CESifo Working Paper Series

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5019: Macroeconomic Potentials of Transatlantic Free Trade: A High Resolution Perspective for Europe and the World

Gabriel Felbermayr, Benedikt Heid, Mario Larch, Erdal Yalcin and Gabriel J. Felbermayr

5018: On the Estimation of the Volatility-Growth Link

Andrey Launov, Olaf Posch and Klaus Wälde

5017: Effective Corporate Taxation, Tax Incidence and Tax Reforms: Evidence from OECD Countries

Salvador Barrios, Gaëtan J.A. Nicodème, Antonio Jesus Sanchez Fuentes and Gaëtan J.A. Nicodeme

5016: The Political Economy of Sales Taxes and Sales Tax Exemptions

Andreea Militaru and Thomas Stratmann

5015: How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits

Ian Parry, Chandara Veung and Dirk Heine

5014: Psychologically-Based Voting with Uncertainty

Arianna Degan and Ming Li

5013: Life in Shackles? The Quantitative Implications of Reforming the Educational Loan System

Ben Heijdra, Fabian Kindermann and Laurie S. M. Reijnders

5012: FRAND Royalties and Injunctions for Standard Essential Patents

Jay Choi

5011: Estimating Fluctuations in Oil and Gas Investment

Roy Dahl and Petter Osmundsen

5010: Economic Growth and Judicial Independence, a Dozen Years On: Cross-Country Evidence Using an Updated Set of Indicators

Stefan Voigt, Jerg Gutmann and Lars Feld

5009: Intergenerational Transmission of Unemployment - Evidence for German Sons

Miriam Mäder, Steffen Müller, Regina Riphahn and Caroline Schwientek

5008: Macro News and Bond Yield Spreads in the Euro Area

Guglielmo Maria Caporale, Fabio Spagnolo and Nicola Spagnolo

5007: Union Bargaining Power and Product Innovation: Relevance of the Preference Function

Debasmita Basak, Andreas Hoefele and Arijit Mukherjee

5006: No Price Like Home: Global House Prices, 1870-2012

Katharina Knoll, Moritz Schularick and Thomas Steger

5005: Asset Allocation and Monetary Policy: Evidence from the Eurozone

Harald Hau and Sandy Lai

5004: How Natural is the Natural Rate of Unemployment?

John Komlos

5003: Controlling Product Risks when Consumers are Heterogeneously Overconfident: Producer Liability vs. Minimum Quality Standard Regulation

Andrzej Baniak and Peter Grajzl

5002: Happy Voters

Federica Liberini, Michela Redoano and Eugenio Proto

5001: Dividend Taxation and the Cost of New Share Issues

Tobias Lindhe and Jan Södersten

5000: Trade Adjustment: Worker Level Evidence

David Autor, David Dorn, Gordon Hanson and Jae Song

4999: Socio-Economic Heterogeneity and Electoral Turnout: An Aggregate Analysis with Precinct-Level Data

Giorgio Bellettini, Carlotta Berti Ceroni and Chiara Monfardini

4998: Fetal Growth and Neurobehavioral Outcomes in Childhood

Pinka Chatterji, Dohyung Kim and Kajal Lahiri

4997: Market Integration, Wage Concentration, and the Cost and Volume of Traded Machines

Terence Edwards and Carlo Perroni

4996: Horizontal Merger under Strategic Tax Policy

Chih-Chen Liu, Arijit Mukherjee and Leonard Wang

4995: Is Greece Turning the Corner? A Theory-Based Assessment of Recent Greek Macro-Policy

Michael Arghyrou

4994: Estimating Labour Supply Elasticities Based on Cross-Country Micro Data: A Bridge Between Micro and Macro Estimates?

Markus Jantti, Jukka Pirttilä and Håkan Selin

4993: The Great Mortgaging: Housing Finance, Crises, and Business Cycles

Oscar Jorda, Moritz Schularick and Alan Taylor

4992: The Cost of Migrating to a Culturally Different Location

Oliver Falck, Alfred Lameli and Jens Ruhose

4991: Dimensions of Macroeconomic Uncertainty: A Common Factor Analysis

Steffen Henzel and Malte Rengel

4990: When a Price is Enough: Implementation in Optimal Tax Design

Sander Renes and Floris Zoutman

4989: Not so Myopic Consumers - Evidence on Capitalization of Energy Technologies in a Housing Market

Oskari Harjunen and Matti Liski

4988: Behavioral Political Economy: A Survey

Jan Schnellenbach and Christian Schubert

4987: Error Prone Inference from Response Time: The Case of Intuitive Generosity in Public Good Times

