CESifo Working Paper Series

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4656: Incentives to Motivate

Ola Kvaløy and Anja Schöttner

4655: An Empirical Study of Pricing Strategies in an Online Market with High-Frequency Price Information

Sara Ellison and Christopher M. Snyder

4654: Charitable Giving and Nonbinding Contribution-Level Suggestions - Evidence from a Field Experiment

Maja Adena, Steffen Huck and Imran Rasul

4653: On the Persistence of Strategic Sophistication

Sotiris Georganas, Paul J. Healy and Roberto Weber

4652: Stakeholder Governance, Competition and Firm Value

Franklin Allen, Elena Carletti and Robert Marquez

4651: Structural Vector Autoregressions: Checking Identifying Long-run Restrictions via Heteroskedasticity

Helmut Lütkepohl and Anton Velinov

4650: No Guarantees, No Trade: How Banks Affect Export Patterns

Friederike Niepmann and Tim Schmidt-Eisenlohr

4649: China's Exchange Rate and Financial Repression: The Conflicted Emergence of the Renminbi as an International Currency

Ronald McKinnon and Gunther Schnabl

4648: Walk the Line: Conflict, State Capacity and the Political Dynamics of Reform

Sanjay Jain, Sumon Majumdar and Sharun Mukand

4647: Credit Market Competition and Liquidity Crises

Elena Carletti and Agnese Leonello

4646: Optimal Redistribution and Monitoring of Labor Effort

Floris Zoutman and Bas Jacobs

4645: Microeconometric Evidence of Financing Frictions and Innovative Activity

Amaresh K. Tiwari, Pierre Mohnen, Franz Palm and Sybrand Schim van der Loeff

4644: Strategic Approaches to CO2 Emissions - The Case of the Cement Industry and of the Chemical Industry

Diane Laure Arjaliès, Cécile Goubet and Jean-Pierre Ponssard

4643: On the Sensitivity of Collective Action to Uncertainty about Climate Tipping Points

Scott Barrett and Astrid Dannenberg

4642: Transparency, Flexibility and Macroeconomic Stabilization

Petra Geraats

4641: Parenthood and Productivity of Highly Skilled Labor: Evidence from the Groves of Academe

Matthias Krapf, Heinrich Ursprung and Christian Zimmermann

4640: Does Short-Time Work Save Jobs? A Business Cycle Analysis

Almut Balleer, Britta Gehrke, Wolfgang Lechthaler and Christian Merkl

4639: The Green Paradox in Open Economies

Ngo Long

4638: Team Production in Competitive Labor Markets with Adverse Selection

Ferdinand von Siemens and Michael Kosfeld

4637: Can you Leave High School Behind?

Sandra Black, Jane Arnold Lincove, Jenna Cullinane and Rachel Veron

4636: A Ranking Method Based on Handicaps

Gabrielle Demange

4635: Technology Agreements with Heterogeneous Countries

Michael Hoel and Aart de Zeeuw

4634: Confidence Bands for Impulse Responses: Bonferroni versus Wald

Helmut Lütkepohl, Anna Staszewska-Bystrova and Peter Winker

4633: Monetary Emissions Trading Mechanisms

Cyril Monnet and Ted Loch Temzelides

4632: Collective Memory and Nostalgia in The Dutch Radio2 Top2000 Chart 1999-2013

Elmer Sterken

4631: Analysing Party Preferences Using Google Trends

Mirko Seithe and Lena Calahorrano

4630: Explaining the Size Differences of Exporter Productivity Premia: Theory and Evidence

Ingo Geishecker, Philipp J.H. Schröder and Allan Sörensen

4629: Can Competition Reduce Quality?

Kurt Brekke, Luigi Siciliani and Odd Rune Straume

4628: Smells Like Fiscal Policy? Assessing the Potential Effectiveness of the ECB's OMT Program

Nikolay Hristov, Oliver Hülsewig, Thomas Siemsen and Timo Wollmershäuser

4627: Capacity Decisions with Demand Fluctuations and Carbon Leakage

Guy Meunier and Jean-Pierre Ponssard

4626: Conservatism Correction for the Market-To-Book Ratio and Tobin's q

Maureen McNichols, Madhav V. Rajan and Stefan Reichelstein

4625: Prices vs. Quantities with Endogenous Cost Structure

Halvor Briseid Storrøsten

4624: Intergenerational Risk-Sharing through Funded Pensions and Public Debt

Damiaan H.J. Chen, Roel Beetsma, Eduard Ponds and Ward Romp

4623: Foreign Direct Investment Modes and Local Backward Linkages

Chrysovalantou Milliou and Apostolis Pavlou

4622: The Individual and Joint Performance of Economic Preferences, Personality, and Self-Control in Predicting Criminal Behavior

