CESifo Working Paper Series

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4256: Tax Competition, Investment Irreversibility and the Provision of Public Goods

Michele Moretto, Paolo Panteghini and Sergio Vergalli

4255: Euro Membership and Fiscal Reaction Functions

Alfons J. Weichenrieder, Jochen Zimmer and Alfons Weichenrieder

4254: Do Higher Government Wages Reduce Corruption? Evidence Based on a Novel Dataset

Van Ha Le, Jakob de Haan, Erik Dietzenbacher and Jakob de Haan

4253: The Exchange Rate Susceptibility of Some European Core Industries and the Currency Union

David Leuwer and Bernd Süssmuth

4252: The Intrinsic Value of Decision Rights

Björn Bartling, Ernst Fehr and Holger Herz

4251: Decomposing China's Export Growth into Extensive Margin, Export Quality and Quantity Effects

Yue Gao, John Whalley and Yonglei Ren

4250: Coworker Networks in the Labour Market

Albrecht Glitz

4249: The Macroeconomic Policy Challenges of Balance Sheet Recession: Lessons from Japan for the European Crisis

Gunther Schnabl

4248: Atkinson-Stiglitz and Ramsey Reconciled: Pareto Efficient Taxation and Pricing under a Break-Even Constraint

Helmuth Cremer and Firouz Gahvari

4247: Do Higher Corporate Taxes Reduce Wages? Micro Evidence from Germany

Clemens Fuest, Andreas Peichl and Sebastian Siegloch

4246: The Size and Scope of Government in the US States: Does Party Ideology Matter?

Christian Bjørnskov and Niklas Potrafke

4245: Same Same But Different: Dialects and Trade

Alfred Lameli, Volker Nitsch, Jens Suedekum and Nikolaus Wolf

4244: Does the European Marriage Pattern Explain Economic Growth

Tracy Dennison and Sheilagh Ogilvie

4243: Do Trade Agreements Stimulate International Trade Differently? Evidence from 296 Trade Agreements

Tristan Kohl, Steven Brakman and Harry Garretsen

4242: The 90% Public Debt Threshold: The Rise and Fall of a Stylised Fact

Balázs Égert

4241: Optimal Fiscal Policy

Jasper Lukkezen and C. N. Teulings

4240: How Should Commodities be Taxed? A Counterargument to the Recommendation in the Mirrlees Review

Spencer Bastani, Sören Blomquist and Jukka Pirttilä

4239: What You Ask is What You Get: Willingness-to-Pay for a QALY in Germany

Marlies Ahlert, Friedrich Breyer and Lars Schwettmann

4238: Forecasting Exchange Rates: An Investor Perspective

Michael Melvin, John Prins and Duncan Shand

4237: The Effects of Tuition Fees on Transition from High School to University in Germany

Kerstin Bruckmeier and Berthold Wigger

4236: Greenspan Shrugs: Central Bank Communication, Formal Pronouncements and Bond Market Volatility

Bob Chirinko and Christopher Curran

4235: Does Bilateral Trust Affect International Movement of Goods and Labor

Eva Spring and Volker Grossmann

4234: Exchange Rate Uncertainty and International Portfolio Flows

Guglielmo Maria Caporale, Faek Menla Ali and Nicola Spagnolo

4233: Negative Campaigning in a Probabilistic Voting Model

Jan Brueckner and Kangoh Lee

4232: Common Correlated Effects Estimation of Heterogeneous Dynamic Panel Data Models with Weakly Exogenous Regressors

Alexander Chudik and Mohammad Pesaran

4231: Complex Tax Incentives - An Experimental Investigation

Johannes Abeler and Simon Jäger

4230: Migration into the Welfare State: Tax and Migration Competition

Assaf Razin

4229: Heterogeneous Firms in a Product Fragmentation World

Yue Gao and John Whalley

4228: Consuming your Way to Efficiency: Public Goods Provision through Non-Distortionary Tax Lotteries

Thomas Giebe and Paul Schweinzer

4227: Working for a Good Cause

Robert Dur and Robin Zoutenbier

4226: What We Can Learn about the Behavior of Firms from the average Monthly Frequency of Price-Changes: An Application to the UK CPI Data

Huw Dixon and Kun Tian

4225: Status Concerns as a Motive for Crime?

Florian Baumann and Tim Friehe

4224: Long Memory and Fractional Integration in High Frequency Data on the US Dollar / British Pound Spot Exchange Rate

Guglielmo Maria Caporale and Luis Gil-Alana

4223: Maintaining One's Living Standard at Old Age: What Does that Mean? Evidence Using Panel Data from Germany

Christian Dudel, Notburga Ott and Martin Werding

4222: Subjective Well-Being and Income: Is there any Evidence of Satiation?

