CESifo Working Paper Series

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4810: Over-Caution of Large Committees of Experts

Rune Midjord, Tomás Rodríguez and Justin Mattias Valasek

4809: Government Decentralization as a Commitment

Mark Gradstein

4808: Level r Consensus and Stable Social Choice

Muhammad Mahajne, Shmuel Nitzan and Oscar Volij

4807: Theory and Practice of GVAR Modeling

Alexander Chudik and Mohammad Pesaran

4806: Bidding for Firms with Unknown Characteristics

Johannes Becker and Andrea Schneider

4805: Tax Incentives and Business Investment: Evidence from German Bonus Depreciation

Sebastian Eichfelder and Kerstin Schneider

4804: How to Stimulate Single Mothers on Welfare to Find a Job; Evidence from a Natural Experiment

Marike Knoef, Jan C. van Ours and Jan C. van Ours

4803: The Gender Gap in Entrepreneurship: Not Just a Matter of Personality

Marco Caliendo, Frank Fossen, Alexander Kritikos and Miriam Wetter

4802: Spatial Concentration of Military Dictatorships in Sub-Saharan Africa (1977-2007)

Raul Caruso, Ilaria Petrarca and Roberto Ricciuti

4801: The Effect of Income on Religiousness

Thomas Buser

4800: Cultural Integration and Export Variety Overlap Across Countries

Peter Egger, Andrea Lassmann and Peter H. Egger

4799: Trade, Integration, and Interregional Inequality

Georg Hirte and Christian Lessmann

4798: The Value of Technology Improvements in Games with Externalities: A Fresh Look at Offsetting Behavior

Michael Hoy and Mattias K Polborn

4797: The Domestic Segment of Global Supply Chains in China under State Capitalism

Heiwai Tang, Fei Wang and Zhi Wang

4796: The Costs and Benefits of Mandatory Securities Regulation: Evidence from Market Reactions to the JOBS Act of 2012

Dhammika Dharmapala and Vikramaditya Khanna

4795: Climate Change and Psychological Adaptation: A Behavioral Environmental Economics Approach

Thomas Aronsson and Ronnie Schöb

4794: Human Capital Mobility: Implications for Efficiency, Income Distribution, and Policy

David Wildasin

4793: Risk Matters: A Comment

Benjamin Born and Johannes Pfeifer

4792: Spillovers from Systemic Bank Defaults

Mark Mink, Jakob de Haan and Jakob de Haan

4791: Elections and de facto Expenditure Decentralization in Canada

Mario Jametti and Marcelin Joanis

4790: Human Capital and National Institutional Quality: Are TIMSS, PISA, and National Average IQ Robust Predictors?

Garett Jones and Niklas Potrafke

4789: A Theory of Price Adjustment under Loss Aversion

Steffen Ahrens, Inske Pirschel and Dennis Snower

4788: The Effectiveness of Taxation and Feed-in Tariffs

Fabio Antoniou and Roland Strausz

4787: The Environmental Kuznets Curve and Sustainability: A Panel Data Analysis

Sahbi Farhani, Sana Mrizak, Anissa Chaibi and Christophe Rault

4786: Birthweight and Academic Achievement in Childhood

Pinka Chatterji, Dohyung Kim and Kajal Lahiri

4785: Behavioral Economics and Macroeconomic Models

John Driscoll and Steinar Holden

4784: Looking Back in Anger? Retirement and Unemployment Scarring

Clemens Hetschko, Andreas Knabe and Ronnie Schöb

4783: Teams and Tournaments in Relational Contracts

Ola Kvaløy and Trond Olsen

4782: Institutional Reform and Depositors' Portfolio Choice - Evidence from Censored Quantile Regressions

Michael Berlemann and Marc-André Luik

4781: The Search for Abatement Technologies in the Alberta Oil Sands

Alain-Désiré Nimubona, Ujjayant Chakravorty and Andrew Leach

4780: Trade Policy Uncertainty and Exports: Evidence from China's WTO Accession

Ling Feng, Zhiyuan Li and Deborah Swenson

4779: Curriculum and Ideology

Davide Cantoni, Yuyu Chen, David Yang, Noam Yuchtman and Y. Jane Zhang

4778: Corporate Philanthropy and Productivity: Evidence from an Online Real Effort Experiment

Mirco Tonin and Michael Vlassopoulos

4777: The Impact of Trade Preferences on Multilateral Tariff Cuts: Evidence for Japan

Tobias Ketterer, Daniel Bernhofen and Chris Milner

4776: Children of a (Policy) Revolution: The Introduction of Universal Child Care and its Effect on Fertility

Stefan Bauernschuster, Timo Hener and Helmut Rainer

4775: The Impact of Financial Constraints and Wealth Inequality on International Trade Flows, Capital Movements and Entrepreneurial Migration

Spiros Bougheas and Rodney Falvey

4774: Delegation and Dynamic Incentives

Dongsoo Shin and Roland Strausz

4773: Will Skyscrapers Save the Planet? Building Height Limits and Urban Greenhouse Gas Emissions

Rainald Borck

4772: Corporate Taxation and Financial Strategies Under Asymmetric Information

Francesco Cohen, Alessandro Fedele and Paolo Panteghini

4771: An Externality-Robust Auction: Theory and Experimental Evidence

Björn Bartling and Nick Netzer

4770: Regime Spoiler or Regime Pawn: The Military and Distributional Conflict in Non-Democracies

J. Atsu Amegashie

4769: Trade Linkages and the Globalisation of Inflation in Asia and the Pacific

Raphael Auer and Aaron Mehrotra

4768: Why Do We Ignore the Risk in Schooling Decisions?

Joop Hartog and Luis Diaz-Serrano

4767: Compliance Dynamics Generated by Social Interaction Rules

Vilen Lipatov

4766: Transportation Costs and the Great Divergence

Leonid Azarnert

4765: Emergent Dynamics of a Macroeconomic Agent Based Model with Capital and Credit

Tiziana Assenza, Domenico Delli Gatti and Jakob Grazzini

4764: Illusion of Control and the Pursuit of Authority

Randolph Sloof and Ferdinand von Siemens

4763: Gender Differences in Strategic Reasoning

Marcus Dittrich and Kristina Leipold

4762: A Pareto-Improving Minimum Wage

Eliav Danziger and Leif Danziger

4761: International Trade, Risk and the Role of Banks

Friederike Niepmann and Tim Schmidt-Eisenlohr

4760: Hidden Skewness: On the Difficulty of Multiplicative Compounding under Random Shocks

Ludwig Ensthaler, Olga Nottmeyer, Georg Weizsäcker and Christian Zankiewicz

4759: Optimal Environmental Policy with Network Effects: Will Pigovian Taxation Lead to Excess Inertia?

Mads Greaker and Kristoffer Midttømme

4758: Consumer Standards as a Strategic Device to Mitigate Ratchet Effects in Dynamic Regulation

Raffaele Fiocco and Roland Strausz

4757: Environmental and Technology Policy Options in the Electricity Sector: Interactions and Outcomes

Carolyn Fischer, Richard Newell and Louis Preonas

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