CESifo Working Paper Series

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2755: Buyer Power in International Markets

Horst Raff and Nicolas Schmitt

2754: Comparative Advantage and Skill-Specific Unemployment

Mario Larch and Wolfgang Lechthaler

2753: Suicide Terrorism and the Weakest Link

Daniel Arce, Dan Kovenock and Brian Roberson

2752: Don't Raise the Retirement Age! An Experiment on Opposition to Pension Reforms and East-West Differences in Germany

Beatrice Scheubel, Daniel Schunk and Joachim Winter

2751: Explaining Output Volatility: The Case of Taxation

Olaf Posch

2750: Monetary Policy Transmission and House Prices: European Cross-country Evidence

Kai Carstensen, Oliver Hülsewig and Timo Wollmershäuser

2749: Interaction of Carbon Reduction and Green Energy Promotion in a Small Fossil-Fuel Importing Economy

Rüdiger Pethig and Christian Wittlich

2748: Upstream Horizontal Mergers and Efficiency Gains

Chrysovalantou Milliou and Apostolis Pavlou

2747: Corporate Income Taxation of Multinationals and Fiscal Equalization

Caterina Liesegang and Marco Runkel

2746: Is Social Security behind the Collapse of Personal Saving?

Frank Caliendo

2745: Making World Heritage Truly Global: The Culture Certificate Scheme

Bruno Frey and Paolo Pamini

2744: Effort Maximization in Asymmetric N-Person Contest Games

Jörg Franke, Christian Kanzow, Wolfgang Leininger and Alexandra Väth

2743: The Willingness to Pay for Job Amenities: Evidence from Mothers' Return to Work

Christina Felfe

2742: Climate Change Mitigation Strategies in Fast-Growing Countries: The Benefits of Early Action

Valentina Bosetti, Carlo Carraro and Massimo Tavoni

2741: A Third Benefit of Joint Non-OPEC Carbon Taxes: Transferring OPEC Monopoly Rent

Yan Dong and John Whalley

2740: Endogenous Monopsony and the Perverse Effect of the Minimum Wage in Small Firms

Leif Danziger

2739: Supplementary Private Health Insurance in Selected Countries: Lessons for EU Governments?

Sebastian Gechert

2738: Gender Culture and Gender Gap in Employment

Pamela Campa, Alessandra Casarico and Paola Profeta

2737: Market Shares in Two-Sided Media Industries

Hans Jarle Kind and Frank Stähler

2736: Fertility, Human Capital Accumulation, and the Pension System

Helmuth Cremer, Firouz Gahvari and Pierre Pestieau

2735: Lessons of the Financial Crisis for the Design of National Pension Systems

Gary Burtless

2734: Economic Incentives and Social Preferences: A Preference-based Lucas Critique of Public Policy

Samuel Bowles and Sandra Polanía Reyes

2733: Size Matters! Body Height and Labor Market Discrimination: A Cross-European Analysis

Francesco Cinnirella and Joachim Winter

2732: Fly or Cry: Is Airport Noise Costly?

Volker Nitsch

2731: Managing Migration through Conflicting Policies: an Option-theory Perspective

Michele Moretto and Sergio Vergalli

2730: Can Integrity Replace Institutions? Theory and Evidence

Gilad D. Aharonovitz, Nathan Skuza and Faysal Fahs

2729: Investing in Biogas: Timing, Technological Choice and the Value of Flexibility from Inputs Mix

Luca Di Corato and Michele Moretto

2728: A Strategic R&D Investment with Flexible Development Time in Real Option Game Analysis

Giovanni Villani

2727: A Multiplicity of Approaches to Institutional Analysis. Applications to the Government and the Arts

Bruno Frey

2726: On the Equivalence of Location Choice Models: Conditional Logit, Nested Logit and Poisson

Kurt Schmidheiny and Marius Brülhart

2725: Enforcement of Contribution Norms in Public Good Games with Heterogeneous Populations

Ernesto Reuben and Arno Riedl

2724: Pension Funding and Individual Accounts in Economies with Life-cyclers and Myopes

Hans Fehr and Fabian Kindermann

2723: Tax Competition, Relative Performance and Policy Imitation

Andreas Wagener

2722: Interest Groups and Government Spending in Italy, 1876-1913

Nadia Fiorino and Roberto Ricciuti

2721: Fiscal Decentralization and Economic Growth in OECD Countries: Is there a Relationship?

