CESifo Working Paper Series

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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

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