CESifo Working Paper Series

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4056: Alliances in the Shadow of Conflict

Changxia Ke, Kai Konrad and Florian Morath

4055: Margins and Market Shares: Pharmacy Incentives for Generic Substitution

Kurt Brekke, Tor Helge Holmås and Odd Rune Straume

4054: China's Pure Exporter Subsidies

Fabrice Defever and Alejandro Riaño

4053: Individual and Developmental Differences in the Relationship of Preferences and Theory of Mind

Kristina Leipold, Nora C. Vetter, Marcus Dittrich, Marco Lehmann-Waffenschmidt and Matthias Kliegel

4052: Evaluation of Long-Dated Investments under Uncertain Growth Trend, Volatility and Catastrophes

Christian Gollier

4051: Target Balances and the German Financial Account in Light of the European Balance-of-Payments Crisis

Hans-Werner Sinn and Timo Wollmershäuser

4050: Trade Imbalances and Multilateral Trade Cooperation

Juan Marchetti, Michele Ruta and Robert Teh

4049: How do Incentives Affect Creativity?

Katharina Eckartz, Oliver Kirchkamp and Daniel Schunk

4048: Highway to Economic Growth? Competition in Public Works Tenders in the Democratic Republic of Congo

Sergio Galletta, Mario Jametti and Agustin Redonda

4047: Consistency of Higher Order Risk Preferences

Cary Deck and Harris Schlesinger

4046: Human Capital Accumulation and the Macroeconomy in an Ageing Society

Ben J. Heijdra and Laurie S. M. Reijnders

4045: Auctions vs. Negotiations: The Case of Favoritism

Vitali Gretschko and Achim Wambach

4044: Brown Growth, Green Growth, and the Efficiency of Urbanization

Martin Quaas and Sjak Smulders

4043: Early Child Care and Child Development: For Whom it Works and Why

Christina Felfe and Rafael Lalive

4042: Civic Capital in Two Cultures: The Nature of Cooperation in Romania and USA

Tore Ellingsen, Benedikt Herrmann, Martin A. Nowak, David G. Rand and Corina E. Tarnita

4041: Asset Pricing Implications of a New Keynesian Model: A Note

Burkhard Heer, Torben Klarl and Alfred Maussner

4040: The Negative Consequences of Overambitious Curricula in Developing Countries

Lant Pritchett and Amanda Beatty

4039: Democracy and Countries with Muslim Majorities: A Reply and Update

Niklas Potrafke

4038: The Impact of an Unexpected Wage Cut on Corruption: Evidence from a "Xeroxed" Exam

Oana Borcan, Mikael Lindahl and Andreea Mitrut

4037: Foreign Direct Investment and Regional Inequality: A Panel Data Analysis

Christian Lessmann

4036: The Tragedy of the Commons and Inflation Bias in the Euro Area

Valeriya Dinger, Sven Steinkamp and Frank Westermann

4035: Persistence and Cycles in the US Federal Funds Rate

Guglielmo Maria Caporale and Luis Gil-Alana

4034: Should Tax Policy Favor High- or Low-Productivity Firms?

Dominika Langenmayr, Andreas Haufler and Christian Josef Bauer

4033: An Exponential Class of Dynamic Binary Choice Panel Data Models with Fixed Effects

Majid Al-Sadoon, Tong Li and Mohammad Pesaran

4032: Explaining Constitutional Change: The Case of Judicial Independence

Bernd Hayo and Stefan Voigt

4031: Loss Aversion and Ex Post Inefficient Renegotiation

Fabian Herweg and Klaus Schmidt

4030: Does a Renewable Fuel Standard for Biofuels Reduce Climate Costs?

Mads Greaker, Michael Hoel and Knut Einar Rosendahl

4029: Carbon Leakage and Capacity-Based Allocations. Is the EU right?

Guy Meunier, Jean-Pierre Ponssard and Philippe Quirion

4028: More Similar Firms - More Similar Regions? On the Role of Firm Heterogeneity for Agglomeration

Maximilian von Ehrlich and Tobias Seidel

4027: Evidence on Fiscal Consolidations and the Evolution of Public Debt in Europe

Gianluca Cafiso and Roberto Cellini

4026: The Incidence of Bank Regulations and Taxes on Wages: Evidence from US States

Timothy Goodspeed

4025: Tax Interaction among Walloon Municipalities: Is there Room for Yardstick Competition, Intellectual Trend and Partisan Monopoly Effect?

