CESifo Working Paper Series

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4118: One Hundred Years of Oil Income and the Iranian Economy: A Curse or a Blessing?

Kamiar Mohaddes and Mohammad Pesaran

4117: Location of Foreign Direct Investment in Vertically Related Markets

Chrysovalantou Milliou

4116: Institutionalizing Eurozone Exit: A Modified NEWNEY Approach

Steffen Huck and Justin Mattias Valasek

4115: Not the Opium of the People: Income and Secularization in a Panel of Prussian Counties

Sascha Becker, Ludger Woessmann and Sascha O. Becker

4114: Dynamic Commercial Lobbying

Thomas Groll and Christopher J. Ellis

4113: Can a Unilateral Carbon Tax Reduce Emissions Elsewhere?

Joshua Elliott and Don Fullerton

4112: Regional Inequality and Internal Conflict

Christian Lessmann

4111: Health Insurance and Diversity of Treatment: A Policy Mix Perspective

David Bardey, Bruno Jullien and Jean-Marie Lozachmeur

4110: A Simple Model of the Commercial Lobbying Industry

Thomas Groll and Christopher J. Ellis

4109: On the Efficient Provision of Public Goods by Means of Lotteries

Jörg Franke and Wolfgang Leininger

4108: Fiscal Divergence and Current Account Imbalances in Europe

Gunther Schnabl and Timo Wollmershäuser

4107: Taxes on the Internet: Deterrence Effects of Public Disclosure

Joel Slemrod, Thor Thoresen and Erlend Bø

4106: Improving Global Public Goods Supply through Conditional Transfers - The International Adaptation Transfer Riddle

Karen Pittel and Dirk Rübbelke

4105: Does the Market Value Value-Added? Evidence from Housing Prices after a Public Release of School and Teacher Value-Added

Scott Imberman and Michael Lovenheim

4104: Intention-Based Fairness Preferences in Two-Player Contests

Magnus Hoffmann and Martin Kolmar

4103: Free Trade Agreements and the Consolidation of Democracy

Xuepeng Liu and Emanuel Ornelas

4102: Public Choice: A Survey

Charles Blankart

4101: Leakage, Welfare, and Cost-Effectiveness of Carbon Policy

Kathy Baylis, Don Fullerton and Dan Karney

4100: Technological Regimes in the Brazilian Manufacturing Industry: An Empirical Investigation

Vinicius Vieira and Marcelo Resende

4099: Price Equalization Does Not Imply Free Trade

Piyusha Mutreja, B Ravikumar, Raymond Riezman and Michael Sposi

4098: Tax Base Erosion and Inequity from Michigan's Assessment Growth Limit: The Case of Detroit

Timothy R. Hodge, Mark Skidmore, Gary Sands and Daniel McMillen

4097: Market Structure and the Cost of Capital

Mohamed El Hedi Arouri, Christophe Rault, Robert Sova and Anamaria Sova

4096: Intra-Group Heterogeneity in Collective Contests

Shmuel Nitzan and Kaoru Ueda

4095: Poverty and Welfare Measurement on the Basis of Prospect Theory

Markus Jantti, Ravi Kanbur, Milla Nyyssölä and Jukka Pirttilä

4094: Supply Side Climate Policy and the Green Paradox

Michael Hoel

4093: Do Employers Discriminate Less if Vacancies are Difficult to Fill? Evidence from a Field Experiment

Stijn Baert, Bart Cockx, Niels Gheyle and Cora Vandamme

4092: The Engine Immobilizer: A Non-Starter for Car Thieves

Jan C. van Ours, Ben Vollaard and Jan C. van Ours

4091: Elections and Market Provision of Information

Christian Bruns

4090: 'By a Silken Thread': Regional Banking Integration and Pathways to Financial Development in Japan's Great Recession

Mathias Hoffmann and Toshihiro Okubo

4089: Cross-Border Loss Offset Can Fuel Tax Competition

Andreas Haufler and Mohammed Mardan

4088: Do Entrepreneurs Matter?