Tim Friehe and Hannah Schildberg-Hörisch

4621: Heterogeneous Beliefs and the Demand for D&O Insurance by Listed Companies

Peter Egger, Doina Radulescu, Ray Rees and Doina Maria Radulescu

4620: Political Institutions and Government Spending Behavior in Iran

Sajjad Faraji Dizaji and Mohammad Reza Farzanegan

4619: Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions

Dayanand Manoli and Andrea Weber

4618: Per-Capital Income as a Determinant of International Trade and Environment Policies

James Markusen

4617: Selective Outmigration and the Estimation of Immigrants' Earnings Profiles

Christian Dustmann and Joseph-Simon Görlach

4616: Panel Data Gravity Models of International Trade

Badi Baltagi, Peter Egger and Michael Pfaffermayr

4615: The Relevance or Otherwise of the Central Bank's Balance Sheet

David Miles and Jochen Schanz

4614: Voting Suffrage and the Political Budget Cycle: Evidence from the London Metropolitan Boroughs 1902-1937

Toke Aidt and Graham Mooney

4613: Income Tax Buyouts and Income Tax Evasion

Laszlo Goerke

4612: What Do We Know About Base Erosion and Profit Shifting? A Review of the Empirical Literature

Dhammika Dharmapala

4611: Monetary Policy Transparency

Petra Geraats

4610: A Competitive Model of Worker Replacement and Wage Rigidity

Andy Snell, Jonathan Thomas and Zhewei Wang

4609: Self Control and Intertemporal Choice: Evidence from Glucose and Depletion Interventions

Michael Kuhn, Peter Kuhn and Marie Claire Villeval

4608: Tenancy Rent Control and Credible Commitment in Maintenance

Richard Arnott and Elizaveta Shevyakhova

4607: Creeping Normalcy: Fractionation of Indian Land Ownership

Jake Russ and Thomas Stratmann

4606: Optimal Forest Management when Logging Damages and Costs Differ between Logging Practices

Yonky Indrajaya, Edwin van der Werf, Ekko van Ierland and Frits Mohren

4605: Iceland: How Could This Happen?

Thorvaldur Gylfason

4604: Jump Processes in Natural Gas Markets

Charles Mason and Neil Wilmot

4603: Emissions Trading with Offset Markets and Free Quota Allocations

Knut Einar Rosendahl and Jon Strand

4602: Credit Risk in General Equilibrium

Jürgen Eichberger, Klaus Rheinberger and Martin Summer

4601: TransNIEMO: Economic Impact Analysis Using a Model of Consistent Interregional Economic and Network Equilibria

JoongKoo Cho, Peter Gordon, James E. Moore, Qisheng Pan, JiYoung Park and Harry W. Richardson

4600: Capital-Labor Substitution, Structural Change and the Labor Income Share

Francisco Alvarez-Cuadrado, Ngo Long and Markus Poschke

4599: What is the Relation (if any) Between a Firm's Corporate Governance Arrangements and its Financial Performance?

Roberto E. Wessels, Tom J. Wansbeek and Lammertjan Dam

4598: Carbon Tariffs: An Analysis of the Trade, Welfare and Emission Effects

Mario Larch and Joschka Wanner

4597: Returns to Skills around the World: Evidence from PIAAC

Eric A. Hanushek, Guido Schwerdt, Simon Wiederhold and Ludger Woessmann

4596: The Dynamic Implications of Liberalizing Global Migration

Marco Delogu, Frédéric Docquier and Joël Machado

4595: Children Do Not Behave Like Adults: Gender Gaps in Performance and Risk Taking within a Random Social Context in the High-Stakes Game Shows Jeopardy and Junior Jeopardy

Jenny Säve-Söderbergh and Gabriella Sjögren Lindquist

4594: Do Weak Institutions Prolong Crises? On the Identification, Characteristics, and Duration of Declines during Economic Slumps

Richard Bluhm, Denis de Crombrugghe and Adam Szirmai

4593: Mandatory Participation in Occupational Pension Schemes in the Netherlands and other Countries

Damiaan H.J. Chen and Roel Beetsma

4592: A Two Stage Approach to Spatiotemporal Analysis with Strong and Weak Cross-Sectional Dependence

Natalia Bailey, Sean Holly and Mohammad Pesaran

4591: Compensated Discrete Choice with Particular Reference to Labor Supply

John K. Dagsvik, Steinar Strøm and Marilena Locatelli

4590: Levelized Product Cost: Concept and Decision Relevance

Stefan Reichelstein and Anna Rohlfing-Bastian

4589: International Environmental Agreements with Uncertainty, Learning and Risk Aversion

Michael Finus, Pedro Pintassilgo and Alistair Ulph

4588: Is a Minimum Wage an Appropriate Instrument for Redistribution?

