CESifo Working Paper Series

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3456: A Fragile Eurozone in Search of a Better Governance

Paul De Grauwe

3455: Fertility, Female Labor Supply, and Family Policy

Hans Fehr and Daniela Ujhelyiova

3454: Does Conditionality Work? A Test for an Innovative US Aid Scheme

Hannes Öhler, Peter Nunnenkamp and Axel Dreher

3453: Has the EMU Reduced Wage Growth and Unemployment? Testing a Model of Trade Union Behaviour

Heiner Mikosch and Jan-Egbert Sturm

3452: Social Long Term Care Insurance and Redistribution

Helmuth Cremer and Pierre Pestieau

3451: Happiness as a Driver of Risk-Avoiding Behavior

Robert J. B. Goudie, Sach Mukherjee, Jan-Emmanuel De Neve, Andrew Oswald and Stephen Wu

3450: Asymmetric Obligations

Nadine Riedel and Hannah Schildberg-Hörisch

3449: China and its Dollar Exchange Rate: A Worldwide Stabilizing Influence?

Ronald McKinnon and Gunther Schnabl

3448: Racial/Ethnic and Education-Related Disparities in Control of Risk Factors for Cardiovascular Disease among Diabetics

Pinka Chatterji, Heesoo Joo and Kajal Lahiri

3447: Beyond the DSGE Straitjacket

Mohammad Pesaran and Ronald Smith

3446: Lobbying for Education in a Two-sector Model

Debora Di Gioacchino and Paola Profeta

3445: Market Effects of Voluntary Climate Action by Firms: Evidence from the Chicago Climate Exchange

Will Gans and Beat Hintermann

3444: Time-consistent Fiscal Policy under Heterogeneity: Conflicting or Common Interests?

Konstantinos Angelopoulos, Jim Malley and Apostolis Philippopoulos

3443: Econometric Estimates of Deterrence of the Death Penalty: Facts or Ideology?

Gebhard Kirchgässner

3442: Intra-Household Work Timing: The Effect on Joint Activities and the Demand for Child Care

Chris Klaveren, Henriette Maassen van den Brink, Bernard M.S. Van Praag and Bernard M.S. van Praag

3441: Does Pharmaceutical Price Regulation Affect the Adoption of Generic Competition? Evidence from the OECD, 1999-2008

Joan Costa-i-Font, Alistair McGuire and Nebibe Varol

3440: The Impact of Creditor Protection on Stock Prices in the Presence of Credit Crunches

Galina Hale, Assaf Razin and Hui Tong

3439: Do Cost-sharing and Entry Deregulation Curb Pharmaceutical Innovation?

Volker Grossmann

3438: What Lessons for Economic Development Can We Draw from the Champagne Fairs?

Jeremy Edwards and Sheilagh Ogilvie

3437: Tax Rate Harmonization, Renegotiation and Asymmetric Tax Competition for Profits with Repeated Interaction

Wolfgang Eggert and Jun-ichi Itaya

3436: Shutting the Stable Door after the Horse Has Bolted? On Educational Risk and the Quality of Education

Dirk Schindler and Benjamin Weigert

3435: Growth, Expectations, and Tariffs

Seppo Honkapohja, Arja H. Turunen-Red and Alan Woodland

3434: How Prediction Markets can Save Event Studies

Erik Snowberg, Justin Wolfers and Eric Zitzewitz

3433: What are the Effects of Tax Changes in the United Kingdom? New Evidence from a Narrative Evaluation

James Cloyne

3432: Political versus Economic Institutions in the Growth Process

Emmanuel Flachaire, Cecilia García-Peòalosa and Maty Konte

3431: Numerical Solution of Dynamic Equilibrium Models under Poisson Uncertainty

Olaf Posch and Timo Trimborn

3430: Does Parental Education Affect Fertility? Evidence from Pre-Demographic Transition Prussia

Sascha Becker, Francesco Cinnirella, Ludger Woessmann and Sascha O. Becker

3429: Guest-Worker Migration, Human Capital and Fertility

Leonid Azarnert

3428: Community Enterprises - An Institutional Innovation

Bruno Frey, Roger Lüthi and Margit Osterloh

3427: Welfare-optimal Status Planning of Minority Languages: An Economic Approach

Bengt-Arne Wickström

3426: The Effect of Agglomeration Size on Local Taxes

Eva Luthi and Kurt Schmidheiny

3425: Selection Biases in Complementary R&D Projects

Jay Choi and Heiko Gerlach

3424: Contingent Trade Policy and Economic Efficiency

Phillip McCalman, Frank Stähler and Gerald Willmann

3423: On Identification of Bayesian DSGE Models

Gary Koop, Mohammad Pesaran and Ronald Smith

3422: Learning or Lock-in: Optimal Technology Policies to Support Mitigation

Matthias Kalkuhl, Ottmar Edenhofer and Kai Lessmann

3421: Competition for the International Pool of Talent: Education Policy and Student Mobility

Alexander Haupt, Tim Krieger and Thomas Lange

3420: The Euro/Dollar Exchange Rate: Chaotic or Non-Chaotic?