Thushyanthan Baskaran and Lars Feld

2720: Inflation and Inflation Uncertainty in the Euro Area

Guglielmo Maria Caporale, Luca Onorante and Paolo Paesani

2719: The Role of Fiscal Instruments in Environmental Policy

Katri Kosonen, Gaëtan J.A. Nicodème and Gaëtan J.A. Nicodeme

2718: Price Dispersion in the Euro Area: The Case of a Symmetric Oil Price Shock

Kai Carstensen, Oliver Hülsewig and Timo Wollmershäuser

2717: Annuity Market Imperfection, Retirement and Economic Growth

Ben J. Heijdra and Jochen Mierau

2716: Innovative Sales, R&D and Total Innovation Expenditures: Panel Evidence on their Dynamics

Wladimir Raymond, Pierre Mohnen, Franz Palm and Sybrand Schim van der Loeff

2715: Bohemians, Human Capital, and Regional Economic Growth

Oliver Falck, Michael Fritsch and Stephan Heblich

2714: Does Culture Affect Unemployment? Evidence from the Röstigraben

Beatrix Brügger, Rafael Lalive and Josef Zweimüller

2713: Business Models for Media Firms: Does Competition Matter for how they Raise Revenue?

Hans Jarle Kind, Tore Nilssen and Lars Sørgard

2712: Response to Baker and Fugh-Berman's Critique of my Paper, "Why has Longevity Increased more in some States than in others?"

Frank Lichtenberg

2711: Incomplete Property Rights and Overinvestment

J. Atsu Amegashie

2710: The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging Economies

Jarko Fidrmuc and Iikka Korhonen

2709: Do Re-election Probabilities Influence Public Investment?

Jon Fiva and Gisle Natvik

2708: Friedman Rule in a Model with Endogenous Growth and Cash-in-advance Constraint

Firouz Gahvari

2707: The Crisis in the Foreign Exchange Market

Michael Melvin and Mark Taylor

2706: Punishment - and beyond

Bruno Frey

2705: Spend-and-tax: A Panel Data Investigation for the EU

Antonio Afonso and Christophe Rault

2704: The Costs of Organized Violence: A Review of the Evidence

Stergios Skaperdas

2703: Government Deficits in the European Union: An Analysis of Entry and Exit Dynamics

Ali Bayar and Bram Smeets

2702: Investigating the U.S. Oil-Macroeconomy Nexus using Rolling Impulse Responses

Marc Gronwald

2701: Optimal Income Taxation and Public Goods Provision in a Large Economy with Aggregate Uncertainty

Felix Bierbrauer

2700: Infrastructure and Growth: Empirical Evidence

Balázs Égert, Tomasz Kozluk and Douglas Sutherland

2699: Government Decentralization as a Disincentive for Transnational Terror? An Empirical Analysis

Axel Dreher and Justina A. V. Fischer

2698: Trade Sanctions, Financial Transfers and BRIC's Participation in Global Climate Change Negotiations

Huifang Tian and John Whalley

2697: Market Liberalization in the European Natural Gas Market - The Importance of Capacity Constraints and Efficiency Differences

Steven Brakman, Charles van Marrewijk, Arjen van Witteloostuijn and Charles van Marrewijk

2696: War and Relatedness

Enrico Spolaore and Romain Wacziarg

2695: Third-Party Intervention in Conflicts and the Indirect Samaritan's Dilemma

J. Atsu Amegashie

2694: Shooting on a Moving Target: Eyplaining European Bank Rates during the Interwar Period

Kirsten Wandschneider and Nikolaus Wolf

2693: Does Direct Democracy Reduce the Size of Government? New Evidence from Historical Data, 1890-2000

Patricia Funk and Christina Gathmann

2692: A Convex Hull Approach to Counterfactual Analysis of Trade Openness and Growth

Michael Funke and Marc Gronwald

2691: Political Stability and Fiscal Policy - Time Series Evidence for the Swiss Federal Level since 1849

Lars Feld and Christoph A. Schaltegger

2690: On the Influence of Oil Prices on Stock Markets: Evidence from Panel Analysis in GCC Countries

