CESifo Working Paper Series

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2955: Steady-State Growth and the Elasticity of Substitution

Andreas Irmen

2954: Workers without Borders? Culture, Migration and the Political Limits to Globalization

Sanjay Jain, Sumon Majumdar and Sharun Mukand

2953: The Political Economy of Regulatory Risk

Roland Strausz

2952: Modeling Institutions, Start-Ups and Productivity during Transition

Zuzana Brixiová Schwidrowski and Balázs Égert

2951: Education and Social Mobility

Helmuth Cremer, Philippe De Donder and Pierre Pestieau

2950: An Extended Macro-Finance Model with Financial Factors

Hans Dewachter and Leonardo Iania

2949: Monetary Policy, Model Uncertainty and Exchange Rate Volatility

Agnieszka Markiewicz

2948: Discretionary Fiscal Policy: Review and Estimates for the EU

Roel Beetsma and Massimo Giuliodori

2947: Measuring Agents' Reaction to Private and Public Information in Games with Strategic Complementarities

Camille Cornand and Frank Heinemann

2946: Genes, Economics, and Happiness

Jan-Emmanuel De Neve, Nicholas A. Christakis, James H. Fowler and Bruno Frey

2945: Barriers to Entry, Deregulation and Workplace Training: A Theoretical Model with Evidence from Europe

Andrea Bassanini and Giorgio Brunello

2944: Gift Exchange in the Lab - It is not (only) how much you give

Florian Englmaier and Stephen Leider

2943: Do Managers with Limited Liability Take More Risky Decisions? An Information Acquisition Model

James Malcomson

2942: Competition in the Service Sector and the Performances of Manufacturing Firms: Does Liberalization Matter?

Emanuele Forlani

2941: Greasing the Wheels of International Commerce: How Services Facilitate Firms' International Sourcing

Peter Debaere, Holger Görg and Horst Raff

2940: Women's Education and Family Behavior: Trends in Marriage, Divorce and Fertility

Adam Isen and Betsey Stevenson

2939: Democratic Provision of Divisible Public Goods

Hans Gersbach

2938: Price Formation on the EuroMTS Platform

Guglielmo Maria Caporale and Alessandro Girardi

2937: Behavioral Economics as Applied to Firms: A Primer

Mark Armstrong and Steffen Huck

2936: Markov-Switching and the Ifo Business Climate: The Ifo Business Cycle Traffic Lights

Klaus Abberger and Wolfgang Nierhaus

2935: Monetary Persistence and the Labor Market: A New Perspective

Wolfgang Lechthaler, Christian Merkl and Dennis Snower

2934: Oil Prices and Stock Markets: What Drives what in the Gulf Corporation Council Countries?

Mohamed Arouri and Christophe Rault

2933: Social Welfare versus Inequality Concerns in an Incomplete Contract Experiment

Marco Faravelli, Oliver Kirchkamp and Helmut Rainer

2932: The 2008 Financial Crisis and Taxation Policy

Thomas Hemmelgarn, Gaëtan J.A. Nicodème and Gaëtan J.A. Nicodeme

2931: Capital Flight: China's Experience

Yin-Wong Cheung and Xingwang Qian

2930: Competition between Specialized Candidates

Stefan Krasa and Mattias K Polborn

2929: Inaccurate Age and Sex Data in the Census PUMS Files: Evidence and Implications

J. Trent Alexander, Michael Davern and Betsey Stevenson

2928: The Role of Monetary Aggregates in the Policy Analysis of the Swiss National Bank

Gebhard Kirchgässner and Juergen Wolters

2927: Flexible Contracts

Piero Gottardi, Jean-Marc Tallon and Paolo Ghirardato

2926: Spend-and-Tax Adjustments and the Sustainability of the Government's Intertemporal Budget Constraint

Gabriella Legrenzi and Costas Milas

2925: Profit Sharing, Wage Formation and Flexible Outsourcing under Labor Market Imperfection

