CESifo Working Paper Series

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2355: A Test of the Law of Demand in a Virtual World: Exploring the Petri Dish Approach to Social Science

Edward Castronova

2354: Corruption, Seigniorage and Growth: Theory and Evidence

Keith Blackburn, Kyriakos Neanidis and M. Emranul Haque

2353: Alternative Social Security Systems and Growth

Michael Kaganovich and Itzhak Zilcha

2352: The Johansson-Samuelson Theorem in General Equilibrium: A Rebuttal

Francesco Menoncin and Paolo Panteghini

2351: Habit Formation and Labor Supply

Helmuth Cremer, Philippe De Donder, Darío Maldonado and Pierre Pestieau

2350: Contract Enforcement and Institutions among the Maghribi Traders: Refuting Edwards and Ogilvie

Avner Greif

2349: The Environmental and Macroeconomic Effects of Socially Responsible Investment

Lammertjan Dam and Ben J. Heijdra

2348: Insuring Educational Risk: Opportunities versus Income

Dirk Schindler and Benjamin Weigert

2347: On the Causes and Consequences of Divorce

Alessandro Balestrino, Cinzia Ciardi and Claudio Mammini

2346: Employment Protection: The Case of Limited Enforceability

Florian Baumann

2345: Yardstick Competition, Corruption, and Electoral Incentives

Ngo Long and Bodhisattva Sengupta

2344: Fairness, Trade, and Inequality

Hartmut Egger and Udo Kreickemeier

2343: Evolutionarily Stable Preferences in Contests

Wolfgang Leininger

2342: Asset Price Shocks, Real Expenditures, and Financial Structure: A Multi-Country Analysis

Bob Chirinko, Leo de Haan and Elmer Sterken

2341: Minimum Standards, Fixed Costs and Taxing Autonomy of Subnational Governments

Helmut Seitz

2340: The Effect of Extending the Duration of Eligibility in an Italian Labour Market Programme for Dismissed Workers

Adriano Paggiaro, Enrico Rettore and Ugo Trivellato

2339: Does Fertility Respond to Financial Incentives?

Guy Laroque and Bernard Salanié

2338: Tax Competition, Elastic Labor Supply, and Growth

Ulrich Hange

2337: The Leader as Catalyst – on Leadership and the Mechanics of Institutional Change

Sumon Majumdar and Sharun Mukand

2336: Markets for Information: Of Inefficient Firewalls and Efficient Monopolies

Antonio Cabrales and Piero Gottardi

2335: Does Partisan Alignment Affect the Electoral Reward of Intergovernmental Transfers?

Albert Solé-Ollé and Pilar Sorribas-Navarro

2334: Optimal Litigation Strategies with Signaling and Screening

Philippe Choné and Laurent Linnemer

2333: Outsourcing and Labor Taxation in Dual Labor Markets

Erkki Koskela and Panu Poutvaara

2332: “Every Catholic Child in a Catholic School”: Historical Resistance to State Schooling, Contemporary Private Competition, and Student Achievement across Countries

Martin R. West and Ludger Woessmann

2331: Social Identity and Voter Turnout

Avi Ben-Bassat and Momi Dahan

2330: Modelling Long-Run Trends and Cycles in Financial Time Series Data

Guglielmo Maria Caporale, Juncal Cuñado and Luis Gil-Alana

2329: Corporate Debt, Hybrid Securities and the Effective Tax Rate

Paolo Panteghini

2328: A Theory of Urban Squatting and Land-Tenure Formalization in Developing Countries

Jan Brueckner and Harris Selod

2327: Horizontal versus Vertical Interdependence in Multinational Activity

Harald Badinger and Peter Egger

2326: Optimal Asset Allocation with Factor Models for Large Portfolios

Mohammad Pesaran and Paolo Zaffaroni

2325: Forced Saving, Redistribution and Nonlinear Social Security Schemes

Helmuth Cremer, Philippe De Donder, Darío Maldonado and Pierre Pestieau

2324: Great Moderation at the Firm Level? Unconditional vs. Conditional Output Volatility