Sascha Becker, Hans Hvide and Sascha O. Becker

4087: Tradable Immigration Quotas

Jesús Fernández-Huertas Moraga and Hillel Rapoport

4086: Austerity, Growth and Inflation. Remarks on the Eurozone's Unresolved Competitiveness Problem

Hans-Werner Sinn

4085: Downtown Curbside Parking Capacity

Richard Arnott, Eren Inci and John Rowse

4084: How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?

Holger Herz, Daniel Schunk and Christian Zehnder

4083: Offshoring Domestic Jobs

Hartmut Egger, Udo Kreickemeier and Jens Wrona

4082: The Impact of Market Regulations on Intra-European Real Exchange Rates

Agnès Benassy-Quere and Dramane Coulibaly

4081: Education and Industrialization in Prussia: A Reassessment

Jeremy Edwards

4080: Portability of Social Benefits and International Trade in Services: Some Reflections

Salvador Valdés

4079: Unemployment and Endogenous Reallocation over the Business Cycle

Carlos Carrillo-Tudela and Ludo Visschers

4078: Wages and Recruitment: Evidence from External Wage Changes

Torberg Falch

4077: Relative Consumption and Tax Evasion

Laszlo Goerke

4076: Reforming an Asymmetric Union: On the Virtues of Dual Tier Capital Taxation

Andreas Haufler and Christoph Lülfesmann

4075: Creative Destruction and Productive Preemption

Pehr-Johan Norbäck, Lars Persson and Roger Svensson

4074: Generalized Propensity Scores for Multiple Continuous Treatment Variables

Peter Egger and Maximilian von Ehrlich

4073: Hospital Competition with Soft Budgets

Kurt Brekke, Luigi Siciliani and Odd Rune Straume

4072: Asset Pricing with Uncertain Betas: A Long-Term Perspective

Christian Gollier

4071: Hanging Together or Being Hung Separately: The Strategic Power of Coalitions where Bargaining Occurs with Incomplete Information

Kai Konrad and Thomas R. Cusack

4070: Risk-Taking-Neutral Background Risk

Günter Franke, Harris Schlesinger and Richard C. Stapleton

4069: Can't Buy Mommy's Love? Universal Childcare and Children's Long-Term Cognitive Development

Christina Felfe, Natalia Nollenberger and Núria Rodriguez-Planas

4068: Use and Abuse of Authority - A Behavioral Foundation of the Employment Relation

Björn Bartling, Ernst Fehr and Klaus Schmidt

4067: The New Stylized Facts about Income and Subjective Well-Being

Daniel Sacks, Betsey Stevenson and Justin Wolfers

4066: Measuring Strategic Firm Interaction in Product-Quality Choices: The Case of Airline Flight Frequency

Jan Brueckner and Dan Luo

4065: To Work or not to Work? The Effect of Child-Care Subsidies on the Labour Supply of Parents

Tuomas Kosonen

4064: Absenteeism, Unemployment and Employment Protection Legislation: Evidence from Italy

Vincenzo Scoppa and Daniela Vuri

4063: Regional Implications of Financial Market Development: Credit Rationing, Trade, and Location

Maximilian von Ehrlich and Tobias Seidel

4062: Trade and the Political Economy of Redistribution

Gonzague Vannoorenberghe and Eckhard Janeba

4061: Incumbent Effects and Partisan Alignment in Local Elections: A Regression Discontinuity Analysis Using Italian Data

Emanuele Bracco, Francesco Porcelli and Michela Redoano

4060: Market Segmentation in Two-Sided Markets: TV Rights for Premier League

Hans Jarle Kind and Lars Sørgard

4059: The Fatter the Tail, the Fatter the Climate Agreement - Simulating the Influence of Fat Tails in Climate Change Damages on the Success of International Climate Negotiations

Thijs Dekker, Rob Dellink and Janina Ketterer

4058: Learning Abatement Costs: On the Dynamics of Optimal Regulation of Experience Goods

Beat Hintermann and Andreas Lange

4057: Peer Effects in Risk Taking

Amrei M. Lahno and Marta Serra-Garcia

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 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