Maria Recalde, Arno Riedl and Lise Vesterlund

4986: The Political Sustainability of a Basic Income Scheme and Social Health Insurance

Mathias Kifmann and Kerstin Roeder

4985: Fiscal Federalism, Decentralization and Economic Growth: Survey and Meta-Analysis

Thushyanthan Baskaran, Lars Feld and Jan Schnellenbach

4984: Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks

Matthias Efing, Harald Hau, Patrick Kampkötter and Johannes Steinbrecher

4983: Estimation of Time-invariant Effects in Static Panel Data Models

Mohammad Pesaran and Qiankun Zhou

4982: 'Globesity'? The Effects of Globalization on Obesity and Caloric Intake

Joan Costa-i-Font and Núria Mas

4981: International Capital Markets, Oil Producers and the Green Paradox

Gerard van der Meijden, Frederick (Rick) van der Ploeg and Cees Withagen

4980: Competition in the Cryptocurrency Market

Neil Gandal and Hanna Halaburda

4979: Optimal Risk-Sharing in Mortgage Contracts: The Effects of Potential Prepayment and Default

Jan Brueckner and Kangoh Lee

4978: Land Collateral and Labor Market Dynamics in France

Leo Kaas, Patrick Pintus and Simon Ray

4977: Average-cost Pricing and Dynamic Selection Incentives in the Hospital Sector

Mathias Kifmann and Luigi Siciliani

4976: Sweden's School Choice Reform and Equality of Opportunity

Karin Edmark, Markus Frölich and Verena Wondratschek

4975: Abusive Transfer Pricing and Economic Activity

Søren Nielsen, Dirk Schindler and Guttorm Schjelderup

4974: Asymmetric Neutrality Regulation and Innovation at the Edges: Fixed vs. Mobile Networks

Jay Choi, Doh-Shin Jeon and Byung-Cheol Kim

4973: Rig Services and Taxation

Petter Osmundsen

4972: Infrastructure and Inequality: Insights from Incorporating Key Economic Facts about Household Heterogeneity

David Klenert, Linus Mattauch, Ottmar Edenhofer and Kai Lessmann

4971: Carbon Emissions Scenarios in Europe Based on an Endogenous Growth Model

Anna Ciesielski and Richard Tol

4970: Gender Differences in Honesty: Groups Versus Individuals

Gerd Muehlheusser, Andreas Roider and Niklas Wallmeier

4969: Inefficient School Choice in a Long-Run Urban Equilibrium

Ulrich Kamecke

4968: Trade Restrictiveness Indices in Presence of Externalities: An Application to Non-Tariff Measures

John Beghin, Anne-Célia Disdier and Stéphan Marette

4967: Discounting in an Uncertain World - Disentangling the Debate on the Weitzman-Gollier Puzzle

Wolfgang Buchholz

4966: The Matthew Effect in Economics Reconsidered

Daniel Birkmaier and Klaus Wohlrabe

4965: Cheating and Loss Aversion: Do People Lie More to Avoid a Loss?

Gilles Grolleau, Martin Kocher and Angela Sutan

4964: Pass-through of CO2 Emission Costs to Hourly Electricity Prices in Germany

Beat Hintermann

4963: Student and Graduate Migration and its Effect on the Financing of Higher Education

Tina Haussen and Silke Uebelmesser

4962: The Signaling Role of Corporate Social Responsibility

Tomer Blumkin, Yoram Margalioth and Adi Sharoni

4961: Innovation in the Supply and Procurement of Rig Services

Petter Osmundsen

4960: Behind the GATE Experiment: Evidence on Effects of and Rationales for Subsidized Entrepreneurship Training

Robert Fairlie, Dean Karlan and Jonathan Zinman

4959: Granting Birthright Citizenship - A Door Opener for Immigrant Children's Educational Participation and Success

Christina Felfe and Judith Saurer

4958: Can Peers Improve Agricultural Productivity?

