CESifo Working Paper Series

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3661: Kyoto and Carbon Leakage: An Empirical Analysis of the Carbon Content of Bilateral Trade

Rahel Aichele, Gabriel Felbermayr and Gabriel J. Felbermayr

3660: Monitoring, Sanctions and Front-Loading of Job Search in a Non-Stationary Model

Bart Cockx, Muriel Dejemeppe, Andrey Launov and Bruno Van der Linden

3659: General Equilibrium with Multi-Member Households and Production

Hans Gersbach and Hans Haller

3658: Team or Individual: What Determines Workers' Preferred Bonus Schemes?

Gaute Torsvik

3657: The Economics of Pending Patents

Johannes Koenen and Martin Peitz

3656: Commodity Windfalls, Polarization, and Net Foreign Assets: Panel Data Evidence on the Voracity Effect

Rabah Arezki and Markus Brückner

3655: Household Relational Contracts for Marriage, Fertility and Divorce

Matthias Fahn and Ray Rees

3654: Optimal Income Taxation with Uncertain Earnings: A Synthesis

Robin Boadway and Motohiro Sato

3653: Persistence and Cyclical Dependence in the Monthly Euribor Rate

Guglielmo Maria Caporale and Luis Gil-Alana

3652: The Changing Macroeconomic Response to Stock Market Volatility Shocks

Roel Beetsma and Massimo Giuliodori

3651: The Macroeconomics of TANSTAAFL

Volker Grossmann, Thomas Steger and Timo Trimborn

3650: Euro Area SMEs under Financial Constraints: Belief or Reality?

Concha Artola and Veronique Genre

3649: The Monopolistic Polluter under Environmental Liability Law: Incentives for Abatement and R&D

Alfred Endres and Tim Friehe

3648: Does School Autonomy Make Sense Everywhere? Panel Estimates from PISA

Eric Hanushek, Susanne Link and Ludger Woessmann

3647: The Cash-In-Advance Constraint in Monetary Growth Models

Burkhard Heer and Alfred Maussner

3646: An Economic Theory of Switzerland

Charles Blankart

3645: Sources of Real Exchange Rate Volatility and International Financial Integration: A Dynamic GMM Panel Approach

Guglielmo Maria Caporale, Thouraya Hadj Amor and Christophe Rault

3644: A Characterization of Oil Price Behavior - Evidence from Jump Models

Marc Gronwald

3643: A Probability Approach to Pharmaceutical Demand and Price Setting: Does the Identity of the Third-Party Payer Matters for Prescribing Doctors?

Dag Morten Dalen, Marilena Locatelli, Enrico Sorisio and Steinar Strøm

3642: Revisiting the OLI Paradigm: The Institutions, the State, and China's OFDI

Hao Liang, Bing Ren and Haikun Zhu

3641: Was Bernanke Right? Targeting Asset Prices may not be a Good Idea after all

Tiziana Assenza, Michele Berardi and Domenico Delli Gatti

3640: Risk Sharing in Defined-Contribution Funded Pension Systems

Roel Beetsma and Alessandro Bucciol

3639: Did the Japanese Patient Follow the Doctor's Orders? Mostly no! A Public Choice Analysis of Greenhouse Gas Emissions Trading Schemes in Japan before and after the Earthquake

Sven Rudolph and Friedrich Schneider

3638: A Decade of Editing the European Economic Review

Zvi Eckstein, Esther Gal-Or, Thorvaldur Gylfason, Juergen von Hagen and Gerard Pfann

3637: Worker Characteristics and Wage Differentials: Evidence from a Gift-Exchange Experiment

Florian Englmaier, Sebastian Strasser and Joachim Winter

3636: Should Pensions be Progressive? Yes, at least in Germany!

Hans Fehr, Manuel Kallweit and Fabian Kindermann

3635: Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Matthias Sutter, Martin Kocher, Daniela Glätzle-Rützler and Stefan Trautmann

3634: A Model of Trade with Ricardian Comparative Advantage and Intra-sectoral Firm Heterogeneity

Haichao Fan, Edwin Lai and Han Steffan Qi

3633: The Welfare Effects of Health-based Food Tax Policy

Kaisa Kotakorpi, Tommi Härkänen, Pirjo Pietinen, Heli Reinivuo, Ilpo Suoniemi and Jukka Pirttilä

3632: Evaluating Real World Income Distributions behind the Veil of Ignorance - How Risk Averse do you have to be to Prefer Europe over the US?

