CESifo Working Paper Series

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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 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 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 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 Heijdra and Pim Heijnen

2858: Market Access through Bound Tariffs

Davide Sala, Philipp 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

2855: A Vicious Cycle of Manias, Crashes and Asymmetric Policy Responses - An Overinvestment View

Andreas Hoffmann and Gunther Schnabl

2854: Source versus Residence Based Taxation with International Mergers and Acquisitions

Johannes Becker and Clemens Fuest

2853: Is the International Border Effect Larger than the Domestic Border Effect? Evidence from U.S. Trade

Cletus Coughlin and Dennis Novy

2852: Impacts of Labor Taxation with Perfectly and Imperfectly Competitive Domestic Labor Markets under Flexible Outsourcing

Erkki Koskela

2851: Intra-Industry Adjustment to Import Competition: Theory and Application to the German Clothing Industry

Horst Raff and Joachim Wagner

2850: The Relationship between Stature and Insolation: Evidence from Soldiers and Prisoners

Scott A. Carson

2849: The Impact of Fiscal Policy on Profits

Margarita Katsimi and Vassilis Sarantides

2848: Carve-Outs under Airline Antitrust Immunity

Jan Brueckner and Stef Proost

2847: Tear Down this Wall: On the Persistence of Borders in Trade

Volker Nitsch and Nikolaus Wolf

2846: Anthropometry of Love - Height and Gender Asymmetries in Interethnic Marriages

Michèle Belot and Jan Fidrmuc

2845: Testing for Convergence in Stock Markets: A Non-Linear Factor Approach

Guglielmo Maria Caporale, Burcu Erdogan and Vladimir Kuzin

2844: Firm-Specific Productivity Risk over the Business Cycle: Facts and Aggregate Implications

Ruediger Bachmann and Christian Bayer

2843: Oil Exports and the Iranian Economy

Hadi Esfahani, Kamiar Mohaddes and Mohammad Pesaran

2842: Competition and Gender Prejudice: Are Discriminatory Employers Doomed to Fail?

Andrea Weber and Christine Zulehner

2841: Right-Wing Extremism and the Well-Being of Immigrants

Andreas Knabe, Steffen Rätzel and Stephan Thomsen

2840: Why is there a Spike in the Job Finding Rate at Benefit Exhaustion?

Jan Boone, Jan C. van Ours and Jan C. van Ours

2839: Dynamic Trading and Asset Prices: Keynes vs. Hayek

Giovanni Cespa and Xavier Vives

2838: Does Military Draft Discourage Enrollment in Higher Education? Evidence from OECD Countries

Katarina Keller, Panu Poutvaara and Andreas Wagener

2837: Green Serves the Dirtiest: On the Interaction between Black and Green Quotas

Christoph Böhringer and Knut Einar Rosendahl

2836: The Life Satisfaction Approach to Environmental Valuation

Bruno Frey, Simon Luechinger and Alois Stutzer

2835: Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe

Ansgar Belke, Gunther Schnabl and Holger Zemanek

2834: Campaigns, Political Mobility, and Communication

Hans Gersbach

2833: The ECB's Enhanced Credit Support

Jean-Claude Trichet

2832: Early Warning System for Economic and Financial Risks in Kazakhstan

Biswanath Bhattacharyay, Dennis Dlugosch, Benedikt Kolb, Kajal Lahiri, Irshat Mukhametov and Gernot Nerb

2831: Production Technologies in Stochastic Continuous Time Models

Klaus Wälde

2830: Is Norway's Bird-in-Hand Stabilization Fund Prudent Enough? Fiscal Reactions to Hydrocarbon Windfalls and Graying Populations

Torfinn Harding and Frederick (Rick) van der Ploeg

2829: Political Economics of Higher Education Finance

Rainald Borck and Martin Wimbersky

2828: Reduction of Employment Protection in Europe: A Comparative Fuzzy-Set Analysis

Wolfgang Ochel, Anja Rohwer and Anja Hülsewig

2827: Institutionalized Bailouts and Fiscal Policy: The Consequences of Soft Budget Constraints

Alexander Fink and Thomas Stratmann

2826: Worker-Specific Effects of Globalisation

Hartmut Egger and Udo Kreickemeier

2825: Stay in School or Start Working? - The Human Capital Investment Decision under Uncertainty and Irreversibility

Natasa Bilkic, Thomas Gries and Margarethe Pilichowski

2824: Tax Competition and Income Sorting: Evidence from the Zurich Metropolitan Area

Christoph Schaltegger, Frank Somogyi and Jan-Egbert Sturm

2823: Banking Crisis Resolution Policy - Lessons from Recent Experience - which elements are needed for robust and efficient crisis resolution?

David Mayes

2822: Discrimination and Employment Protection

Steinar Holden and Asa Rosen

2821: The Political Economy of Conscription

Panu Poutvaara and Andreas Wagener

2820: Hybrid Historical Simulation VaR and ES: Performance in Developed and Emerging Markets

Saša Žiković and Randall Filer

2819: International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence

Guglielmo Maria Caporale, Thouraya Hadj Amor and Christophe Rault

2818: A New Two-Pillar Strategy for the ECB

Paul De Grauwe and Daniel Gros

2817: Imports, Pass-Through, and the Structure of Retail Markets

Horst Raff and Nicolas Schmitt

2816: Catch Me If You Can: Education and Catch-up in the Industrial Revolution

Sascha Becker, Erik Hornung, Ludger Woessmann and Sascha O. Becker

2815: Non-Partisan 'Get-Out-the-Vote' Efforts and Policy Outcomes

Dan Kovenock and Brian Roberson

2814: Out of Sight, Out of Mind? The Impact of Natural Disasters on Pregnancy Outcomes

Emilia Simeonova

2813: Economic Nationalism and Economic Integration: The Austro-Hungarian Empire in the Late Nineteenth Century

Max-Stephan Schulze and Nikolaus Wolf

2812: Social Security Incidence under Uncertainty Assessing Italian Reforms

Devis Geron

2811: Temporary Migration Policies and Welfare of the Host and Source Countries: A Game-Theoretic Approach

Slobodan Djajic and Michael Michael

2810: The Cross-section of Firms over the Business Cycle: New Facts and a DSGE Exploration

Ruediger Bachmann and Christian Bayer