Hendricks and Oksana Leukhina

4732: Out of Work and Into School: Labor Market Policies and College Enrollment During the Great Recession

Andrew Barr and Sarah Turner

4731: ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds

Christoph Trebesch and Jeromin Zettelmeyer

4730: The Long Arm of the European VAT, Exemplified by the Dutch Experience

Leon Bettendorf and Sijbren Cnossen

4729: Human Pro-Social Motivation and the Maintenance of Social Order

Simon Gaechter

4728: Probability Adjusted Rank-Discounted Utilitarianism

Geir Asheim and Stéphane Zuber

4727: Resource Rents, Power, and Political Stability

Kjetil Bjorvatn and Mohammad Reza Farzanegan

4726: Fiscal Autonomy and Fiscal Sustainability: Subnational Taxation and Public Indebtedness in Contemporary Spain

Benjamin Larin and Bernd Süssmuth

4725: On the Finite Sample Properties of Pre-Test Estimators of Spatial Models

Gianfranco Piras and Ingmar Prucha

4724: The Crisis and Regional Resilience in Europe: On the Importance of Urbanization and Specialization

Steven Brakman, Harry Garretsen, Charles van Marrewijk and Charles van Marrewijk

4723: Monetary Policies of Large Industrialised Countries, Emerging Market Credit Cycles and Feedback Effects

Andreas Hoffmann and Gunther Schnabl

4722: Using Bankruptcy to Reduce Foreclosures: Does Strip-down of Mortgages Affect the Supply of Mortgage Credit?

Wenli Li, Ishani Tewari and Michelle White

4721: Deserving Poor and the Desirability of Minimum Wage Rules

Tomer Blumkin and Leif Danziger

4720: Carbon Tariffs Revisited

Christoph Böhringer, André Müller and Jan Schneider

4719: Growing Groups, Cooperation, and the Rate of Entry

Eva Ranehill, Frédéric Schneider and Roberto Weber

4718: Trust, Racial Fragmentation and Income Inequality: New Evidence from the U.S

Andrea Tesei

4717: Trade Liberalization and Environmental Taxation in Federal Systems

Per Fredriksson and Xenia Matschke

4716: Fiscal Transfers and Fiscal Sustainability

Niklas Potrafke and Markus Reischmann

4715: Risk-Sharing and Contagion in Networks

Antonio Cabrales, Piero Gottardi and Fernando Vega-Redondo

4714: Public Investment when Capital is Back - Distributional Effects of Heterogeneous Saving Behavior

Linus Mattauch, Ottmar Edenhofer, David Klenert and Sophie Bénard

4713: Robust Mechanism Design and Social Preferences

Felix Bierbrauer, Axel Ockenfels, Andreas Pollak and Désirée Rückert

4712: Innovation Contests

David Perez-Castrillo and David Wettstein

4711: Point and Density Forecasts for the Euro Area Using Bayesian VARs

Tim Berg and Steffen Henzel

4710: Anti Profit-Shifting Rules and Foreign Direct Investment

Thiess Büttner, Michael Overesch and Georg Wamser

4709: Pricing Internet Traffic: Exclusion, Signalling and Screening

Bruno Jullien and Wilfried Sand-Zantman

4708: The Evidence on Globalization

Niklas Potrafke

4707: Security Gradient and National Defense - The Optimal Choice between a Draft Army and a Professional Army

Vesa Kanniainen and Staffan Ringbom

4706: Government Guarantees and Bank Risk Taking Incentives

Markus Fischer, Christa Hainz, Jörg Rocholl and Sascha Steffen

4705: The Learning Process and Technological Change in Wind Power: Evidence from China's CDM Wind Projects

Tian Tang and David Popp

4704: Taxing Banks: An Evaluation of the German Bank Levy

Claudia Buch, Björn Hilberg and Lena Tonzer

4703: Robustness of a Simple Rule for the Social Cost of Carbon

Armon Rezai and Frederick (Rick) van der Ploeg

4702: Forward Guidance in a Simple Model with a Zero Lower Bound

Gerhard Illing and Thomas Siemsen

4701: Shocks to Bank Lending, Risk-Taking, Securitization, and their Role for U.S. Business Cycle Fluctuations

Gert Peersman and Wolf Wagner

4700: Bayesian Repeated Games and Reputations

Francoise Forges and Antoine Salomon

4699: Learning to Export from Neighbors

Ana Fernandes and Heiwai Tang

4698: Black Sheep or Scapegoats? Implementable Monitoring Policies under Unobservable Levels of Misbehavior

Berno Buechel and Gerd Muehlheusser

4697: Fixed Export Costs and Export Behavior

Luis Castro, Ben Li, Keith Maskus and Yiqing Xie

4696: Youth Unemployment in Europe: Persistence and Macroeconomic Determinants

Guglielmo Maria Caporale and Luis Gil-Alana

4695: Thin Capitalization Rules and Multinational Firm Capital Structure

Jennifer Blouin, Harry Huizinga, Luc Laeven, Gaëtan J.A. Nicodème and Gaëtan J.A. Nicodeme

