CESifo Working Paper Series

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3090: Remittances and Financial Openness

Michel Beine, Elisabetta Lodigiani and Robert Vermeulen

3089: IMF Surveillance and Financial Markets - A Political Economy Analysis

Marcel Fratzscher and Julien Reynaud

3088: Fiscal Rules and Composition Bias in OECD Countries

Momi Dahan and Michel Strawczynski

3087: Determinants of Constitutional Change: Why do Countries Change their Form of Governments?

Bernd Hayo and Stefan Voigt

3086: School Competition and Students' Entrepreneurial Intentions: International Evidence Using Historical Catholic Roots of Private Schooling

Oliver Falck and Ludger Woessmann

3085: Interjurisdictional Linkages and the Scope for Interventionist Legal Harmonization

Andrzej Baniak and Peter Grajzl

3084: Labour Disputes and the Game of Legal Representation

Henri Fraisse

3083: International Carbon Emissions Trading and Strategic Incentives to Subsidize Green Energy

Thomas Eichner and Rüdiger Pethig

3082: Firm Level Productivity under Imperfect Competition in Output and Labor Markets

Sara Amoroso, Peter Kort, Bertrand Melenberg, Joseph Plasmans and Mark Vancauteren

3081: Supply, Demand and Monetary Policy Shocks in a Multi-Country New Keynesian Model

Stephane Dees, Mohammad Pesaran, L. Vanessa Smith and Ron P. Smith

3080: The VARying Effect of Foreign Shocks in Central and Eastern Europe

Rebeca Jiménez-Rodríguez, Amalia Morales-Zumaquero and Balázs Égert

3079: The Economic Consequences of Rising U.S. Government Debt: Privileges at Risk

Henning Bohn

3078: World Heritage List: Does it Make Sense?

Bruno Frey and Lasse Steiner

3077: How to Deal with Covert Child Labour, and Give Children an Effective Education, in a Poor Developing Country: An Optimal Taxation Problem with Moral Hazard

Alessandro Cigno

3076: The Effects of Taxation on the Location Decision of Multinational Firms: M&A vs. Greenfield Investments

Shafik Hebous, Martin Ruf, Alfons J. Weichenrieder and Alfons Weichenrieder

3075: Fiscal and Migration Competition

Assaf Razin and Efraim Sadka

3074: EU Banks Rating Assignments: Is there Heterogeneity between New and Old Member Countries?

Guglielmo Maria Caporale, Roman Matousek and Chris Stewart

3073: Optimal Liability Sharing and Court Errors: An Exploratory Analysis

Marcel Boyer and Donatella Porrini

3072: Optimal Monetary Policy when Agents are Learning

Krisztina Molnar and Sergio Santoro

3071: The Old-Boy Network and the Quality of Entrepreneurs

Mehmet Bac and Eren Inci

3070: Culture and Cooperation

Simon Gaechter, Benedikt Herrmann and Christian Thöni

3069: Estimating Incentive and Welfare Effects of Non-Stationary Unemployment Benefits

Andrey Launov and Klaus Wälde

3068: Why do Scandinavians Work?

Torben Andersen

3067: Core-stable Rings in Auctions with Independent Private Values

Omer Biran and Francoise Forges

3066: Strategic Trade Policy through the Tax System

Johannes Becker

3065: Do Undergraduate Majors or Ph.D. Students Affect Faculty Size?

William Becker, William Greene and John Siegfried

3064: Après nous le Déluge: Fertility and the Intensity of Struggle against Immigration

Leonid Azarnert

3063: Volatility Transmission in Emerging European Foreign Exchange Markets

Vit Bubak, Evžen Kocenda, Filip Zikes and Evžen Kočenda

3062: Efficient Management of Insecure Fossil Fuel Imports through Taxing (!) Domestic Green Energy?

Thomas Eichner and Rüdiger Pethig

3061: A Panel Data Investigation of Real Exchange Rate Misalignment and Growth

Ronald MacDonald and Flavio Vieira

3060: A New Approach to Solving Production-Appropriation Games with Many Heterogeneous Players

Richard Cornes, Roger Hartley and Yuji Tamura

3059: Marginal Tax Rates and Tax-Favoured Pension Savings of the Self-Employed - Evidence from Sweden

Håkan Selin

3058: Has the Euro Affected the Choice of Invoicing Currency?

