CESifo Working Paper Series

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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

3260: Up or Down? Capital Income Taxation in the United States and the United Kingdom

Vito Polito

3259: Optimal Taxation of Externalities Interacting through Markets: A Theoretical General Equilibrium Analysis

Xiaolin Ren, Don Fullerton and John Braden

3258: Reference Pricing, Competition, and Pharmaceutical Expenditures: Theory and Evidence from a Natural Experiment

Kurt Brekke, Tor Helge Holmås and Odd Rune Straume

3257: Short-Term Price Effects of a Carbon Tax and Implications for Sectors Competitiveness in Small Open Economies

Nicolas Gonne

3256: Migration Background and Educational Tracking: Is there a Double Disadvantage for Second-Generation Immigrants?

Elke Lüdemann and Guido Schwerdt

3255: Determinants of Pollution Abatement and Control Expenditure in Romania: A Multilevel Analysis

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

3254: Pegging the Renminbi to a Basket - Facts, Prospects and Consequences

Heikki Oksanen

3253: The Trade Effects of Endogenous Preferential Trade Agreements

Peter Egger, Mario Larch, Kevin Staub and Rainer Winkelmann

3252: The Effect of Investment in Children's Education on Fertility in 1816 Prussia

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

3251: Channel Systems: Why is there a Positive Spread?

Aleksander Berentsen, Alessandro Marchesiani and Christopher Waller

3250: The Marginal Cost of Public Funds is One

Bas Jacobs

3249: Short and Long-run Behaviour of Long-term Sovereign Bond Yields

Antonio Afonso and Christophe Rault

3248: Foreign Market Entry under Incomplete Contracts

Tobias Seidel

3247: International Income Inequality: Measuring PPP Bias by Estimating Engel Curves for Food

Ingvild Almås

3246: The Cult of Statistical Significance

Walter Kraemer

3245: The Weekly Structure of US Stock Prices

Guglielmo Maria Caporale and Luis Gil-Alana

3244: War and Natural Resource Exploitation

Frederick (Rick) van der Ploeg and Dominic Rohner

3243: Friends' Networks and Job Finding Rates

Lorenzo Cappellari and Konstantinos Tatsiramos

3242: The Empirics of General Equilibrium Tade Theory: What Have we Learned?

Daniel Bernhofen

3241: Democracy, Inequality and the Environment when Citizens can Mitigate Privately or Act Collectively

Sophie Bernard, Louis Hotte and Stanley Winer

3240: Partial Harmonization of Corporate Taxes in an Asymmetric Repeated Game Setting

Jun-ichi Itaya, Makoto Okamura and Chikara Yamaguchi

3239: Analysis of Labor Tax Progression under Heterogeneous Domestic Labor Markets and Flexible Outsourcing

Erkki Koskela

3238: How much do Educational Outcomes Matter in OECD Countries?

Eric Hanushek and Ludger Woessmann

3237: Optimal Management with Potential Regime Shifts

Stephen Polasky, Aart de Zeeuw and Florian Wagener

3236: Do Permit Allocations Matter?

Harrie A. A Verbon and Cees Withagen

3235: Financial Frictions and Inflation Differentials in a Monetary Union

Nikolay Hristov, Oliver Hülsewig and Timo Wollmershäuser

3234: The Causal Effect of Parents' Schooling on Children's Schooling - A Comparison of Estimation Methods

Helena Holmlund, Mikael Lindahl and Erik Plug

3233: Taxes versus Cap-and-Trade in Climate Policy when only some Fuel Importers Abate

Jon Strand

3232: The Carbon-Budget Approach to Climate Stabilization: Cost-Effective Subglobal versus Global Action

Thomas Eichner and Rüdiger Pethig

3231: Membership has its Privileges - The Effect of Membership in International Organizations on FDI

Axel Dreher, Heiner Mikosch and Stefan Voigt

3230: Moral Judgments in Social Dilemmas: How Bad is Free Riding?

Robin Cubitt, Michalis Drouvelis, Simon Gaechter and Ruslan Kabalin

3229: Awards as Signals

Bruno Frey and Susanne Neckermann

3228: Globalization, Economic Freedom and Human Rights

Axel Dreher, Martin Gassebner and Lars-Hinrich Siemers

3227: Choosing among Competing Blockbusters: Does the Identity of the Third-Party Payer Matter for Prescribing Doctors?

Dag Morten Dalen, Enrico Sorisio and Steinar Strøm

3226: How should Financial Intermediation Services be Taxed?

Ben Lockwood

3225: The Welfare Gains of Age Related Optimal Income Taxation

Spencer Bastani, Sören Blomquist and Luca Micheletto

3224: Search Costs and Corporate Income Tax Competition

Kai Konrad

3223: Why does Environmental Policy in Representative Democracies Tend to be Inadequate? A Preliminary Public Choice Analysis

Andrea Kollmann and Friedrich Schneider

3222: Digital Piracy: Theory

Paul Belleflamme and Martin Peitz

3221: Even Small Trade Costs Restore Efficiency in Tax Competition

Johannes Becker and Marco Runkel

3220: A Simple Model of Health Insurance Competition

Alexander Kemnitz

3219: Does Size Matter? The Impact of Changes in Household Structure on Income Distribution in Germany

Andreas Peichl, Nico Pestel and Hilmar Schneider

3218: State Corporation Income Taxation - An Economic Perspective on Nexus

David Wildasin

3217: Fairness Spillovers - The Case of Taxation

Thomas Cornelissen, Oliver Himmler and Tobias König

3216: Inequality and Happiness: When Perceived Social Mobility and Economic Reality do not Match

Christian Bjørnskov, Axel Dreher, Justina A. V. Fischer and Jan Schnellenbach

3215: Dynamics of Open Source Movements

Susan Athey, Glenn Ellison and Susan C. Athey

3214: Interjurisdictional Spillovers, Decentralized Policymaking and the Elasticity of Capital Supply

Thomas Eichner and Marco Runkel

3213: Rank Dependent Utility, Tax Evasion and Labor Supply

Erling Eide, Kristine von Simson and Steinar Strøm

3212: Prize Sharing in Collective Contests

Shmuel Nitzan and Kaoru Ueda

3211: The Attack and Defense of Weakest-Link Networks

Dan Kovenock, Brian Roberson and Roman Sheremeta

3210: Childcare Costs and the Demand for Children - Evidence from a Nationwide Reform

Eva Mörk, Anna Sjögren, Helena Svaleryd and Eva Maria Mörk