CEPR Discussion Papers

From Centre for Economic Policy Research
33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

10411: Industry location and wages: The role of market size and accessibility in trading networks

Javier Barbero, Kristian Behrens and José Zofío

10410: Empirical Games of Market Entry and Spatial Competition in Retail Industries

Victor Aguirregabiria and Junichi Suzuki

10409: Designing a Simple Loss Function for the Fed: Does the Dual Mandate Make Sense?

Davide Debortoli, Jinill Kim, Lindé, Jesper and Ricardo Nunes

10408: Get Rid of Unanimity: The Superiority of Majority Rule with Veto Power

Laurent Bouton, Aniol Llorente-Saguer and Frederic Malherbe

10407: Intergovernmental Grants as Signals and the Alignment Effect: Theory and Evidence

Emanuele Bracco, Ben Lockwood, Francesco Porcelli and Michela Redoano

10406: The Economic Consequences of Social Network Structure

Matthew Jackson, Brian Rogers and Yves Zenou

10405: Does polarization of opinions lead to polarization of platforms? the case of correlation neglect

Gilat Levy and Ronny Razin

10404: Understanding the Decline in the Price of Oil since June 2014

Lutz Kilian and Christiane Baumeister

10403: Partner Choice and the Marital College Premium: Analyzing Marital Patterns Over Several Decades

Chiappori, Pierre-André, Salanié, Bernard and Yoram Weiss

10402: Global Sunspots and Asset Prices in a Monetary Economy

Roger Farmer

10401: Unequal Bequests

Marco Francesconi, Robert Pollak and Domenico Tabasso

10400: Ambiguity, Disagreement, and Allocation of Control in Firms

David Dicks and Paolo Fulghieri

10399: Social Capital, Trust, and Firm Performance during the Financial Crisis

Karl Lins, Henri Servaes and Ane Tamayo

10398: Economic Effects of the Abolition of Serfdom: Evidence from the Russian Empire

Andrei Markevich and Ekaterina Zhuravskaya

10397: The Limits of Career Concerns in Federalism: Evidence from China

Petra Persson and Ekaterina Zhuravskaya

10396: The International Transmission of Credit Bubbles: Theory and Policy

Martín, Alberto and Jaume Ventura

10395: Why organizations fail: models and cases

Luis Garicano and Luis Rayo

10394: Segregation in Education and Labour Market Discrimination: The Role of Peer Beliefs

Gilat Levy and Ronny Razin

10393: Premature Deindustrialization

Dani Rodrik

10392: Stock Market Returns, Corporate Governance and Capital Market Equilibrium

Bruno Parigi, Loriana Pelizzon and Ernst-Ludwig von Thadden

10391: Innovation and Trade in the Presence of Credit Constraints

Reto Foellmi, Stefan Legge and Alexa Tiemann

10390: Factor based identification-robust inference in IV regressions

George Kapetanios, Lynda Khalaf and Massimiliano Marcellino

10389: Learning to open up: Capital account liberalizations in the post-Bretton Woods era

Zorobabel Bicaba and Fabrizio Coricelli

10388: Was the Classical Gold Standard Credible on the Periphery? Evidence from Currency Risk

Kris Mitchener and Marc Weidenmier

10387: Optimal capital requirements over the business and financial cycles

Frederic Malherbe

10386: The Social Cost of Air Traffic Delays

Etienne Billette de Villemeur, Marc Ivaldi, Emile Quinet and Miguel Urdanoz

10385: A Welfare Assessment of Revenue Management Systems

Nicolas Dupuis, Marc Ivaldi and Jerome Pouyet

10384: Air Ticket Sales as Bids from Airline Alliances

Marc Ivaldi, Milena Petrova and Miguel Urdanoz

10383: Time Inconsistent Preferences and the Annuitization Decision

Philipp Schreiber and Martin Weber

10382: Small sample performance of indirect inference on DSGE models

Vo Phuong Mai Le, David Meenagh, A. Patrick Minford and Michael R. Wickens

10381: Health provider networks, quality and costs

Jan Boone and Schottmüller, Christoph

10380: Optimal Income Taxation: Mirrlees Meets Ramsey

Jonathan Heathcote and Hitoshi Tsujiyama

10379: Managing the Family Firm: Evidence from CEOs at Work

Oriana Bandiera, Renata Lemos, Andrea Prat and Raffaella Sadun

10378: Bank Capital, Liquid Reserves, and Insolvency Risk

Julien Hugonnier and Erwan Morellec

10377: Second-price common value auctions with uncertainty, private and public information: experimental evidence