Jenny Ligthart and Sebastian E. V. Werner

3057: The Patterns of Inter-firm and Inter-industry Knowledge Flows in the Netherlands

Joseph Plasmans and Ruslan Lukach

3056: Do Natural Resources Depress Income Per Capita?

Rabah Arezki and Frederick (Rick) van der Ploeg

3055: Econometric Analysis of High Dimensional VARs Featuring a Dominant Unit

Mohammad Pesaran and Alexander Chudik

3054: Limit-Order Submission Strategies under Asymmetric Information

Lukas Menkhoff, Carol Osler and Maik Schmeling

3053: Marginal Deadweight Loss when the Income Tax is Nonlinear

Sören Blomquist and Laurent Simula

3052: Active Currency Investing and Performance Benchmarks

Michael Melvin and Duncan Shand

3051: Redistributive Income Taxation under Outsourcing and Foreign Direct Investment

Thomas Aronsson and Erkki Koskela

3050: Competition and Stability in Banking

Xavier Vives

3049: A Race beyond the Bottom: The Nature of Bidding for a Firm

Taiji Furusawa, Kazumi Hori and Ian Wooton

3048: Tax-Competition with Involuntary Unemployment

Thomas Eichner and Thorsten Upmann

3047: Exports and Property Prices in France: Are they Connected?

Balázs Égert and Rafal Kierzenkowski

3046: Population under a Cap on Greenhouse Gas Emissions

Henning Bohn and Charles Stuart

3045: Pay as you Go: A New Proposal for Museum Pricing

Bruno Frey and Lasse Steiner

3044: Prices vs. Quantities and the Intertemporal Dynamics of the Climate Rent

Matthias Kalkuhl and Ottmar Edenhofer

3043: The Employment Effects of Low-Wage Subsidies

Kristiina Huttunen, Jukka Pirttilä and Roope Uusitalo

3042: A Note on the Computation of the Equity Premium and the Market Value of Firm Equity

Burkhard Heer and Alfred Maussner

3041: Multinational Capital Structure and Tax Competition

Matthias Wrede

3040: Tax Incentives, Bequest Motives, and the Demand for Life Insurance: Evidence from two Natural Experiments in Germany

Nicolas Sauter, Jan Walliser and Joachim Winter

3039: Technological Imitation and Innovation in New European Union Markets

Ainura Uzagalieva, Evžen Kocenda, António Menezes and Evžen Kočenda

3038: Aggressive Oil Extraction and Precautionary Saving: Coping with Volatility

Frederick (Rick) van der Ploeg

3037: The Economics of International Differences in Educational Achievement

Eric Hanushek and Ludger Woessmann

3036: Evaluating Nationwide Health Interventions when Standard Before-After Doesn't Work: Malawi's ITN Distribution Program

Eva Deuchert and Conny Wunsch

3035: Decentralization and Foreign Aid Effectiveness: Do Aid Modality and Federal Design Matter in Poverty Alleviation?

Christian Lessmann and Gunther Markwardt

3034: Multinationals, Minority Ownership and Tax-Efficient Financing Structures

Dirk Schindler and Guttorm Schjelderup

3033: Structural Change in OECD Comparative Advantage

Steven Brakman, Robert Inklaar, Charles van Marrewijk and Charles van Marrewijk

3032: Welfare Policy in the Presence of Unionised Labour and Internationally Mobile Firms

Silvia Rocha-Akis and Ronnie Schöb

3031: Forecasting Nonlinear Aggregates and Aggregates with Time-varying Weights

Helmut Lütkepohl

3030: The Effects of a Bonus Tax on Manager Compensation and Welfare

Doina Radulescu and Doina Maria Radulescu

3029: Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions?