Erkki Koskela and Jan König

2924: A Critique of the Literature on the US Financial Debt Crisis

Jerome L. Stein

2923: Can Competition Spoil Reciprocity? - A Laboratory Experiment

Stefan Bauernschuster, Oliver Falck and Niels Große

2922: Competition and Quality in Regulated Markets with Sluggish Demand

Kurt Brekke, Roberto Cellini, Luigi Siciliani and Odd Rune Straume

2921: Gender and Racial Biases: Evidence from Child Adoption

Mariagiovanna Baccara, Allan Collard-Wexler, Leonardo Felli and Leeat Yariv

2920: Family Job Search, Wage Bargainings, and Optimal Unemployment Insurance

Susanne Ek and Bertil Holmlund

2919: World Heritage: Where Are We? An Empirical Analysis

Bruno Frey and Paolo Pamini

2918: Testing, not Modelling, the Impact of Cohesion Support: A Theoretical Framework and some Preliminary Results for the Spanish Regions

Angel de La Fuente

2917: Globalization, Redistribution, and the Composition of Public Education Expenditures

Thushyanthan Baskaran and Zohal Hessami

2916: Ageing and the Welfare State: Securing Sustainability

Volker Meier and Martin Werding

2915: Enhanced Cooperation in an Asymmetric Model of Tax Competition

Hendrik Vrijburg and Ruud de Mooij

2914: Profit Taxation and Finance Constraints

Christian Keuschnigg and Evelyn Ribi

2913: Spatial and Temporal Diffusion of House Prices in the UK

Sean Holly, Mohammad Pesaran and Takashi Yamagata

2912: Mergers and Partial Ownership

Øystein Foros, Hans Jarle Kind and Greg Shaffer

2911: Demographic Change and Bank Profitability. Empirical Evidence from German Savings Banks

Michael Berlemann, Marco Oestmann and Marcel Thum

2910: The Effect of Protestantism on Education before the Industrialization: Evidence from 1816 Prussia

Sascha Becker, Ludger Woessmann and Sascha O. Becker

2909: Climate Policy without Commitment

Rolf Golombek, Mads Greaker and Michael Hoel

2908: Do Elections Affect the Composition of Fiscal Policy?

Margarita Katsimi and Vassilis Sarantides

2907: Unilateral Climate Policy, Asymmetric Backstop Adoption, and Carbon Leakage in a Two-Region Hotelling Model

Edwin van der Werf

2906: Asset Auctions, Information, and Liquidity

Xavier Vives

2905: The Effect of Surveillance Cameras on Crime: Evidence from the Stockholm Subway

Mikael Priks

2904: Corporate Taxation and the Impact of Governance, Political and Economic Factors

Marcel Gerard and Fernando Ruiz

2903: Global Sourcing Decisions and Firm Productivity: Evidence from Spain

Wilhelm Kohler and Marcel Smolka

2902: Behavioral and Experimental Economics Can Inform Public Policy: Some Thoughts

Arno Riedl

2901: Unemployment and Finance: How do Financial and Labour Market Factors Interact?

Donatella Gatti, Christophe Rault and Anne-Gael Vaubourg

2900: Illiquidity and Under-Valuation of Firms

Douglas Gale and Piero Gottardi

2899: Taxation of Foreign Profits with Heterogeneous Multinational Firms

Johannes Becker

2898: Economic Growth and Longevity Risk with Adverse Selection

Ben J. Heijdra and Laurie S. M. Reijnders

2897: Conflict, Settlement, and the Shadow of the Future

Michael McBride and Stergios Skaperdas

2896: Voting on Thresholds for Public Goods: Experimental Evidence

Julian Rauchdobler, Rupert Sausgruber and Jean-Robert Tyran

2895: The Impact of Trade on Employment, Welfare, and Income Distribution in Unionized General Oligopolistic Equilibrium

Hartmut Egger and Daniel Etzel

2894: Lab Experiments are a Major Source of Knowledge in the Social Sciences

Armin Falk and James J. Heckman

2893: What is an Adequate Standard of Living during Retirement?

Johannes Binswanger and Daniel Schunk

2892: Debt Financing and Sharp Currency Depreciations: Wholly vs. Partially Owned Multinational Affiliates

Shafik Hebous, Alfons J. Weichenrieder and Alfons Weichenrieder

2891: Margins of International Banking: Is there a Productivity Pecking Order in Banking, too?