Marcel Gerard and Laurent van Malderen

4024: Climate Treaties and Approaching Catastrophes

Scott Barrett

4023: The Political Economics of the Arab Spring

Roland Hodler

4022: Do Ethnic Enclaves Impede Immigrants' Integration? Evidence from a Quasi-Experimental Social-Interaction Approach

Alexander Danzer and Firat Yaman

4021: The Lure of Authority: Motivation and Incentive Effects of Power

Ernst Fehr, Holger Herz and Tom Wilkening

4020: United but (Un)Equal: Human Capital, Probability of Divorce and the Marriage Contract

Helmuth Cremer, Pierre Pestieau and Kerstin Roeder

4019: Optimal Harvesting of a Spatial Renewable Resource

Stefan Behringer and Thorsten Upmann

4018: Short-Term and Long-Term Growth Effects of Exchange Rate Adjustment

Evžen Kočenda, Mathilde Maurel and Gunther Schnabl

4017: Macroeconomic Fluctuations in a Stylized DSGE Model with Disequilibrium Dynamics

Bas van Aarle and Bas Van Aarle

4016: The Fossil Episode

John Hassler and Hans-Werner Sinn

4015: Does Culture Cause Economic Development? A Reassessment of the Evidence from European Regions

Jeremy Edwards

4014: Is Universal Child Care Leveling the Playing Field?

Tarjei Havnes and Magne Mogstad

4013: International Trade and Unemployment: A Quantitative Framework

Benedikt Heid and Mario Larch

4012: Taxation of Firms with Unknown Mobility

Johannes Becker and Andrea Schneider

4011: Trade, Wages, and Productivity

Kristian Behrens, Giordano Mion, Yasusada Murata and Jens Suedekum

4010: Sin Licenses Revisited

Markus Haavio and Kaisa Kotakorpi

4009: The Efficacy and Efforts of Interest Groups in Post Elections Policy Formation

Gil Epstein, Yosef Mealem and Shmuel Nitzan

4008: Estimating the Influence of Life Satisfaction and Positive Affect on Later Income Using Sibling Fixed-Effects

Jan-Emmanuel De Neve and Andrew Oswald

4007: You Owe Me

Ulrike Malmendier and Klaus Schmidt

4006: Business Cycles, International Trade and Capital Flows: Evidence from Latin America

Guglielmo Maria Caporale and Alessandro Girardi

4005: Government Spending Shocks and the Multiplier: New Evidence from the U.S. Based on Natural Disasters

Weonho Yang, Jan Fidrmuc and Sugata Ghosh

4004: Size and Development of Tax Evasion in 38 OECD Countries: What do we (not) know?

Andreas Bühn and Friedrich Schneider

4003: Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries

Francisco Campos-Ortiz, Louis Putterman, T.K. Ahn, Loukas Balafoutas, Mongoljin Batsaikhan and Matthias Sutter

4002: Portability of Pension, Health, and other Social Benefits: Facts, Concepts, and Issues

Robert Holzmann and Johannes Koettl

4001: Fiscal Policy Sustainability, Economic Cycle and Financial Crises: The Case of the GIPS

Gabriella Legrenzi and Costas Milas

4000: Sectoral Trade Freeness and Agglomeration in the EU: An Empirical Test Strategy

Gianluca Cafiso

3999: Policy Responses to Fiscal Restraints: A Difference-in-Discontinuities Design

Veronica Grembi, Tommaso Nannicini and Ugo antonio Troiano

3998: The Effect of Terrorist Incidents on Capital Flows

Randall Filer and Dragana Stanišic

3997: Which Factors Drive the Decision to Boycott and Opt Out of Research Rankings?

