CESifo Working Paper Series

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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

3356: The Elasticity of Trade: Estimates and Evidence

Ina Simonovska and Michael Waugh

3355: Tax Policy and Employment: How Does the Swedish System Fare?

Jukka Pirttilä and Håkan Selin

3354: Robust Growth Determinants

Gernot Doppelhofer and Melvyn Weeks

3353: Natural Resource Endowment: A Mixed Blessing?

Thorvaldur Gylfason

3352: Ageing, Government Budgets, Retirement, and Growth

Martin Gonzalez-Eiras and Dirk Niepelt

3351: Emotions in Litigation Contests

Florian Baumann and Tim Friehe

3350: Persistence of Politicians and Firms' Innovation

Giorgio Bellettini, Carlotta Berti Ceroni and Giovanni Prarolo

3349: Investment in Relationship-Specific Assets: Does Finance Matter?

Martin Strieborny and Madina Kukenova

3348: The Diversity of Debt Crises in Europe

Jerome Stein

3347: The Importance of the Electoral Rule: Evidence from Italy

Massimo Bordignon and Andrea Monticini

3346: Aggregation in Large Dynamic Panels

Mohammad Pesaran and Alexander Chudik

3345: The Consequences of Being Different - Statistical Discrimination and the School-to-Work Transition

Barbara Mueller and Stefan Wolter

3344: Central Bank Independence and Conservatism under Uncertainty: Substitutes or Complements?

Carsten Hefeker and Blandine Zimmer

3343: Intergenerational Transmission of Skills during Childhood and Optimal Public Policy

Alessandra Casarico, Luca Micheletto and Alessandro Sommacal

3342: Pigou Meets Mirrlees: On the Irrelevance of Tax Distortions for the Second-Best Pigouvian Tax

Bas Jacobs and Ruud de Mooij

3341: Globalization, Gender and Development: The Effect of Parental Labor Supply on Child Schooling

Beyza Ural Marchand, Ray Rees and Raymond Riezman

3340: Europe Agreements and Trade Balance: Evidence from Four New EU Members

Guglielmo Maria Caporale, Christophe Rault, Robert Sova and Anamaria Sova

3339: Commodity Tax Structure under Uncertainty in a Perfectly Competitive Market

Laszlo Goerke

3338: Demographic, Residential, and Socioeconomic Effects on the Distribution of 19th Century African-American Body Mass Index Values

Scott A. Carson

3337: Adieu Rabenmutter - The Effect of Culture on Fertility, Female Labour Supply, the Gender Wage Gap and Childcare

Rainald Borck

3336: Efficient Firm Dynamics in a Frictional Labor Market

Leo Kaas and Philipp Kircher

3335: The Positive Border Effect of EU Integration

Steven Brakman, Harry Garretsen, Charles Marrewijk and Abdella Oumer

3334: Optimal Carbon Tax with a Dirty Backstop - Oil, Coal, or Renewables?

Frederick (Rick) van der Ploeg and Cees Withagen

3333: Dissecting Network Externalities in International Migration

Michel Beine, Frédéric Docquier and Caglar Özden

3332: Voting in Corporate Boards with Heterogeneous Preferences

Paolo Balduzzi, Clara Graziano and Annalisa Luporini

3331: Effects of Adult Education Vouchers on the Labor Market: Evidence from a Randomized Field Experiment

Guido Schwerdt, Dolores Messer, Ludger Woessmann and Stefan Wolter

3330: Public Investment as Commitment

Reyer Gerlagh and Matti Liski

3329: Strategic Nonlinear Income Tax Competition with Perfect Labor Mobility

Felix Bierbrauer, Craig Brett and John Weymark

3328: Free-riding or Internalizing? An Opportunistic View on Decentralization versus Centralization

Fabio Fiorillo and Agnese Sacchi

3327: Information Markets, Elections and Contracts

Hans Gersbach and Markus Müller

3326: Shall we Keep the Highly Skilled at Home? The Optimal Income Tax Perspective

Laurent Simula and Alain Trannoy

3325: Ethnic Diversity and Preferences for Redistribution

Matz Dahlberg, Karin Edmark and Heléne Lundqvist

3324: Optimal Income Taxation with Endogenous Participation and Search Unemployment

