CESifo Working Paper Series

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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

4918: The Prince and the Pauper: Fairness through Thick and Thin Veils of Ignorance

Chee Kian Leong

4917: From Friends to Enemies? The Euro as a Cause of New Nationalism

Charles Blankart

4916: Volatility and Diversification of Exports: Firm-Level Theory and Evidence

Gonzague Vannoorenberghe, Zheng Wang and Zhihong Yu

4915: Politically Sustainable Probabilistic Minority Targeting

Philippe De Donder and Eugenio Peluso

4914: Measuring Ratchet Effects within a Firm: Evidence from a Field Experiment Varying Contractual Commitment

Charles Bellemare and Bruce Shearer

4913: Do Leaders Affect Ethical Conduct?

Giovanna d'Adda, Donja Darai and Roberto Weber

4912: Macro News and Stock Returns in the Euro Area: A VAR-GARCH-in-Means Analysis

Guglielmo Maria Caporale, Fabio Spagnolo and Nicola Spagnolo

4911: Rainy Day Politics - An Instrumental Variables Approach to the Effect of Parties on Political Outcomes

Jo Lind

4910: Crowding Out of Long-Term Care Insurance: Evidence from European Expectations Data

Joan Costa-i-Font and Christophe Courbage

4909: Stable and Sustainable Global Tax Coordination with Leviathan Governments

Thomas Eichner and Rüdiger Pethig

4908: Management Incentives under Formula Apportionment - Tax-Induced Distortions of Effort and Compensation in a Principal-Agent Setting -

Jan Thomas Martini, Rainer Niemann and Dirk Simons

4907: Effectiveness and Transmission of the ECB's Balance Sheet Policies

Jef Boeckx, Maarten Dossche and Gert Peersman

4906: How to Share it out: The Value of Information in Teams

Alex Gershkov, Jianpei Li and Paul Schweinzer

4905: The Elasticity of Taxable Income and Income-Shifting: What is "Real" and What is Not?

Jarkko Harju and Tuomas Matikka

4904: The Impact of Losing in a Competition on the Willingness to Seek Further Challenges

Thomas Buser

4903: EU-Accession Effects on Sectoral Trade: A Helpman-Melitz-Rubinstein Approach with Panel Data

Inmaculada Martínez-Zarzoso, Martina Vidovic and Anca M. Voicu

4902: Imperfect Financial Markets as a Commitment Device for the Government

Jenny Simon

4901: Are there Differences in the Effectiveness of Quantitative Easing at the Zero-Lower-Bound in Japan over Time?

Henrike Michaelis and Sebastian Watzka

4900: Outside Earnings, Absence, and Activity: Evidence from Germany Parliamentarians

Felix Arnold, Björn Kauder and Niklas Potrafke

4899: Nineteenth Century Black and Mulatto Physical Activity, Calories, and Life Expectancy

Scott A. Carson

4898: Cordon Tolling in a City with Congested Bridges

Jan Brueckner

4897: Pro Bono Work and Trust in Expert Fields

David Ong and Chun-Lei Yang

4896: Income Taxes, Sorting, and the Costs of Housing: Evidence from Municipal Boundaries in Switzerland

Christoph Basten, Maximilian von Ehrlich and Andrea Lassmann

4895: The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model

Bob Chirinko and Debdulal Mallick

4894: Inside Post-Socialist Courts: The Determinants of Adjudicatory Outcomes in Slovenian Commercial Disputes

Valentina Dimitrova-Grajzl, Peter Grajzl and Katarina Zajc

4893: Financing and Funding Health Care: Optimal Policy and Political Implementability

Robert Nuscheler and Kerstin Roeder