Claudia Buch, Jörg Döpke and Kerstin Stahn

2323: Firms’ Ethics, Consumer Boycotts, and Signalling

Amihai Glazer, Vesa Kanniainen and Panu Poutvaara

2322: Testing the Pareto Efficiency of Household Resource Allocations

Patricia Apps and Ray Rees

2321: Subsidies for Intracity and Intercity Commuting

Rainald Borck and Matthias Wrede

2320: Corporate Income Taxation of Multinationals in a General Equilibrium Model

Thomas Eichner and Marco Runkel

2319: Optimum Taxation of Inheritances

Johann Brunner and Susanne Pech

2318: Macroeconomic Modeling when Agents are Imperfectly Informed

Paul De Grauwe

2317: Demographic Change and Public Sector Budgets in a Federal System

Michael Hofmann, Gerhard Kempkes and Helmut Seitz

2316: Restrictive Immigration Policy in Germany: Pains and Gains Foregone?

Gabriel Felbermayr, Wido Geis-Thöne, Wilhelm Kohler and Gabriel J. Felbermayr

2315: Demographic Change and Regional Labour Markets: The Case of Eastern Germany

Beate Henschel, Carsten Pohl and Marcel Thum

2314: Productive Government Expenditure and Economic Growth

Andreas Irmen and Johanna Kuehnel

2313: Bankruptcy: Is it enough to Forgive or must we also Forget?

Ronel Elul and Piero Gottardi

2312: Unionisation Triggers Tax Incentives to Attract Foreign Direct Investment

Andreas Haufler and Ferdinand Mittermaier

2311: Which Communities should be afraid of Mobility? The Effects of Agglomeration Economies on the Sensitivity of Firm Location to Local Taxes

Jordi Jofre-Monseny and Albert Solé-Ollé

2310: Dissipative Advertising Signals Quality even without Repeat Purchases

Laurent Linnemer

2309: Labour Taxation and Foreign Direct Investment

Peter Egger, Doina Radulescu and Doina Maria Radulescu

2308: Using Chebyshev Polynomials to Approximate Partial Differential Equations

Guglielmo Maria Caporale and Mario Cerrato

2307: The Intergenerational Transmission of Risk and Trust Attitudes

Thomas Dohmen, Armin Falk, David Huffman and Uwe Sunde

2306: Tax Neutrality: Illusion or Reality? The Case of Entrepreneurship

Vesa Kanniainen and Paolo Panteghini

2305: The Role of Stigma in the Design of Welfare Programs

Tomer Blumkin, Yoram Margalioth and Efraim Sadka

2304: The Political Economy of Post-Compulsory Education Policy with Endogenous Credit Constraints

Dan Anderberg and Alessandro Balestrino

2303: Public Provision of Private Goods and Nondistortionary Marginal Tax Rates

Sören Blomquist, Vidar Christiansen and Luca Micheletto

2302: Slot-Based Approaches to Airport Congestion Management

Jan Brueckner

2301: GM Estimation of Higher Order Spatial Autoregressive Processes in Panel Data Error Component Models

Harald Badinger and Peter Egger

2300: Interest Income Tax Evasion, the EU Savings Directive, and Capital Market Effects

Tina Klautke, Alfons J. Weichenrieder and Alfons Weichenrieder

2299: Does the Housing Market React to New Information on School Quality?

Jon Fiva and Lars Kirkebøen

2298: Reforming European Universities: Scope for an Evidence-Based Process

Reinhilde Veugelers and Frederick (Rick) van der Ploeg

2297: Taxing Sin Goods and Subsidizing Health Care

Helmuth Cremer, Philippe De Donder, Darío Maldonado and Pierre Pestieau

2296: Regional Origins of Employment Volatility: Evidence from German States

Claudia Buch and Martin Schlotter

2295: The Structure of the American Economy

Eric Fisher and Kathryn G. Marshall

2294: Unlocking the Value of Cross-Border Mergers and Acquisitions

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

2293: Forecasting Random Walks Under Drift Instability

Mohammad Pesaran and Andreas Pick

2292: Socially-Tolerable Discrimination

J. Atsu Amegashie

2291: The Value of a Statistical Life under Ambiguity Aversion

Nicolas Treich

2290: A Two-Country NATREX Model for the Euro/Dollar

Marianna Belloc and Daniela Federici

2289: Do Surveillance Cameras Affect Unruly Behavior? A Close Look at Grandstands

Mikael Priks

2288: Off-Shoring and Productivity Growth in the Italian Manufacturing Industries

