CESifo Working Paper Series

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3612: Free-Riding in the Lab and in the Field

Florian Englmaier and Georg Gebhardt

3611: Product and Labor Market Deregulation in Unionized Oligopoly with Asymmetric Countries

Hartmut Egger and Frode Meland

3610: The Signalling Channel of Central Bank Interventions: Modelling the Yen / US Dollar Exchange Rate

Yu-Fu Chen, Michael Funke and Nicole Glanemann

3609: Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Mohammad Pesaran and TengTeng Xu

3608: Depletion and Development: Natural Resource Supply with Endogenous Field Opening

Anthony Venables

3607: Reciprocity, World Prices and Welfare

Pascalis Raimondos and Alan Woodland

3606: Public Funding of Higher Education

Jean-Marie Viaene and Itzhak Zilcha

3605: Pension-Induced Rigidities in the Labor Market for School Leaders

Cory Koedel, Jason A. Grissom, Shawn Ni and Michael Podgursky

3604: Sovereign Defaults: The Price of Haircuts

Juan J. Cruces and Christoph Trebesch

3603: Landownership Concentration and the Expansion of Education

Francesco Cinnirella and Erik Hornung

3602: Monthly GDP Estimates for Inter-War Britain

James Mitchell, Solomos Solomou and Martin Weale

3601: Consumption, Wealth, Stock and Housing Returns: Evidence from Emerging Markets

Guglielmo Maria Caporale and Ricardo Sousa

3600: The Distributional Consequences of Tax Reforms under Market Distortions

Konstantinos Angelopoulos, Wei Jiang and Jim Malley

3599: How Far Away is an Intangible? Services FDI and Distance

Ronald Davies and Amélie Guillin

3598: Modeling Two Macro Policy Instruments - Interest Rates and Aggregate Capital Requirements

Hans Gersbach and Volker Hahn

3597: Capacity Constraining Labor Market Frictions in a Global Economy

Christian Holzner and Mario Larch

3596: Tax Rate and Tax Base Competition for Foreign Direct Investment

Peter Egger and Horst Raff

3595: Firms' Moral Hazard in Sickness Absences

René Böheim and Thomas Leoni

3594: Debt Sustainability and Financial Crises: Evidence from the GIIPS

Gabriella Legrenzi and Costas Milas

3593: Airline Alliances, Carve-Outs and Collusion

Jan Brueckner and Pierre Picard

3592: Academic Performance and Single-Sex Schooling: Evidence from a Natural Experiment in Switzerland

Gerald Eisenkopf, Zohal Hessami, Urs Fischbacher and Heinrich Ursprung

3591: International Climate Agreements, Cost Reductions and Convergence of Partisan Politics

Patrick Laurency and Dirk Schindler

3590: Energy Consumption and Economic Growth Revisited in African Countries

Jude Eggoh, Chrysost Bangaké and Christophe Rault

3589: Macroeconomic Effects of Unconventional Monetary Policy in the Euro Area

Gert Peersman

3588: Competition in Funding Higher Education

Bernhard Eckwert and Itzhak Zilcha

3587: Money at the Docks of Tax Havens: A Guide

Shafik Hebous

3586: Testing the General Validity of the Heckscher-Ohlin Theorem: The Natural Experiment of Japan

Daniel Bernhofen and John C. Brown

3585: Collateral and its Substitutes in Emerging Markets' Lending

Lukas Menkhoff, Doris Neuberger and Ornsiri Rungruxsirivorn

3584: The Collapse Speed of China's Exports in the 2008-2009 Financial Crisis

Ran Jing

3583: Credit Derivatives and the Default Risk of Large Complex Financial Institutions

Giovanni Calice, Christos Ioannidis and Julian Williams

3582: Newspaper Differentiation and Investments in Journalism: The Role of Tax Policy

Hans Jarle Kind, Guttorm Schjelderup and Frank Stähler

3581: Rogue Aid? The Determinants of China's Aid Allocation

Axel Dreher and Andreas Fuchs

3580: Total Instructional Time Exposure and Student Achievement: An Extreme Bounds Analysis Based on German State-Level Variation

Philipp Mandel and Bernd Süssmuth

3579: Does China Still Have a Labor Cost Advantage?

