CESifo Working Paper Series

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3492: Endogenous Public Information and Welfare in Market Games

Xavier Vives

3491: Do Bubbles Lead to Overinvestment?: A Revealed Preference Approach

Bob Chirinko and Huntley Schaller

3490: Home Bank Intermediation of Foreign Direct Investment

Steven Poelhekke

3489: Legal Institutions, Innovation and Growth

Luca Anderlini, Leonardo Felli, Giovanni Immordino and Alessandro Riboni

3488: A Gift is not Always a Gift: Gift Exchange in a Voucher Experiment

Sascha Becker, Dolores Messer, Stefan Wolter and Sascha O. Becker

3487: Public Providers, versus Private Providers, of Public Goods: A General Equilibrium Study of the Role of the State

George Economides, Apostolis Philippopoulos and Vanghelis Vassilatos

3486: Real Effects of Quantitative Easing at the Zero-Lower Bound: Structural VAR-based Evidence from Japan

Heike Schenkelberg and Sebastian Watzka

3485: A Large-Market Rational Expectations Equilibrium Model

Xavier Vives

3484: Incomplete Contracts and the Impact of Globalization on Consumer Welfare

Fabrice Defever

3483: Incentive Schemes for Local Government: Theory and Evidence from Comprehensive Performance Assessment in England

Benjamin Lockwood and Francesco Porcelli

3482: Do Government Purchases Affect Unemployment?

Steinar Holden and Victoria Sparrman

3481: Health Employment, Medical Spending, and Long Term Health Reform

Mark V. Pauly and Anand Saxena

3480: How National and International Financial Development Affect Industrial R&D

Keith Maskus, Rebecca Neumann and Tobias Seidel

3479: What do we Know about the Relationship between Regionalized Aspects of the Unemployment Insurance System and Internal Migration in Canada?

Kathleen Day and Stanley Winer

3478: Migration and Social Insurance

Helmuth Cremer and Catarina Goulão

3477: Should Transportation Output be Included as Part of the Coincident Indicators System?

Kajal Lahiri and Wenxiong Yao

3476: Government Budget Deficits in Large Open Economies

Willem Buiter, Anne Sibert and Anne C. Sibert

3475: An Economic Theory of Foreign Interventions and Regime Change

Roberto Bonfatti

3474: Optimal Tariffs, Retaliation and the Welfare Loss from Tariff Wars in the Melitz Model

Gabriel Felbermayr, Benjamin Jung, Mario Larch and Gabriel J. Felbermayr

3473: Entrepreneurial Innovations and Taxation

Andreas Haufler, Pehr-Johan Norbäck and Lars Persson

3472: Should Local Public Employment Services be Merged with the Local Social Benefit Administrations?

Christian Holzner and Sonja Munz

3471: Labor Migration and the Case for Flat Tax

Tomer Blumkin, Efraim Sadka and Yotam Shem-Tov

3470: Persuading Consumers with Social Attitudes

Stefan Buehler and Daniel Halbheer

3469: Surfing Alone? The Internet and Social Capital: Evidence from an Unforeseeable Technological Mistake

Stefan Bauernschuster, Oliver Falck and Ludger Woessmann

3468: Incentives for Environmental R&D

Mads Greaker and Michael Hoel

3467: Migration and Trade

Peter Egger, Maximilian von Ehrlich and Douglas Nelson

3466: Unintended Detrimental Effects of Environmental Policy: The Green Paradox and Beyond

Edwin van der Werf and Corrado Di Maria

3465: Divide and Privatize: Firm Break-up and Performance

Evžen Kocenda, Jan Hanousek and Evžen Kočenda

3464: Hyperbolic Discounting and Positive Optimal Inflation

Liam Graham and Dennis Snower

3463: Workforce or Workfare?

Craig Brett and Laurence Jacquet

3462: Precommitted Government Spending and Partisan Politics

William Watkins and Henning Bohn

3461: What Drives Taxi Drivers? A Field Experiment on Fraud in a Market for Credence Goods

Loukas Balafoutas, Adrian Beck, Rudolf Kerschbamer and Matthias Sutter

3460: Tullock Challenges: Happiness, Revolutions and Democracy

Bruno Frey

3459: Explaining Early Adoption on New Medicines: Regulation, Innovation and Scale

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

3458: Voting under the Threat of Secession: Accommodation vs. Repression

Vincent Anesi and Philippe De Donder

3457: On a Three-Alternative Condorcet Jury Theorem

Johanna Goertz and Francois Maniquet

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