Alfons J. Weichenrieder, Tasneem Zafar and Alfons Weichenrieder

3631: Why Foreign Ownership May be Good for You

Hartmut Egger and Udo Kreickemeier

3630: Pollution, Shadow Economy and Corruption: Theory and Evidence

Amit K. Biswas, Mohammad Reza Farzanegan and Marcel Thum

3629: Sports and Child Development

Christina Felfe, Michael Lechner and Andreas Steinmayr

3628: Reducing Tariffs according to WTO Accession Rules: The Case of Vietnam

Henrik Barslund Fosse and Pascalis Raimondos

3627: Taxing Expats. Instrumental versus Expressive Voting Compared

Charles Blankart and Simon Margraf

3626: Structural Change, Urban Congestion, and the End of Growth

Volker Grossmann

3625: Labor Demand During the Crisis: What Happened in Germany?

Olga Bohachova, Bernhard Boockmann and Claudia Buch

3624: Genetic Contamination of Traditional Products

E. Kwan Choi

3623: Tacit Collusion under Imperfect Monitoring in the Canadian Manufacturing Industry: An Empirical Study

Marcelo Resende and Rodrigo Zeidan

3622: Spatial Inequality and Development - Is there an Inverted-U Relationship?

Christian Lessmann

3621: Are Stock and Housing Returns Complements or Substitutes? Evidence from OECD Countries

Guglielmo Maria Caporale and Ricardo Sousa

3620: A Journey from a Corruption Port to a Tax Haven

Shafik Hebous and Vilen Lipatov

3619: Commodity Price Volatility, Democracy and Economic Growth

Rabah Arezki and Thorvaldur Gylfason

3618: How Trade Unions Increase Welfare

Alejandro Donado and Klaus Wälde

3617: Do Mobile Pensioners Threaten the Deferred Taxation of Savings?

Volker Meier and Andreas Wagener

3616: Gravity Redux: Measuring International Trade Costs with Panel Data

Dennis Novy

3615: The Influence of Chinese Trade Policy on Automobile Assembly and Parts

Deborah Swenson

3614: General Education, Vocational Education, and Labor-Market Outcomes over the Life-Cycle

Eric Hanushek, Ludger Woessmann and Lei Zhang

3613: Knowledge is Power - A Theory of Information, Income, and Welfare Spending

Jo Lind and Dominic Rohner

3612: Free-Riding in the Lab and in the Field

Florian Englmaier and Georg Gebhardt

3611: Product and Labor Market Deregulation in Unionized Oligopoly with Asymmetric Countries

Hartmut Egger and Frode Meland

3610: The Signalling Channel of Central Bank Interventions: Modelling the Yen / US Dollar Exchange Rate

Yu-Fu Chen, Michael Funke and Nicole Glanemann

3609: Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Mohammad Pesaran and TengTeng Xu

3608: Depletion and Development: Natural Resource Supply with Endogenous Field Opening

Anthony Venables

3607: Reciprocity, World Prices and Welfare

Pascalis Raimondos and Alan Woodland

3606: Public Funding of Higher Education

Jean-Marie Viaene and Itzhak Zilcha

3605: Pension-Induced Rigidities in the Labor Market for School Leaders

Cory Koedel, Jason A. Grissom, Shawn Ni and Michael Podgursky

3604: Sovereign Defaults: The Price of Haircuts

Juan J. Cruces and Christoph Trebesch

3603: Landownership Concentration and the Expansion of Education

Francesco Cinnirella and Erik Hornung

3602: Monthly GDP Estimates for Inter-War Britain

James Mitchell, Solomos Solomou and Martin Weale

3601: Consumption, Wealth, Stock and Housing Returns: Evidence from Emerging Markets

Guglielmo Maria Caporale and Ricardo Sousa

3600: The Distributional Consequences of Tax Reforms under Market Distortions

Konstantinos Angelopoulos, Wei Jiang and Jim Malley

3599: How Far Away is an Intangible? Services FDI and Distance

Ronald Davies and Amélie Guillin

3598: Modeling Two Macro Policy Instruments - Interest Rates and Aggregate Capital Requirements