Erik Snowberg and Justin Wolfers

3028: Optimal Delegation when the Large Shareholder has Multiple Tasks

Clara Graziano and Annalisa Luporini

3027: Is Economic Recovery a Myth? Robust Estimation of Impulse Responses

C. N. Teulings and Nick Zubanov

3026: Matching and Saving in Continuous Time: Proofs

Christian Bayer and Klaus Wälde

3026: Matching and Saving in Continuous Time: Theory

Christian Bayer and Klaus Wälde

3025: Immigration, Fertility, and Human Capital: A Model of Economic Decline of the West

Leonid Azarnert

3024: Making Sense of Non-Binding Retail-Price Recommendations

Stefan Buehler and Dennis Gärtner

3023: Conditional Volatility and Correlations of Weekly Returns and the VaR Analysis of 2008 Stock Market Crash

Bahram Pesaran and M. Hashem Pesaran

3022: Fiscal Federalism and Electoral Accountability

Toke Aidt and Jayasri Dutta

3021: Demand Patterns for Treatment Insurance in Norway

Karl Ove Aarbu

3020: Top-Down versus Bottom-Up Macroeconomics

Paul De Grauwe

3019: Offshoring Tasks, yet Creating Jobs?

Wilhelm Kohler and Jens Wrona

3018: Take it or Leave it: Take-up, Optimal Transfer Programs, and Monitoring

Laurence Jacquet

3017: Optimal Investment and Financial Strategies under Tax Rate Uncertainty

Alessandro Fedele, Paolo Panteghini and Sergio Vergalli

3016: Racial Differences in Body-Mass Indices for Men Imprisoned in 19th Century US Prisons: A Multinomial Approach

Scott A. Carson

3015: Time-Varying Spot and Futures Oil Price Dynamics

Guglielmo Maria Caporale, Davide Ciferri and Alessandro Girardi

3014: Identification of Voters with Interest Groups Improves the Electoral Chances of the Challenger

Vjollca Sadiraj, Jan Tuinstra and Frans van Winden

3013: The Pungent Smell of "Red Herrings": Subsoil Assets, Rents, Volatility and the Resource Curse

Frederick (Rick) van der Ploeg and Steven Poelhekke

3012: The Economics of Terrorism and Counter-Terrorism: A Survey (Part II)

Friedrich Schneider, Tilman Brück and Daniel Meierrieks

3011: The Economics of Terrorism and Counter-Terrorism: A Survey (Part I)

Friedrich Schneider, Tilman Brück and Daniel Meierrieks

3010: Migration and Networks: Does Education Matter more than Gender?

Michel Beine and Sara Salomone

3009: Renminbising China's Foreign Assets

Yin-Wong Cheung, Guonan Ma and Robert McCauley

3008: International Trade without CES: Estimating Translog Gravity

Dennis Novy

3007: Sample Selectivity and the Validity of International Student Achievement Tests in Economic Research

Eric Hanushek and Ludger Woessmann

3006: Why do Foreign Banks Withdraw from other Countries? A Panel Data Analysis

Aneta Hryckiewicz and Oskar Kowalewski

3005: Global Cartels, Leniency Programs and International Antitrust Cooperation

Jay Choi and Heiko Gerlach

3004: Price Coordination in Two-Sided Markets: Competition in the TV Industry

Hans Jarle Kind, Tore Nilssen and Lars Sørgard

3003: Climate Treaties and Backstop Technologies

Scott Barrett

3002: Does Cost Sharing really Reduce Inappropriate Prescriptions?

Joan Costa-i-Font and Marin Gemmill-Toyama

3001: Banking and Debt Crisis in Europe: The Dangerous Liaisons?

Bertrand Candelon and Franz Palm

3000: Public Provision, Commodity Demand and Hours of Work: An Empirical Analysis

Jukka Pirttilä and Ilpo Suoniemi

2999: Nineteenth Century Stature and Family Size: Binding Constraint or Productive Labor Force?

Scott A. Carson

2998: What Should we Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D

Valentina Bosetti, Carlo Carraro, Romain Duval and Massimo Tavoni

2997: A Comparison of Optimal Tax Policies when Compensation or Responsibility Matter

Laurence Jacquet and Dirk Van de gaer

2996: Do More Effective Teachers Earn More Outside of the Classroom?

Matthew M. Chingos and Martin R. West

2995: The Quantity Theory of Money: An Assessment of its Real Linchpin Prediction

Claude Hillinger and Bernd Süssmuth

2994: Effects of Prenatal and Early Life Malnutrition: Evidence from the Greek Famine

Sven Neelsen and Thomas Stratmann

2993: The Costs of Favoritism: Is Politically-driven Aid less Effective?

Axel Dreher, Stephan Klasen, James Vreeland and Eric Werker

2992: Buy Coal! Deposit Markets Prevent Carbon Leakage

Bard Harstad