Michael Berlemann and Justus Haucap

3996: Public Good Provision with Robust Decision Making

Konstantinos Angelopoulos, George Economides and Apostolis Philippopoulos

3995: The Retirement of the Migrant Labor Force: Pension Portability and Beyond

Alain Jousten

3994: Alike in Many Ways: Intergenerational and Sibling Correlations of Brothers' Earnings

Paul Bingley and Lorenzo Cappellari

3993: The Effect of Additional Funds for Low-Ability Pupils - A Nonparametric Bounds Analysis

Monique De Haan

3992: Loan Regulation and Child Labor in Rural India

Basab Dasgupta and Christian Zimmermann

3991: Unemployment and Identity

Ronnie Schöb

3990: Archetypal Scientists

Christian Seiler and Klaus Wohlrabe

3989: On the Inclusion of the Chinese Renminbi in the SDR Basket

Agnès Benassy-Quere and Damien Capelle

3988: Liquidity, Term Spreads and Monetary Policy

Yunus Aksoy and Henrique Basso

3987: Institutional Determinants of Intergenerational Education Transmission - Comparing Alternative Mechanisms for Natives and Immigrants

Philipp Bauer and Regina Riphahn

3986: Breakthrough Renewables and the Green Paradox

Frederick (Rick) van der Ploeg

3985: Preferences, Rent Destruction and Multilateral Liberalisation: The Building Block Effect of CUSFTA

Tobias Ketterer, Daniel Bernhofen and Chris Milner

3984: Top Incomes, Rising Inequality, and Welfare

Kevin Lansing and Agnieszka Markiewicz

3983: Strategic Complexities in the Combinatorial Clock Auction

Vitali Gretschko, Stephan Knapek and Achim Wambach

3982: How to Tame two Leviathans? Revisiting the Effect of Direct Democracy on Local Public Expenditure

Sergio Galletta and Mario Jametti

3981: What Drives Immigration Amnesties?

Alessandra Casarico, Giovanni Facchini and Tommaso Frattini

3980: Ranking of VaR and ES Models: Performance in Developed and Emerging Markets

Saša Žiković and Randall Filer

3979: Job Search, Human Capital and Wage Inequality

Carlos Carrillo-Tudela

3978: Gasoline Content Regulation and Compliance among US Refineries

Ujjayant Chakravorty, Celine Nauges and Henry Thille

3977: Fueling Growth when Oil Peaks: Directed Technological Change and the Limits to Efficiency

Francisco André and Sjak Smulders

3976: A Nested Contest: Tullock Meets the All-pay Auction

J. Atsu Amegashie

3975: Fiscal Sustainability in the Presence of Systemic Banks: The Case of EU Countries

Agnès Benassy-Quere and Guillaume Roussellet

3974: Labor Income Responds Differently to Income-Tax and Payroll-Tax Reforms

Etienne Lehmann, François Marical and Laurence Rioux

3973: Optimal Taxation with Current and Future Cohorts

Hans Fehr and Fabian Kindermann

3972: Behavioral Biases and Long Term Care Annuities: A Political Economy Approach

Philippe De Donder and Marie-Louise Leroux

3971: Nineteenth Century US BMIs by Race: Socioeconomics and Biology

Scott A. Carson

3970: Profit Sharing and Relative Consumption

Laszlo Goerke

3969: The Generalized Alchian-Allen Theorem

Junichi Minagawa and Thorsten Upmann

3968: Target Losses in Case of a Euro Break-up

Hans-Werner Sinn

3967: Sorting into Outsourcing: Are Profits Taxed at a Gorilla's Arm's Length?

Christian Josef Bauer and Dominika Langenmayr

3966: Beyond Ramsey: Gender-Based Taxation with Non-Cooperative Couples

Volker Meier and Helmut Rainer

3965: Smaller Public Sectors in the Euro Area: Aggregate and Distributional Implications

George Economides, Dimitris Papageorgiou, Apostolis Philippopoulos and Vanghelis Vassilatos

3964: The Interest Rate Pass-Through in the Euro Area During the Global Financial Crisis

Nikolay Hristov, Oliver Hülsewig and Timo Wollmershäuser

3963: Reflections on Cluster Policies

Steven Brakman, Charles van Marrewijk and Charles van Marrewijk

3962: Eyes Wide Shut? The U.S. House Market Bubble through the Lense of Statistical Process Control

Michael Berlemann, Julia Freese and Sven Knoth

3961: Persistence in Youth Unemployment

Guglielmo Maria Caporale and Luis Gil-Alana

3960: The Economic Impact of Demographic Structure in OECD Countries

Yunus Aksoy, Tobias Grasl and Ronald Smith

3959: The Role of Economic Policy in Climate Change Adaptation

Kai Konrad and Marcel Thum

3958: Escaping the Repugnant Conclusion: Rank-Discounted Utilitarianism with Variable Population

Geir Asheim and Stéphane Zuber

3957: The Golden Hello and Political Transitions

Toke Aidt, Facundo Albornoz and Martin Gassebner