Tisorn Songsermsawas, Kathy Baylis, Ashwini Chhatre and Hope Michelson

4957: The Sources of the Gender Gap in Economics Enrolment

Mirco Tonin and Jackline Wahba

4956: Towards Behavioral Political Economy of Institutional Change: With Field Facts from China

Yongjing Zhang and Mei Wang

4955: Spill-over Effects of Affirmative Action: Political Representation and the Power of the Elderly

Audinga Baltrunaite, Alessandra Casarico and Paola Profeta

4954: Self-Enforcing International Environmental Agreements and Trade: Taxes Versus Caps

Thomas Eichner and Rüdiger Pethig

4953: The Impact of Basel III on Trade Finance: The Potential Unintended Consequences of the Leverage Ratio

Marc Auboin and Isabella Blengini

4952: An Independent Scotland’s Currency Options Redux: Assessing the Costs and Benefits of Currency Choice

Ronald MacDonald

4951: Taxes in Cities

Marius Brülhart, Sam Bucovetsky and Kurt Schmidheiny

4950: The Downside Risk of Elevation

Kerstin Bruckmeier, Georg-Benedikt Fischer and Berthold Wigger

4949: The Design of Ambiguous Mechanisms

Alfredo Di Tillio, Nenad Kos and Matthias Messner

4948: Handing Out Guns at a Knife Fight: Behavioral Limitations of Subgame-Perfect Implementation

Ernst Fehr, Michael Powell and Tom Wilkening

4947: Households, Markets and Public Choice

Hans Gersbach and Hans Haller

4946: Hypnosis Before Wake-up Call?! The Revival of Sovereign Credit Risk Perception in the EMU-Crisis

Ingo G. Bordon, Kai Schmid and Michael Schmidt

4945: Altruistic Punishment in Elections

Jason Aimone, Luigi Butera and Thomas Stratmann

4943: Lost in America: Evidence on Local Sales Taxes from National Panel Data

David Agrawal

4942: Access to Technology and the Transfer Function of Community Colleges: Evidence from a Field Experiment

Robert Fairlie and Samantha H. Grunberg

4941: Has Creative Destruction Become More Destructive?

John Komlos

4940: Shop Around and You Pay More

Ji Yan, Kun Tian, Huw Dixon, Saeed Heravi and Peter Morgan

4939: Welfare Benefits of Agglomeration and Worker Heterogeneity

C. N. Teulings, Ioulia Ossokina and Henri de Groot

4938: Optimal Wage Redistribution in the Presence of Adverse Selection in the Labor Market

Spencer Bastani, Tomer Blumkin and Luca Micheletto

4937: Optimal Redistributive Pensions and the Cost of Self-Control

Pier-André Bouchard St-Amant and Jean-Denis Garon

4936: Land, Men, Taxation - An Application to Pre-Modern China and Europe: Erik Jones' European Miracle Revisited

Charles Blankart

4935: Political Booms, Financial Crises

Helios Herrera, Guillermo Ordonez and Christoph Trebesch

4934: Firm Performance and Trade with Low-Income Countries: Evidence from China

Hans-Joerg Schmerer and Luhang Wang

4933: Optimal Conservatism and Collective Monetary Policymaking under Uncertainty

Carsten Hefeker and Blandine Zimmer

4932: Manufacturers Mergers and Product Variety in Vertically Related Markets

Chrysovalantou Milliou and Joel Sandonis

4931: Do Dividend Taxes Affect Corporate Investment?

Annette Alstadsæter, Martin Jacob and Roni Michaely

4930: Global Warming and a Potential Tipping Point in the Atlantic Thermohaline Circulation: The Role of Risk Aversion

Mariia Belaia, Michael Funke and Nicole Glanemann

4929: Panel Cointegration Tests on the Fiscal Sustainability of German Laender

Heiko Burret, Lars Feld, Kö and Ekkehard A. Hler

4928: Fiscal Sustainability of the German Laender - Time Series Evidence

Heiko Burret, Lars Feld, Kö and Ekkehard A. Hler

4927: International Migration of Couples

Martin Junge, Martin D. Munk and Panu Poutvaara

4926: Health Club Attendance, Expectations and Self-control

Jean-Denis Garin, Alix Masse and Pierre-Carl Michaud

4925: The Impact of Financial Education on Adolescents' Intertemporal Choices

Melanie Lührmann, Marta Serra-Garcia and Joachim Winter

4924: Gone for Good? Subsidies with Export Share Requirements in China: 2002-2013

Fabrice Defever and Alejandro Riaño

4923: Foreign Language Learning: An Econometric Analysis

Victor Ginsburgh, Jacques Melitz and Farid Toubal

4922: Three Family Policies to Reconcile Fertility and Labor Supply

Robert Fenge and Lisa Stadler

4921: Unobserved Tax Avoidance and the Tax Elasticity of FDI

Peter Egger, Valeria Merlo and Georg Wamser

4920: Moral Hazard and Bargaining over Incentive Contracts

Marcus Dittrich and Silvio Städter

4919: Labor Policies and Capital Mobility in Theory and in EMU

Giuseppe Bertola