Janet Ceglowski and Stephen Golub

3578: A Complete and Strongly Anonymous Leximin Relation on Infinite Streams

Geir Asheim and Stéphane Zuber

3577: Exchange Rate Dynamics under Alternative Optimal Interest Rate Rules

Mahir Binici and Yin-Wong Cheung

3576: Spillover Effects of Minimum Wages: Theory and Experimental Evidence

Marcus Dittrich, Andreas Knabe and Kristina Leipold

3575: Resource Rents, Democracy and Corruption: Evidence from Sub-Saharan Africa

Rabah Arezki and Thorvaldur Gylfason

3574: Electoral Competition as a Determinant of Fiscal Decentralization

Mario Jametti and Marcelin Joanis

3573: National Representation in Multinational Institutions: The Case of the European Central Bank

Harald Badinger and Volker Nitsch

3572: The Dynamics of Income-related Health Inequality among US Children

Pinka Chatterji, Kajal Lahiri and Jingya Song

3571: Trade, Trust and Institutions

Shu Yu, Jakob de Haan, Sjoerd Beugelsdijk and Jakob de Haan

3570: Public Investment and Re-election Prospects in Developed Countries

Margarita Katsimi and Vassilis Sarantides

3569: The European Central Bank: Lender of Last Resort in the Government Bond Markets?

Paul De Grauwe

3568: Regional Inequality and Decentralization - An Empirical Analysis

Christian Lessmann

3567: Productivity Shocks and Aggregate Fluctuations in an Estimated Endogenous Growth Model with Human Capital

Jim Malley and Ulrich Woitek

3566: Economic Integration and the Optimal Corporate Tax Structure with Heterogeneous Firms

Christian Bauer, Ronald Davies and Andreas Haufler

3565: Scarring Effects of Remaining Unemployed for Long-Term Unemployed School-Leavers

Bart Cockx and Matteo Picchio

3564: Lisbon Agenda, Regional Innovation System and the New EU Cohesion Policy

Chang Woon Nam, Alina Schoenberg and Georg Wamser

3563: Climate Policy under Sustainable Discounted Utilitarianism

Simon Dietz and Geir Asheim

3562: Wage Dispersion and Labor Turnover with Adverse Selection

Carlos Carrillo-Tudela and Leo Kaas

3561: Flexicurity, Wage Dynamics and Inequality over the Life-Cycle

Paul Bingley, Lorenzo Cappellari and Niels Westergård-Nielsen

3560: Optimal Taxation and Constrained Inefficiency in an Infinite-Horizon Economy with Incomplete Markets

Piero Gottardi, Atsushi Kajii and Tomoyuki Nakajima

3559: Global Sourcing of Complex Production Processes

Christian Schwarz and Jens Suedekum

3558: Labour Market Institutions and Unemployment. An International Comparison

Gebhard Flaig and Horst Rottmann

3557: Construction of Composite Business Cycle Indicators in a Sparse Data Environment

Klaus Abberger and Wolfgang Nierhaus

3556: Partial Coercion, Conditional Cooperation, and Self-Commitment in Voluntary Contributions to Public Goods

Elena Cettolin and Arno Riedl

3555: Exchange Rate Misalingment Estimates - Sources of Differences

Yin-Wong Cheung and Eiji Fujii

3554: Financial Contagion and the European Debt Crisis

Fabricio Missio and Sebastian Watzka

3553: Intention-Based Reciprocity and the Hidden Costs of Control

Ferdinand von Siemens

3552: Using Survey Data on Inflation Expectations in the Estimation of Learning and Rational Expectations Models

Arturo Ormeño

3551: Decentralization and the Shadow Economy: Oates Meets Allingham-Sandmo

Andreas Bühn, Christian Lessmann and Gunther Markwardt

3550: Lock, Stock, and Barrel: A Comprehensive Assessment of the Determinants of Terror

Martin Gassebner and Simon Luechinger

3549: A Flexible Test for Present Bias and Time Preferences Using Land-Lease Contracts

Pieter Gautier and Aico van Vuuren

3548: The Case for a Progressive Tax: From Basic Research to Policy Recommendations

Peter Diamond and Emmanuel Saez

3547: Gift-Exchange, Incentives, and Heterogeneous Workers

Arjan Non

3546: Flattening the Carbon Extraction Path in Unilateral Cost-Effective Action

Thomas Eichner and Rüdiger Pethig

3545: Integrated Public Education, Fertility and Human Capital

Leonid Azarnert

3544: Food Prices and Political Instability

Rabah Arezki and Markus Brückner

3543: Trade and Imperfect Competition in General Equilibrium

Onur Koska and Frank Stähler

3542: Shift Working and Trade in Labor Services with Time Zone Differences

Toru Kikuchi and Ngo Long

3541: Natural Disasters and the Effect of Trade on Income: A New Panel IV Approach