Mohamed El hedi Arouri and Christophe Rault

2689: Weak and Strong Cross Section Dependence and Estimation of Large Panels

Alexander Chudik, Mohammad Pesaran and Elisa Tosetti

2688: An Experimental Investigation of Colonel Blotto Games

Subhasish Chowdhury, Dan Kovenock and Roman M. Sheremeta

2687: An Empirical Analysis of Legal Insider Trading in the Netherlands

Hans Degryse, Frank de Jong and Jérémie Lefebvre

2686: Timing of Technology Adoption and Product Market Competition

Chrysovalantou Milliou and Emmanuel Petrakis

2685: Incorporation and Taxation: Theory and Firm-level Evidence

Peter Egger, Christian Keuschnigg and Hannes Winner

2684: The Effect of Adversity on Process Innovations and Managerial Incentives

Benoit Dostie and Rajshri Jayaraman

2683: Information Asymmetry, Education Signals and the Case of Ethnic and Native Germans

Stephan O. Hornig, Horst Rottmann and Rüdiger Wapler

2682: Evaluating Emission Trading as a Policy Tool - Evidence from Conditional Jump Models

Marc Gronwald and Janina Ketterer

2681: Capital Structure and Regulation in U.S. Local Telephony: An Exploratory Econometric Study

Marcelo Resende

2680: International Trade and Transnational Insecurity: How Comparative Advantage and Power are Jointly Determined

Michelle Garfinkel, Stergios Skaperdas and Constantinos Syropoulos

2679: A Unified Theory of Firm Selection and Growth

Costas Arkolakis

2678: Regulation and Barriers to Trade in Telecommunications Services in the European Union

Martin Cave and Matthew Corkery

2677: International Cooperation on Climate-Friendly Technologies

Rolf Golombek and Michael Hoel

2676: The Effects of School Competition on Academic Achievement and Grading Standards

Oliver Himmler

2675: Tax-Co-ordination in Europe: Assessing the First Years of the EU-Savings Taxation Directive

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

2674: Retrospective Capital Gains Taxation in the Real World

Francesco Menoncin and Paolo Panteghini

2673: Business Strategy and Firm Reorganization under Changing Market Conditions

Vivek Ghosal

2672: Productivity Shocks and Aggregate Cycles in an Estimated Endogenous Growth Model

Jim Malley and Ulrich Woitek

2671: Long Memory in US Real Output per Capita

Guglielmo Maria Caporale and Luis Gil-Alana

2670: Incentive Contracts and Efficient Unemployment Benefits

Dominique Demougin and Carsten Helm

2669: Testing the Tax Competition Theory: How Elastic are National Tax Bases in OECD Countries?

Aleksandra Riedl and Silvia Rocha-Akis

2668: Does Indirect Tax Harmonization Deliver Pareto Improvements in the Presence of Global Public Goods?

Ourania Karakosta, Christos Kotsogiannis and Miguel-Angel Lopez-Garcia

2667: Schooling, Cognitive Skills, and the Latin American Growth Puzzle

Eric A. Hanushek and Ludger Woessmann

2666: Assessment Drives Learning: The Effect of Central Exit Exams on Curricular Knowledge and Mathematical Literacy

Hendrik Jürges, Kerstin Schneider, Martin Senkbeil and Claus H. Carstensen

2665: Low Skill but High Volatility?

Claudia Buch and Christian Pierdzioch

2664: Agency in Family Policy: A Survey

Alessandro Cigno

2663: On the Legitimacy of Coercion for the Financing of Public Goods

Felix Bierbrauer

2662: One Size Fits All? Decentralization, Corruption, and the Monitoring of Bureaucrats

Christian Lessmann and Gunther Markwardt

2661: Identity and Entrepreneurship

Oliver Falck, Stephan Heblich and Elke Lüdemann

2660: Trade Agreements

Carsten Kowalczyk and Raymond Riezman

2659: Reforming Legislatures: Is one House better than two?

Giovanni Facchini and Cecilia Testa

2658: Economic Geography within and between European Nations: The Role of Market Potential and Density across Space and Time

Steven Brakman, Harry Garretsen, Charles van Marrewijk and Charles van Marrewijk

2657: What is an Award Worth? An Econometric Assessment of the Impact of Awards on Employee Performance

Susanne Neckermann, Reto Cueni and Bruno Frey

2656: Exchange Rate Management in Emerging Markets: Intervention via an Electronic Limit Order Book

Michael Melvin, Lukas Menkhoff and Maik Schmeling