Aart Gerritsen and Bas Jacobs

4587: Heterogenous Switching Costs

Gary Biglaiser, Jacques Crémer and Gergely Dobos

4586: Auctions with Imperfect Commitment when the Reserve May Serve as a Signal

Byoung Jun and Elmar Wolfstetter

4585: The Special Safeguard Mechanism (SSM) and Tariffs: Price Behaviour with Imperfectly Competitive Market Intermediaries

Donald MacLaren

4584: Aging, the Great Moderation and Business-Cycle Volatility in a Life-Cycle Model

Burkhard Heer, Stefan Rohrbacher and Christian Scharrer

4583: Agricultural Exports, Tariffs and Growth

Leonid Azarnert

4582: What Do Labor Market Institutions Do?

Bertil Holmlund

4581: Optimal Taxation in a Habit Formation Economy

Sebastian Koehne and Moritz Kuhn

4580: Continuous Logit Polycentric City Model

Matthias Wrede

4579: Short Run Effects of Bleaker Prospects for Oligopolistic Producers of a Non-Renewable Resource

Kristine Grimsrud, Knut Einar Rosendahl, Halvor Briseid Storrøsten and Marina Tsygankova

4578: Optimal Taxation, Child Care and Models of the Household

Patricia Apps and Ray Rees

4577: The Hodrick-Prescott Filter with a Time-Varying Penalization Parameter. An Application for the Trend Estimation of Global Temperature

Andreas Blöchl and Gebhard Flaig

4576: Patient Mobility, Health Care Quality and Welfare

Kurt Brekke, Rosella Levaggi, Luigi Siciliani and Odd Rune Straume

4575: Buying and Selling Risk - An Experiment Investigating Evaluation Asymmetries

Werner Güth, Matteo Ploner and Ivan Soraperra

4574: Robust Implementation of a Parsimonious Dynamic Factor Model to Nowcast GDP

Pablo Duarte and Bernd Süssmuth

4573: Negotiating to Avoid "Gradual" versus "Dangerous" Climate Change: An Experimental Test of Two Prisoners' Dilemma

Scott Barrett and Astrid Dannenberg

4572: Peer Pressure and Productivity: The Role of Observing and Being Observed

Sotiris Georganas, Mirco Tonin and Michael Vlassopoulos

4571: Compactness vs. Sprawl Revisited: Converging Views

Reid Ewing, Harry W. Richardson, Keith Bartholomew, Arthur C. Nelson and Chang-Hee Christine Bae

4570: Testing Unemployment Theories: A Multivariate Long Memory Approach

Guglielmo Maria Caporale, Luis Gil-Alana and Yuliya Lovcha

4569: Fishing for Excuses and Performance Evaluation

François Larmande and Jean-Pierre Ponssard

4568: Rent Taxes and Royalties in Designing Fiscal Regimes for Non-Renewable Resources

Robin Boadway and Michael Keen

4567: The Impact of R&D Cooperations on Drug Variety Offered on the Market. Evidence from the Pharmaceutical Industry

Tannista Banerjee and Ralph Siebert

4566: The Singular Value Decomposition of a Technology Matrix

Eric Fisher

4565: Conditional Gender Peer Effects?

Jon Vaag Iversen and Hans Bonesrønning

4564: Divided We Reform? Evidence from US Welfare Policies

Andreas Bernecker

4563: The Surprisingly Swift Decline of U.S. Manufacturing Employment

Justin Pierce and Peter K. Schott

4562: Robust Dynamic Optimal Taxation and Environmental Externalities

Xin Li, Borghan Nezami Narajabad and Ted Loch Temzelides

4561: Immigration and the Distribution of Incomes

Francine Blau and Lawrence Kahn

4560: Allowing Firms to Choose Between Formula Apportionment and Separate Accounting Taxation

Thomas Gresik

4559: Income Inequality, Mobility and the Accumulation of Capital

Cecilia Garcia-Penalosa and Stephen J Turnovsky

4558: Export or Merge? Proximity vs. Concentration in Product Space

Marc-Andreas Muendler

4557: Economy Wide Impact of the Trade Integration between Japan and India: A Computable General Equilibrium Analysis

Biswanath Bhattacharyay and Kakali Mukhopadhyay