Gabriel Felbermayr, Jasmin Katrin Gröschl and Gabriel J. Felbermayr

3540: Changing Identity: Retiring from Unemployment

Clemens Hetschko, Andreas Knabe and Ronnie Schöb

3539: Toward a Sustainable Transport Development in Asia and the Pacific

Biswanath Bhattacharyay

3538: On the Political Economics of Tax Reforms

Micael Castanheira, Gaëtan J.A. Nicodème, Paola Profeta and Gaëtan J.A. Nicodeme

3537: Product Quality, Informality, and Child Labour

Eugenia Fotoniata and Thomas Moutos

3536: On the Underestimation of the Precautionary Effect in Discounting

Christian Gollier

3535: Tax Competition Among U.S. States: Racing to the Bottom or Riding on a Seesaw?

Bob Chirinko and Daniel Wilson

3534: Tax-Benefit Systems in Europe and the US: Between Equity and Efficiency

Olivier Bargain, Mathias Dolls, Dirk Neumann, Andreas Peichl and Sebastian Siegloch

3533: Formal Contracts, Relational Contracts, and the Threat-Point Effect

Hideshi Itoh and Hodaka Morita

3532: External Sovereign Debt in a Monetary Union: Bailouts and the Role of Corruption

Carolina Achury, Christos Koulovatianos and John Tsoukalas

3531: On the Design of Education Conditional Cash Transfer Programs and non Education Outcomes: The Case of Teenage Pregnancy

Darwin Cortés, Juan Gallego and Darío Maldonado

3530: The Impact of Alternative Grade Configurations on Student Outcomes through Middle and High School

Guido Schwerdt and Martin R. West

3529: Innovation, Trade, and Finance

Peter Egger and Christian Keuschnigg

3528: Preferences for Consistency

Armin Falk and Florian Zimmermann

3527: Not All Incentives Wash Out the Warm Glow: The Case of Blood Donation Revisited

Joan Costa-i-Font, Mireia Jofre-Bonet and Steven T. Yen

3526: Too Little Oil, Too Much Coal: Optimal Carbon Tax and when to Phase in Oil, Coal and Renewables

Frederick (Rick) van der Ploeg and Cees Withagen

3525: Price Discovery and Trade Fragmentation in a Multi-Market Environment: Evidence from the MTS System

Guglielmo Maria Caporale and Alessandro Girardi

3524: How Effective are Advertising Bans? On the Demand for Quality in Two-Sided Media Markets

Tanja Greiner and Marco Sahm

3523: Lame Ducks and Divided Government: How Voters Control the Unaccountable

Mark Schelker

3522: Simultaneous Search and Network Efficiency

Pieter Gautier and Christian Holzner

3521: Can we Rely upon Fiscal Policy Estimates in Countries with Unreported Production of 15 Per Cent (or more) of GDP?

Raffaella Basile, Bruno Chiarini and Elisabetta Marzano

3520: Temporary Employment, Job Flows and Productivity: A Tale of two Reforms

Lorenzo Cappellari, Carlo Dell'Aringa and Marco Leonardi

3519: International Debt Shifting: Do Multinationals Shift Internal or External Debt?

Jarle Møen, Dirk Schindler, Guttorm Schjelderup and Julia Tropina

3518: Fair and Efficient Taxation under Partial Control: Theory and Evidence

Erwin Ooghe and Andreas Peichl

3517: How Significant are Fiscal Interactions in Federations? A Meta-Regression Analysis

Joan Costa-i-Font, Filipe De-Albuquerque and Chris Doucouliagos

3516: Dark Clouds or Silver Linings? Knightian Uncertainty and Climate Change

Yu-Fu Chen, Michael Funke and Nicole Glanemann

3515: Lifting the Veil: The Face of TFP in an Indian Rail Mill

Sanghamitra Das, Kala Krishna, Sergey Lychagin and Rohini Somanathan

3514: What Determines BITs?

Jeffrey Bergstrand and Peter Egger

3513: Causal Effects of Paternity Leave on Children and Parents

Sara Cools, Jon Fiva and Lars Kirkebøen