Etienne Lehmann, Alexis Parmentier and Bruno Van der Linden

3323: Beyond Condorcet: Optimal Aggregation Rules Using Voting Records

Eyal Baharad, Jacob Goldberger, Moshe Koppel and Shmuel Nitzan

3322: Corporate Governance Reforms, Interlocking Directorship Networks and Company Value in Italy (1998-2007)

Carlo Drago, Francesco Millo, Roberto Ricciuti and Paolo Santella

3321: The Impact of Financial Market Frictions on Trade Flows, Capital Flows and Economic Development

Spiros Bougheas and Rodney Falvey

3320: Adaptation, Mitigation and Risk-Taking in Climate Policy

Heike Auerswald, Kai Konrad and Marcel Thum

3319: Exports, Investment and Firm-Level Sales Volatility

Alejandro Riaño

3318: An Empirical Inquiry into the Nature of Welfarism

J. Atsu Amegashie and Bazoumana Ouattara

3317: Applications and Interviews - A Structural Analysis of Two-Sided Simultaneous Search

Ronald Wolthoff

3316: Optimal Compulsion when Behavioral Biases Vary and the State Errs

Salvador Valdés and Ursula Schwarzhaupt

3315: Does the Indexing of Government Transfers Make Carbon Pricing Progressive?

Don Fullerton, Garth Heutel and Gilbert Metcalf

3314: Protestantism and Education: Reading (the Bible) and other Skills

Timo Boppart, Josef Falkinger and Volker Grossmann

3313: Schools, Ability, and the Socioeconomic Gradient in Education Choices

Torberg Falch and Bjarne Strøm

3312: Growth and Volatility of Tax Revenues in Latin America

Hans Fricke and Bernd Süssmuth

3311: Log-Normal Approximation of the Equity Premium in the Production Model

Burkhard Heer and Alfred Maussner

3310: The Right Look: Conservative Politicians Look Better and their Voters Reward it

Niclas Berggren, Henrik Jordahl and Panu Poutvaara

3309: The Extensive Margin of Exporting Products: A Firm-level Analysis

Costas Arkolakis and Marc-Andreas Muendler

3308: Optimal Redistributive Taxation with both Extensive and Intensive Responses

Laurence Jacquet, Etienne Lehmann and Bruno Van der Linden

3307: Announcing Climate Policy: Can a Green Paradox Arise without Scarcity?

Sjak Smulders, Yacov Tsur and Amos Zemel

3306: Cross-Country Differences in the Effects of Oil Shocks

Gert Peersman and Ine Van Robays

3305: Differentiating Indexation in Dutch Pension Funds

Roel Beetsma and Alessandro Bucciol

3304: The Spatial Organization of Multinational Firms

Fabrice Defever

3303: The Impact of Fiscal Rules on Public Finances: Theory and Empirical Evidence for the Euro Area

Wim Marneffe, Bas van Aarle, Wouter van der Wielen and Lode Vereeck

3302: Brothers in Arms - An Experiment on the Alliance Puzzle

Changxia Ke, Kai Konrad and Florian Morath

3301: Limited Liability, Asymmetric Taxation, and Risk Taking - Why Partial Tax Neutralities can be Harmful

Ralf Ewert and Rainer Niemann

3300: Gender Unemployment Catching-up: Empirical Evidence from Italian Regions

Marianna Belloc and Riccardo Tilli

3299: Six Distributional Effects of Environmental Policy

Don Fullerton

3298: Go Divisive or Not? How Political Campaigns Affect Turnout

Caterina Gennaioli

3297: Fiscal Adjustment and the Costs of Public Debt Service: Evidence from OECD Countries

Christoph Schaltegger and Martin Weder

3296: Financing Conditions, the Concept of Innovation Capacity and the Innovative Activity of Firms

Georg Paula

3295: One-Sided Private Provision of Public Goods with Implicit Lindahl Pricing

Volker Meier

3294: Political Competition and Mirrleesian Income Taxation: A First Pass

Felix J. Bierbrauer and Pierre Boyer

3293: Booms and Busts: New Keynesian and Behavioral Explanations

Paul De Grauwe

3292: Managerial versus Production Wages: Offshoring, Country Size and Endowments