Daniela Federici and Giancarlo Gandolfo

3419: Volunteering and the Strategic Value of Ignorance

Florian Morath

3418: The Dependence Structure between Carbon Emission Allowances and Financial Markets - A Copula Analysis

Marc Gronwald, Janina Ketterer and Stefan Trück

3417: Workers of the World, Unite! Franchise Extensions and the Threat of Revolution in Europe, 1820-1938

Toke Aidt and Peter Jensen

3416: Fractional Integration and Cointegration in US Financial Time Series Data

Guglielmo Maria Caporale and Luis Gil-Alana

3415: Student and Worker Mobility under University and Government Competition

Matthieu Delpierre and Bertrand Verheyden

3414: Towards a Theory of Trade Finance

Tim Schmidt-Eisenlohr

3413: Measuring the Integration of Staple Food Markets in Sub-Saharan Africa: Heterogeneous Infrastructure and Cross Border Trade in the East African Community

Rico Ihle, Stephan von Cramon-Taubadel and Sergiy Zorya

3412: A Game-Theoretic Foundation for the Wilson Equilibrium in Competitive Insurance Markets with Adverse Selection

Wanda Mimra and Achim Wambach

3411: Sovereign Rating News and Financial Markets Spillovers: Evidence from the European Debt Crisis

Rabah Arezki, Bertrand Candelon and Amadou Sy

3410: Loans, Insurance and Failures in the Credit Market for Students

Elena Del Rey and Bertrand Verheyden

3409: External Monetary Shocks and Monetary Integration: Evidence from the Bulgarian Currency Board

Alexandru Minea and Christophe Rault

3408: Tax Evasion, Welfare Fraud, and "The Broken Windows" Effect: An Experiment in Belgium, France and the Netherlands

Mathieu Lefebvre, Pierre Pestieau, Arno Riedl and Marie Claire Villeval

3407: International Trade, Union Wage Premia, and Welfare in General Equilibrium

Udo Kreickemeier and Frode Meland

3406: Great Expectations: The Determinants of Female University Enrolment in Europe

Alessandra Casarico, Paola Profeta and Chiara Pronzato

3405: Distributive Politics and Electoral Incentives: Evidence from Seven US State Legislatures

Toke Aidt and Julia Shvets

3404: Climate Effects of Carbon Taxes, Taking into Account Possible Other Future Climate Measures

Florian Habermacher and Gebhard Kirchgässner

3403: Distributional Consequences of Labor-demand Shocks: The 2008-09 Recession in Germany

Olivier Bargain, Herwig Immervoll, Andreas Peichl and Sebastian Siegloch

3402: An Elementary Theory of Global Supply Chains

Arnaud Costinot, Jonathan Vogel and Su Wang

3401: Moonlighting Production, Tax Rates and Capital Subsidies

Francesco Busato, Bruno Chiarini and Elisabetta Marzano

3400: Capital Structure Choice and Company Taxation: A Meta-Study

Lars Feld, Jost Heckemeyer and Michael Overesch

3399: Pollution Permits, Strategic Trading and Dynamic Technology Adoption

Santiago Moreno-Bromberg and Luca Taschini

3398: Fiscal Policy and Dutch Disease

Frederick (Rick) van der Ploeg

3397: Determinants of Human Development: Capturing the Role of Institutions

Michael Binder and Georgios Georgiadis

3396: The Role of Political Institutions for the Effectiveness of Central Bank Independence

Kai Hielscher and Gunther Markwardt

3395: Loan Supply Shocks during the Financial Crisis: Evidence for the Euro Area

Nikolay Hristov, Oliver Hülsewig and Timo Wollmershäuser

3394: Smooth Multibidding Mechanisms

David Perez-Castrillo and Nicolas Querou

3393: The Supply Side of CO2 with Country Heterogeneity

Michael Hoel

3392: The Empire is Dead, Long Live the Empire! Long-Run Persistence of Trust and Corruption in the Bureaucracy

Sascha Becker, Katrin Boeckh, Christa Hainz, Ludger Woessmann and Sascha O. Becker