Francesco Daveri and Cecilia Jona-Lasinio

2287: Cost and Benefit of Apprenticeship Training – A Comparison of Germany and Switzerland

Regina Dionisius, Samuel Muehlemann, Harald Pfeifer, Günter Walden, Felix Wenzelmann and Stefan Wolter

2286: Lender of Last Resort and Bank Closure Policy

Xavier Freixas and Bruno Maria Parigi

2285: Does Membership in International Organizations Increase Governments’ Credibility? Testing the Effects of Delegating Powers

Axel Dreher and Stefan Voigt

2284: Institutions and Contract Enforcement

Armin Falk, David Huffman and W. Bentley Macleod

2283: Qualifying Religion: The Role of Plural Identities for Educational Production

Timo Boppart, Josef Falkinger, Volker Grossmann, Ulrich Woitek and Gabriela Wüthrich

2282: Modeling International Trade Flows between CEEC and OECD Countries

Christophe Rault, Robert Sova and Ana Maria Sova

2281: A VECX Model of the Swiss Economy

Katrin Assenmacher and Mohammad Pesaran

2280: The Political Economy of Regional Integration Projects at Borders where Rich and Poor Meet: The Role of Cross-Border Shopping and Community Sorting

Kristof Dascher and Alexander Haupt

2279: Integrating with their Feet: Cross-Border Lending at the German-Austrian Border

Jarko Fidrmuc and Christa Hainz

2278: Value Function Iteration as a Solution Method for the Ramsey Model

Burkhard Heer and Alfred Maussner

2277: Is Prescott Right? Welfare State Policies and the Incentives to Work, Learn and Retire

Bas Jacobs

2276: Integrated Reforms of Indirect Taxes in the Presence of Pollution

Michael Michael, Sajal Lahiri and Panos Hatzipanayotou

2275: Deviations from the Law of One Price in Japan

Yin-Wong Cheung and Eiji Fujii

2274: Too many Cooks? Committees in Monetary Policy

Helge Berger and Volker Nitsch

2273: Shifts in Organizational Form under a Dual Income Tax System

Thor Thoresen and Annette Alstadsæter

2272: The Undisclosed Renminbi Basket: Are the Markets Telling us something about where the Renminbi – US Dollar Exchange Rate is Going?

Michael Funke and Marc Gronwald

2271: Scylla and Charybdis. Explaining Europe’s Exit from Gold, January 1928 – December 1936

Nikolaus Wolf

2270: How Social Reputation Networks Interact with Competition in Anonymous Online Trading: An Experimental Study

Gary Bolton, Claudia Loebbecke and Axel Ockenfels

2269: Outsourcing and Optimal Nonlinear Taxation: A Note

Thomas Aronsson and Erkki Koskela

2268: Cyclical Fiscal Policy, Output Volatility, and Economic Growth

Harald Badinger

2267: The Role of Workfare in Striking a Balance between Incentives and Insurance in the Labour Market

Torben Andersen and Michael Svarer

2266: Platform Intermediation in a Market for Differentiated Products

Andrea Galeotti and José Luis Moraga Gonzales

2265: The Irreversibility Premium

Bob Chirinko and Huntley Schaller

2264: Entrepreneurial Innovation and Sustained Long-run Growth without Weak or Strong Scale Effects

Volker Grossmann

2263: Forecasting Economic and Financial Variables with Global VARs

Mohammad Pesaran, Til Schuermann and L. Vanessa Smith

2262: Efficiency Enhancing Taxation in Two-sided Markets

Hans Jarle Kind, Marko Köthenbürger and Guttorm Schjelderup

2261: The Paradoxes of Revenge in Conflicts

J. Atsu Amegashie and Marco Runkel

2260: Property Insurance, Portfolio Selection and their Interdependence

Fwu-Ranq Chang

2259: Geography vs. Institutions at the Village Level

Michael Grimm and Stephan Klasen

2258: The Impact of Continuous Training on a Firm’s Innovations

Stefan Bauernschuster, Oliver Falck and Stephan Heblich

2257: The Regulatory Response to the Financial Crisis

Charles A. E. Goodhart

2256: Health, Wealth and Inequality: a Contribution to the Debate about the Relationship between Inequality and Health

Scott A. Carson