Sebastian Benz and Wilhelm Kohler

3291: Time Variation in U.S. Wage Dynamics

Boris Hofmann, Gert Peersman and Roland Straub

3290: Does Public Governance always Matter? How Experience of Poor Institutional Quality Influences FDI to the South

Julia Darby, Rodolphe Desbordes and Ian Wooton

3289: The Deepening China Brazil Economic Relationship

John Whalley and Dana Medianu

3288: A Quantile Approach to the Relationship between Body Mass, Wealth, and Inequality

Scott A. Carson

3287: Directed Generosity and Network Formation: Network Dimension Matters

Ben D'Exelle and Arno Riedl

3286: Behind the Scenes of the Telecommunications Miracle: An Empirical Analysis of the Indian Market

Sara Biancini

3285: The Contest Winner: Gifted or Venturesome?

Marco Sahm

3284: Cutting Costs of Catching Carbon - Intertemporal Effects under Imperfect Climate Policy

Michael Hoel and Svenn Jensen

3283: Financial Development and Sectoral Output Growth in 19th Century Germany

Katharina Diekmann and Frank Westermann

3282: Skilled Worker Migration and Trade: Inequality and Welfare

Spiros Bougheas and Doug Nelson

3281: Quoted Spreads and Trade Imbalance Dynamics in the European Treasury Bond Market

Guglielmo Maria Caporale, Alessandro Girardi and Paolo Paesani

3280: Residential Mobility of the European Elderly

Viola Angelini and Anne Laferrere

3279: Inter-temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union

Gunther Schnabl and Holger Zemanek

3278: Catalysts for Social Insurance: Education Subsidies vs. Real Capital Taxation

Dirk Schindler and Hongyan Yang

3277: CEO Compensation

Carola Frydman and Dirk Jenter

3276: The Information Content of Capacity Utilisation Rates for Output Gap Estimates

Michael Graff and Jan-Egbert Sturm

3275: Public Provision of Private Goods, Tagging and Optimal Income Taxation with Heterogeneity in Needs

Spencer Bastani, Sören Blomquist and Luca Micheletto

3274: Spatial Sorting: Why New York, Los Angeles and Detroit Attract the Greatest Minds as well as the Unskilled

Jan Eeckhout, Roberto Pinheiro and Kurt Schmidheiny

3273: North-South Technology Transfer in Unionised Multinationals

Kjell Lommerud, Frode Meland and Odd Rune Straume

3272: Outside versus Inside Bonds: A Modigliani-Miller Type Result for Liquidity Constrained Economies

Aleksander Berentsen and Christopher Waller

3271: Relaxing Hukou - Increased Labor Mobility and China’s Economic Geography

Maarten Bosker, Steven Brakman, Harry Garretsen and Marc Schramm

3270: Do Firms Sell Forward for Strategic Reasons? An Application to the Wholesale Market for Natural Gas

Remco van Eijkel and Jose Moraga-Gonzalez

3269: Two-Tier Labor Markets in the Great Recession: France vs. Spain

Samuel Bentolila, Pierre Cahuc, Juan Dolado and Thomas Le Barbanchon

3268: A Treatment Effect Method for Merger Analysis with an Application to Parking Prices in Paris

Philippe Choné and Laurent Linnemer

3267: The Threat of Monitoring Job Search. A Discontinuity Design

Bart Cockx and Muriel Dejemeppe

3266: The Greek Debt Crisis: Likely Causes, Mechanics and Outcomes

Michael Arghyrou and John Tsoukalas

3264: Student Performance may not Improve when Universities are Choosier

Carmen Aina, Lorenzo Cappellari and Marco Francesconi

3263: Market Entry Costs, Underemployment and International Trade

Spiros Bougheas and Raymond Riezman

3262: Discounting, Inequalities and Economic Convergence

Christian Gollier

3261: Taxes and Financial Reporting: Evidence from Discretionary Investment Write-Offs in Italy

Giampaolo Arachi and Valeria Bucci