3391: Asset Returns, the Business Cycle, and the Labor Market: A Sensitivity Analysis for the German Economy

Burkhard Heer and Alfred Maussner

3390: Expectations, Liquidity, and Short-term Trading

Giovanni Cespa and Xavier Vives

3389: Trust in Public Institutions over the Business Cycle

Betsey Stevenson and Justin Wolfers

3388: Survival of New Firms in the Brazilian Franchising Segment: An Empirical Study

Luis Otávio Facanha, Marcelo Resende, Vicente Cardoso and Bruno H. Schröder

3387: Gravity Estimation of the Intensive and Extensive Margins of Trade: An Alternative Procedure with Alternative Data

Harry Flam and Hakan Nordström

3386: The Euro Changeover and Price Adjustments in Italy

Guglielmo Maria Caporale, Alessandro Girardi and Marco Ventura

3385: Who is Afraid of School Choice?

Andrea Diem and Stefan Wolter

3384: Bank Bailouts, International Linkages and Cooperation

Friederike Niepmann and Tim Schmidt-Eisenlohr

3383: Demographic, Residential, and Socioeconomic Effects on the Distribution of 19th Century White Body Mass Index Values

Scott A. Carson

3382: What Should Fiscal Councils Do?

Lars Calmfors and Simon Wren-Lewis

3381: Sensitivity of Matching-Based Program Evaluations to the Availability of Control Variables

Michael Lechner and Conny Wunsch

3380: Ownership and Control in a Competitive Industry

Heiko Karle, Tobias Klein and Konrad O. Stahl

3379: Negative Leakage

Don Fullerton, Dan Karney and Kathy Baylis

3378: Finite-Population "Mass-Action" and Evolutionary Stability

Axel Bernergard and Karl Wärneryd

3377: Explaining the Spatial Variation in Homeownership Rates: Results for German Regions

Oliver Lerbs and Christian Oberst

3376: The Spread of Anti-Trafficking Policies - Evidence from a New Index

Seo-Young Cho, Axel Dreher and Eric Neumayer

3375: In Search for Yield? New Survey-Based Evidence on Bank Risk Taking

Claudia Buch, Sandra Eickmeier and Esteban Prieto

3374: Matching as a Cure for Underprovision of Voluntary Public Good Supply: Analysis and an Example

Wolfgang Buchholz, Richard Cornes and Dirk Rübbelke

3373: Competition between State Universities

Lisa Grazzini, Annalisa Luporini and Alessandro Petretto

3372: Monetary Policy Analysis in Real-Time. Vintage Combination from a Real-Time Dataset

Carlo Altavilla and Matteo Ciccarelli

3371: Houses and/or Jobs: Ownership and the Labour Market in Belgian Districts

Daan Isebaert, Freddy Heylen and Carine Smolders

3370: Part-Time Unemployment and Optimal Unemployment Insurance

Susanne Ek and Bertil Holmlund

3369: Does Political Knowledge Increase Support for Europe? A Cross Country Investigation of the Attitudes of European Citizens

Floriana Cerniglia and Laura Pagani

3368: Assessing the Distributional Effects of Housing Taxation in Italy: From the Actual Tax Code to Imputed Rent

Simone Pellegrino, Massimiliano Piacenza and Gilberto Turati

3367: The Role of Independent Fiscal Policy Institutions

Lars Calmfors

3366: Taxing Human Capital Efficiently when Qualified Labour is Mobile

Wolfram Richter and Lars Kunze

3365: Who Should Pay for Certification?

Konrad O. Stahl and Roland Strausz

3364: The Application of the Capability Approach to High-Income OECD Countries: A Preliminary Survey

Jürgen Volkert and Friedrich Schneider

3363: Asymmetric Taxation and Performance-Based Incentive Contracts

Rainer Niemann

3362: Technological Determinants of the Group-Size Paradox

Martin Kolmar and Hendrik Rommeswinkel

3361: The Development of Egalitarianism, Altruism, Spite and Parochialism in Childhood and Adolescence

Ernst Fehr, Daniela Glätzle-Rützler and Matthias Sutter

3360: Implementation of Communication Equilibria by Correlated Cheap Talk: The Two-Player Case

Péter Vida and Francoise Forges

3359: Sorting and the Output Loss due to Search Frictions

Pieter Gautier and C. N. Teulings

3358: Competition and Trust: Evidence from German Car Manufacturers

Leonardo Felli, Johannes Koenen and Konrad O. Stahl

3357: How Strongly Did the 2007/08 Oil Price Hike Contribute to the Subsequent Recession?

Kai Carstensen, Steffen Elstner and Georg Paula