Betsey Stevenson and Justin Wolfers

4221: The Political Economy of Educational Content and Development: Lessons from History

Davide Cantoni and Noam Yuchtman

4220: Whither China? Reform and Economic Integration among Chinese Regions

Jan Fidrmuc, Jarko Fidrmuc and Shuo Huang

4219: Who Participates in Tax Avoidance?

Annette Alstadsæter and Martin Jacob

4218: What Drives Aggregate Investment? Evidence from German Survey Data

Ruediger Bachmann and Peter Zorn

4217: Has Public Insurance Gone Too Far?

Ludger Schuknecht

4216: What Drives Target2 Balances? Evidence from a Panel Analysis

Raphael Auer

4215: Economic Growth in Africa: Comparing Recent Improvements with the "lost 1980s and early 1990s" and Estimating New Growth Trends

Willi Leibfritz and Gebhard Flaig

4214: Impact of Exchange Rate Movements on Exports: An Analysis of Indian Non-Financial Sector Firms

Yin-Wong Cheung and Rajeswari Sengupta

4213: Immigration, Unemployment and Growth in the Host Country: Bootstrap Panel Granger Causality Analysis on OECD Countries

Ekrame Boubtane, Dramane Coulibaly and Christophe Rault

4212: The Historical Roots of Corruption and Economic Development in Italy

Ilaria Petrarca and Roberto Ricciuti

4211: Social Unrest in the Wake of IMF Structural Adjustment Programs

Caleb Stroup and Benjamin Zissimos

4210: The Efficiency and Equity of the Tax and Transfer System in France

Balázs Égert

4209: Dynamic Entry and Exit Linkages in the Brazilian Manufacturing Industry: An Econometric Investigation

Marcelo Resende, Eduardo Ribeiro and Rodrigo Zeidan

4208: Effects of the Endogenous Scope of Preferentialism on International Goods Trade

Peter Egger and Georg Wamser

4207: Education and Health: The Role of Cognitive Ability

Govert Bijwaard, Hans van Kippersluis and Justus Veenman

4206: Minority Positions in the German Council of Economic Experts: A Political Economic Analysis

Niklas Potrafke

4205: Government Ideology and Tuition Fee Policy: Evidence from the German States

Björn Kauder and Niklas Potrafke

4204: Honeybee Economics - Implications for Ecology Policy

Vesa Kanniainen, Tuula Lehtonen and Ilkka Mellin

4203: The Effects of Test-based Retention on Student Outcomes over Time: Regression Discontinuity Evidence from Florida

Guido Schwerdt and Martin R. West

4202: Price Discrimination in Input Markets: Quantity Discounts and Private Information

Fabian Herweg and Daniel Müller

4201: How Expoerts Decide: Preferences or Private Assessments on a Monetary Policy Committee?

Stephen Hansen, Michael McMahon and Carlos Velasco Rivera

4200: Strong, Bold, and Kind: Self-Control and Cooperation in Social Dilemmas

Martin Kocher, Peter Martinsson, Kristian Ove R. Myrseth and Conny Wollbrant

4199: Optimal Fiscal Action in an Economy with Sovereign Premia and without Monetary Independence: An Application to Italy

Apostolis Philippopoulos, Petros Varthalitis and Vanghelis Vassilatos

4198: Catastrophic Medical Expenditure Risk

Gabriela Flores and Owen O'Donnell

4197: What do the Fama-French Factors Add to C-CAPM?

Pongrapeeporn Abhakorn, Peter N. Smith, Michael Wickens and Michael R. Wickens

4196: Evidence on Individual Preferences for Longevity Risk

Gaëtan Delprat, Marie-Louise Leroux and Pierre-Carl Michaud

4195: Sovereign Bond Market Reactions to Fiscal Rules and No-Bailout Clauses - The Swiss Experience

Lars Feld, Alexander Kalb, Marc-Daniel Moessinger and Steffen Osterloh

4194: Synchronization and Changes in International Inflation Uncertainty

Steffen Henzel and Elisabeth Wieland

4193: Delegation and Interim Performance Evaluation

Miriam Schütte and Philipp Wichardt

4192: An Experimental Investigation of Risk Sharing and Adverse Selection

Franziska Tausch, Jan Potters and Arno Riedl

4191: Public Child Care and Mothers' Labor Supply - Evidence from Two Quasi-Experiments

Stefan Bauernschuster and Martin Schlotter

4190: Measurement and Determinants of Access to Loans

Christa Hainz and Tatjana Nabokin

4189: On the Linkages between Stock Prices and Exchange Rates: Evidence from the Banking Crisis of 2007-2010

Guglielmo Maria Caporale, John Hunter and Faek Menla Ali

4188: Finding the Cost of Control

Judd Kessler, Stephen Leider and Judd B. Kessler

4187: Monitoring Job Search Effort with Hyperbolic Time Preferences and Non-Compliance: A Welfare Analysis

Bart Cockx, Corinna Ghirelli and Bruno Van der Linden

4186: Dutch Disease in the Post-Soviet Countries of Central and South-West Asia: How Contagious is it?