Claudia Buch, Cathérine Tahmee Koch and Michael Kötter

2890: Optimal Use of Labor Market Policies: The Role of Job Search Assistance

Conny Wunsch

2889: Labor Unions, Globalization, and Mercantilism

Wolf-Heimo Grieben and Fuat Sener

2888: Population Aging and the Direction of Technical Change

Andreas Irmen

2887: "The Way in which an Experiment is Conducted is Unbelievably Important": On the Experimentation Practices of Economists and Psychologists

Andreas Ortmann

2886: Outsourcing, Public Input Provision and Policy Cooperation

Thomas Aronsson and Erkki Koskela

2885: Analysis of Monetary Policy and Financial Stability: A New Paradigm

Charles A. E. Goodhart, Carolina Osorio and Dimitrios Tsomocos

2884: Existence and Warr Neutrality for Matching Equilibria in a Public Good Economy: An Aggregative Game Approach

Wolfgang Buchholz, Richard Cornes and Dirk Rübbelke

2883: Politics-Business Interaction Paths

Marianna Belloc and Ugo Pagano

2882: The Lost Popularity Function: Are Unemployment and Inflation no longer Relevant for the Bahaviour of German Voters?

Gebhard Kirchgässner

2881: Corporate Taxation and Corporate Governance

Marko Köthenbürger and Michael Stimmelmayr

2880: Taxation and Market Power

Kai Konrad, Florian Morath and Wieland Müller

2879: Corporate Taxation and the Choice of Patent Location within Multinational Firms

Tom Karkinsky and Nadine Riedel

2878: Automatic Stabilizers and Economic Crisis: US vs. Europe

Mathias Dolls, Clemens Fuest and Andreas Peichl

2877: Econometric Methods for Causal Evaluation of Education Policies and Practices: A Non-Technical Guide

Martin Schlotter, Guido Schwerdt and Ludger Woessmann

2876: A Mixed Splicing Procedure for Economic Time Series

Angel de La Fuente

2875: Climate Change Mitigation Options and Directed Technical Change: A Decentralized Equilibrium Analysis

André Grimaud, Gilles Lafforgue and Bertrand Magné

2874: Human Capital Formation and Global Warming Mitigation: Evidence from an Integrated Assessment Model

Carlo Carraro, Enrica De Cian and Massimo Tavoni

2873: Computation of Business-Cycle Models with the Generalized Schur Method

Burkhard Heer and Alfred Maussner

2872: Collective Labor Supply of Native Dutch and Immigrant Households in the Netherlands

Chris Klaveren, Bernard M.S. Van Praag, Henriette Maassen van den Brink and Bernard M.S. van Praag

2871: The Consumption Value of Higher Education

Annette Alstadsæter and Hans Henrik Sievertsen

2870: Financial Reform and Banking Crises

Choudhry Tanveer Shehzad, Jakob de Haan and Jakob de Haan

2869: On the many Ways Europeanization Matters: The Implementation of the Water Reform in Italy (1994-2006)

Alberto Asquer

2868: Do Choices Affect Preferences? Some Doubts and New Evidence

Steinar Holden

2867: Tax Competition in a Simple Model with Heterogeneous Firms: How Larger Markets Reduce Profit Taxes

Andreas Haufler and Frank Stähler

2866: There's no Place like Home: The Profitability Gap between Headquarters and their Foreign Subsidiaries

Matthias Dischinger and Nadine Riedel

2865: A Touch of Sophistication: FDI and Unit Values of Exports

Torfinn Harding, Beata Smarzynska Javorcik and Beata Smarzynska Javorcik

2864: Terrorism Prevention and Electoral Accountability

Tiberiu Dragu and Mattias K Polborn

2863: How Should the Distant Future be Discounted when Discount Rates are Uncertain?

Christian Gollier and Martin Weitzman

2862: Default Predictors and Credit Scoring Models for Retail Banking

Evžen Kočenda and Martin Vojtek

2861: Broadband Infrastructure and Economic Growth

Nina Czernich, Oliver Falck, Tobias Kretschmer and Ludger Woessmann

2860: National Borders, Conflict and Peace

Enrico Spolaore

2859: Environmental Policy and the Macroeconomy under Shallow-Lake Dynamics

Ben J. Heijdra and Pim Heijnen

2858: Market Access through Bound Tariffs

Davide Sala, Philipp J.H. Schröder and Erdal Yalcin

2857: Optimality and Diversifiability of Mean Variance and Arbitrage Pricing Portfolios

Mohammad Pesaran and Paolo Zaffaroni

2856: Strategic Supply Function Competition with Private Information

Xavier Vives