4694: Transfer Pricing: Roles and Regimes

Søren Nielsen

4693: Fiscal Rules and Government Size in the European Union

Jochen Mierau and Eduard Suari-Andreu

4692: Complexity, Efficiency, and Fairness of Multi-Product Monopoly Pricing

Eugenio Miravete, Katja Seim and Jeff Thurk

4691: Foreign Bidders Going Once, Going Twice... Protection in Government Procurement Auctions

Matthew Cole and Ronald Davies

4690: Taxation and Parental Time Allocation under Different Assumptions on Altruism

Alessandra Casarico and Alessandro Sommacal

4689: Using Military Build-Ups to Capture Fiscal Shocks: A Reassessment

Weonho Yang, Jan Fidrmuc and Sugata Ghosh

4688: Soft Paternalism, Merit Goods, and Normative Individualism

Gebhard Kirchgässner

4687: Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion

Fabian Herweg, Heiko Karle and Daniel Müller

4686: Wood-Based Bioenergy

Michael Hoel and Thea Marcelia Sletten

4685: On the Optimal Composition of Committees

Ruth Ben-Yashar and Leif Danziger

4684: Education Promoted Secularization

Sascha Becker, Markus Nagler, Ludger Woessmann and Sascha O. Becker

4683: Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study

Cristiano Andrea Ristuccia and Solomos Solomou

4682: From One to Many Central Plans: Drug Advertising Inspections and Intra-National Protectionism in China

Markus Eberhardt, Zheng Wang and Zhihong Yu

4681: Rotten Spouses, Family Transfers and Public Goods

Helmuth Cremer and Kerstin Roeder

4680: The Impacts of Feed-in Tariffs on Innovation: Empirical Evidence from Germany

Christoph Böhringer, Alexander Cuntz, Dietmar Harhoff and Emmanuel Asane Otoo

4679: Productivity Response to a Contract Change

Rajshri Jayaraman, Debraj Ray and Francis de Véricourt

4678: The Lindahl Equilibrium in Schumpeterian Growth Models: Knowledge Diffusion, Social Value of Innovations and Optimal R&D Incentives

Elie Gray and André Grimaud

4677: International Student Migration: A Partial Identification Analysis

Romuald Méango

4676: The Roommate Problem - Is More Stable Than You Think

Pierre Chiappori, Alfred Galichon and Bernard Salanié

4675: Awareness Reduces Racial Bias

Devin Pope, Joseph Price and Justin Wolfers

4674: Bracelets of Pride and Guilt? An Experimental Test of Self-Signaling in Charitable Giving

Joël J. van der Weele and Ferdinand von Siemens

4673: Feeling the Heat: Temperature, Physiology & the Wealth of Nations

Geoffrey Heal and Jisung Park

4672: Do Land Use Policies Follow Road Construction

Miquel-Àngel Garcia-López, Albert Solé-Ollé and Elisabet Viladecans-Marsal

4671: Carbon Prices for the Next Hundred Years

Reyer Gerlagh and Matti Liski

4670: Foreign Languages and Trade

Jan Fidrmuc and Jarko Fidrmuc

4669: International Capital Markets Structure, Preferences and Puzzles: The US-China Case

Guglielmo Maria Caporale, Michael Donadelli and Alessia Varani

4668: Exporting and Labor Demand: Micro-level Evidence from Germany

Andreas Lichter, Andreas Peichl and Sebastian Siegloch

4667: Malthus and the Industrial Revolution: Evidence from a Time-Varying VAR

Alexander Rathke and Samad Sarferaz

4666: Firm Dynamics and Residual Inequality in Open Economies

Gabriel Felbermayr, Giammario Impullitti, Julien Prat and Gabriel J. Felbermayr

4665: Climate Change, Rice Crops and Violence. Evidence from Indonesia

Raul Caruso, Ilaria Petrarca and Roberto Ricciuti

4664: Hospital Treatment Rates and Spillover Effects: Does Ownership Matter?

Badi Baltagi and Yin-Fang Yen

4663: Measuring Individual Risk Attitudes in the Lab: Task or Ask? An Empirical Comparison

Jan-Erik Lönnqvist, Markku Verkasalo, Gari Walkowitz and Philipp Wichardt

4662: Markov Perfect Equilibria in Differential Games with Regime Switching Strategies

Ngo Long, Fabien Prieur, Klarizze Puzon and Mabel Tidball

4661: Does Female Empowerment Promote Economic Development

Matthias Doepke and Michele Tertilt

4660: Financial Development and Sustainable Exports: Evidence from Firm-Product Data

Melise Jaud, Madina Kukenova and Martin Strieborny

4659: Exchange-Rate Adjustment and Macroeconomic Interdependence between Stagnant and Fully Employed Countries

Yoshiyasu Ono

4658: Labor Market Effects of Sports and Exercise: Evidence from Canadian Panel Data

Michael Lechner and Nazmi Sari

4657: Us and Them: Distributional Preferences in Small and Large Groups

Heiner Schumacher, Iris Kesternich, Michael Kosfeld and Joachim Winter