Balázs Égert

4185: Is the Italian Public Debt Really Unsustainable? An Historical Comparison (1861-2010)

Silvana Bartoletto, Bruno Chiarini and Elisabetta Marzano

4184: Distributional Preferences in Probabilistic and Share Contests

Magnus Hoffmann and Martin Kolmar

4183: Subjective and Objective Indicators of Racial Progress

Betsey Stevenson and Justin Wolfers

4182: The Impact of City Contracting Set-Asides on Black Self-Employment and Employment

Aaron K. Chatterji, Kenneth Y. Chay and Robert Fairlie

4181: Exchange Rate Expectations of Chartists and Fundamentalists

Christian Dick and Lukas Menkhoff

4180: Natural-Resource Rents and Internal Conflicts - Can Decentralization Lift the Curse?

Mohammad Reza Farzanegan, Christian Lessmann and Gunther Markwardt

4179: Decentralization and Natural Disasters

Timothy Goodspeed

4178: The Monetary Policy of the ECB: A Robin Hood Approach?

Marcus Drometer, Thomas Siemsen and Sebastian Watzka

4177: Of Donor Coordination, Free-Riding, Darlings, and Orphans: The Dependence of Bilateral Aid on Other Bilateral Giving

Ronald Davies and Stephan Klasen

4176: Firms' Optimism and Pessimism

Ruediger Bachmann and Steffen Elstner

4175: Icebergs versus Tariffs: A Quantitative Perspective on the Gains from Trade

Gabriel Felbermayr, Benjamin Jung, Mario Larch and Gabriel J. Felbermayr

4174: Gambling to Leapfrog in Status?

Tim Friehe and Mario Mechtel

4173: A Spatial Approach to Energy Economics

Juan Moreno-Cruz and M. Scott Taylor

4172: Trade Intensity and Output Synchronisation: On the Endogeneity Properties of EMU

Guglielmo Maria Caporale, Roberta de Santis and Alessandro Girardi

4171: What Moves Political Ideology? An Economic Analysis of Electoral Volatility in France Since 1889

François Facchini and Mickael Melki

4170: From Mine to Coast: Transport Infrastructure and The Direction of Trade in Developing Countries

Roberto Bonfatti and Steven Poelhekke

4169: Product Standards and Margins of Trade: Firm Level Evidence

Lionel Fontagné, Gianluca Orefice, Roberta Piermartini and Nadia Rocha

4168: The Tempest: Natural Disasters, Early Shocks and Children's Short- and Long-Run Development

Eva Deuchert and Christina Felfe

4167: Political Competition, Tax Salience and Accountability: Theory and Some Evidence from Italy

Emanuele Bracco, Francesco Porcelli and Michela Redoano

4166: Limited Consumer Attention in International Trade

Hartmut Egger and Josef Falkinger

4165: Emotions and Political Unrest

Francesco Passarelli and Guido Tabellini

4164: Employee Recognition and Performance: A Field Experiment

Christiane Bradler, Robert Dur, Susanne Neckermann and Arjan Non

4163: Mixed Oligopoly in Education

Helmuth Cremer and Darío Maldonado

4162: Pure Ethnic Gaps in Educational Attainment and School to Work Transitions. When do they Arise?

Stijn Baert and Bart Cockx

4161: When will there be Gift Exchange? Addressing the Lab-Field Debate with Laboratory Gift Exchange Experiments

Judd Kessler and Judd B. Kessler

4160: Efficiency and Environmental Impacts of Electricity Restructuring on Coal-Fired Power Plants

Hei Sing Chan, Harrison Fell, Ian Lange and Shanjun Li

4159: Facts or Ideology: What Determines the Results of Econometric Estimates of the Deterrence Effect of Death Penalty? A Meta-Analysis

Berit Gerritzen and Gebhard Kirchgässner

4158: Equity Risk Premium and Regional Integration

Mohamed El Hedi Arouri, Frédéric Teulon and Christophe Rault

4157: Public Debt, Economic Growth and Nonlinear Effects: Myth or Reality

Balázs Égert