Hans Gersbach and Volker Hahn

3597: Capacity Constraining Labor Market Frictions in a Global Economy

Christian Holzner and Mario Larch

3596: Tax Rate and Tax Base Competition for Foreign Direct Investment

Peter Egger and Horst Raff

3595: Firms' Moral Hazard in Sickness Absences

René Böheim and Thomas Leoni

3594: Debt Sustainability and Financial Crises: Evidence from the GIIPS

Gabriella Legrenzi and Costas Milas

3593: Airline Alliances, Carve-Outs and Collusion

Jan Brueckner and Pierre Picard

3592: Academic Performance and Single-Sex Schooling: Evidence from a Natural Experiment in Switzerland

Gerald Eisenkopf, Zohal Hessami, Urs Fischbacher and Heinrich Ursprung

3591: International Climate Agreements, Cost Reductions and Convergence of Partisan Politics

Patrick Laurency and Dirk Schindler

3590: Energy Consumption and Economic Growth Revisited in African Countries

Jude Eggoh, Chrysost Bangaké and Christophe Rault

3589: Macroeconomic Effects of Unconventional Monetary Policy in the Euro Area

Gert Peersman

3588: Competition in Funding Higher Education

Bernhard Eckwert and Itzhak Zilcha

3587: Money at the Docks of Tax Havens: A Guide

Shafik Hebous

3586: Testing the General Validity of the Heckscher-Ohlin Theorem: The Natural Experiment of Japan

Daniel Bernhofen and John C. Brown

3585: Collateral and its Substitutes in Emerging Markets' Lending

Lukas Menkhoff, Doris Neuberger and Ornsiri Rungruxsirivorn

3584: The Collapse Speed of China's Exports in the 2008-2009 Financial Crisis

Ran Jing

3583: Credit Derivatives and the Default Risk of Large Complex Financial Institutions

Giovanni Calice, Christos Ioannidis and Julian Williams

3582: Newspaper Differentiation and Investments in Journalism: The Role of Tax Policy

Hans Jarle Kind, Guttorm Schjelderup and Frank Stähler

3581: Rogue Aid? The Determinants of China's Aid Allocation

Axel Dreher and Andreas Fuchs

3580: Total Instructional Time Exposure and Student Achievement: An Extreme Bounds Analysis Based on German State-Level Variation

Philipp Mandel and Bernd Süssmuth

3579: Does China Still Have a Labor Cost Advantage?

Janet Ceglowski and Stephen Golub

3578: A Complete and Strongly Anonymous Leximin Relation on Infinite Streams

Geir Asheim and Stéphane Zuber

3577: Exchange Rate Dynamics under Alternative Optimal Interest Rate Rules

Mahir Binici and Yin-Wong Cheung

3576: Spillover Effects of Minimum Wages: Theory and Experimental Evidence

Marcus Dittrich, Andreas Knabe and Kristina Leipold

3575: Resource Rents, Democracy and Corruption: Evidence from Sub-Saharan Africa

Rabah Arezki and Thorvaldur Gylfason

3574: Electoral Competition as a Determinant of Fiscal Decentralization

Mario Jametti and Marcelin Joanis

3573: National Representation in Multinational Institutions: The Case of the European Central Bank

Harald Badinger and Volker Nitsch

3572: The Dynamics of Income-related Health Inequality among US Children

Pinka Chatterji, Kajal Lahiri and Jingya Song

3571: Trade, Trust and Institutions

Shu Yu, Jakob de Haan, Sjoerd Beugelsdijk and Jakob de Haan

3570: Public Investment and Re-election Prospects in Developed Countries

Margarita Katsimi and Vassilis Sarantides

3569: The European Central Bank: Lender of Last Resort in the Government Bond Markets?

Paul De Grauwe

3568: Regional Inequality and Decentralization - An Empirical Analysis

Christian Lessmann

3567: Productivity Shocks and Aggregate Fluctuations in an Estimated Endogenous Growth Model with Human Capital

Jim Malley and Ulrich Woitek

3566: Economic Integration and the Optimal Corporate Tax Structure with Heterogeneous Firms

Christian Bauer, Ronald Davies and Andreas Haufler

3565: Scarring Effects of Remaining Unemployed for Long-Term Unemployed School-Leavers

Bart Cockx and Matteo Picchio

3564: Lisbon Agenda, Regional Innovation System and the New EU Cohesion Policy

Chang Woon Nam, Alina Schoenberg and Georg Wamser

3563: Climate Policy under Sustainable Discounted Utilitarianism

Simon Dietz and Geir Asheim

3562: Wage Dispersion and Labor Turnover with Adverse Selection

Carlos Carrillo-Tudela and Leo Kaas