Isabelle Brocas, Juan D. Carrillo and Manuel Castro

10376: The Great Recession was not so Great

Jan C. van Ours

10375: Mansion tax: The Effect of Transfer Taxes on the Residential Real Estate Market

Wojciech Kopczuk and David Munroe

10374: Volatility and Political Institutions: Theory and Application to Economic Growth

Timothy Besley and Hannes Mueller

10373: Institutions, Volatility and Investment

Timothy Besley and Hannes Mueller

10372: Norms, Enforcement, and Tax Evasion

Timothy Besley, Anders Jensen and Torsten Persson

10371: The Economics of Temporary Migrations

Christian Dustmann and Görlach, Joseph-Simon

10370: Monetary policy, bank bailouts and the sovereign-bank risk nexus in the euro area

Marcel Fratzscher and Malte Rieth

10369: Life-Cycle Portfolio choice with Liquid and Illiquid Assets

Claudio Campanale, Carolina Fugazza and Francisco Gomes

10368: What Do We Know About Evolution of Top Wealth Shares in the United States?

Wojciech Kopczuk

10367: Taking the Lord's Name in Vain: The Impact of Connected Directors on 19th century British Banks

Richard Grossman and Masami Imai

10366: Mark-up and Cost Dispersion across Firms: Direct Evidence from Producer Surveys in Pakistan

David Atkin, Azam Chaudhry, Shamyla Chaudry, Amit Khandelwal and Eric Verhoogen

10365: Wage Inequality and Firm Growth

Holger Mueller, Paige Ouimet and Elena Simintzi

10364: Reading Managerial Tone: How Analysts and the Market Respond to Conference Calls

Marina Druz, Alexander Wagner and Richard Zeckhauser

10363: A Structural Model of the Retail Market for Illicit Drugs

Manolis Galenianos and Alessandro Gavazza

10362: Inside the Crystal Ball: New Approaches to Predicting the Gasoline Price at the Pump

Christiane Baumeister, Lutz Kilian and Thomas K Lee

10361: Fighting the Last War: Economists on the Lender of Last Resort

Richard Grossman and Hugh Rockoff

10360: Capital and Labor Reallocation within Firms

Xavier Giroud and Holger Mueller

10359: A Model of Market and Political Power Interactions for Southern Europe

Tryphon Kollintzas, Dimitris Papageorgiou and Vanghelis Vassilatos

10358: Credit Supply and the Housing Boom

Alejandro Justiniano, Giorgio Primiceri and Andrea Tambalotti

10357: On the Global Supply of Basic Research

Hans Gersbach and Maik Schneider

10356: The world is not yet flat: Transport costs matter!

Kristian Behrens, Theophile Bougna and W. Mark Brown

10355: Gender Gaps in Completed Fertility

Erica Field, Vera Molitor and Michele Tertilt

10354: Effect of Income on Trust: Evidence from the 2009 Crisis in Russia

Maxim Ananyev and Sergei Guriev

10353: Fiscal Multipliers in Recessions

Matthew Canzoneri, Fabrice Collard, Harris Dellas and Behzad Diba

10352: Optimal Spatial Taxation: Are Big Cities too Small?

Jan Eeckhout and Nezih Guner

10351: Long-run bulls and bears

Rui Albuquerque, Martin Eichenbaum, Dimitris Papanikolaou and Sergio Rebelo

10350: Does Finance Benefit Society?

Luigi Zingales

10349: The Political Economy of US Bailouts, Unconventional Monetary Policy, Credit Arrest and Inflation during the Financial Crisis

Alex Cukierman

10348: Networks in Conflict: Theory and Evidence from the Great War of Africa

Michael Koenig, Dominic Rohner, Mathias Thoenig and Fabrizio Zilibotti

10347: Austerity in 2009-2013

Alberto Alesina, Omar Barbiero, Carlo Favero, Francesco Giavazzi and Matteo Paradisi

10346: Moving House

L. Rachel Ngai and Kevin Sheedy

10345: Spillovers of Prosocial Motivation: Evidence from an Intervention Study on Blood Donors

Adrian Bruhin, Lorenz Goette, Simon Haenni and Lingqing Jiang

10344: Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi

Raphael Auer

10343: Optimal Patronage

Mikhail Drugov

10342: Buying First or Selling First in Housing Markets

Espen Moen, Plamen T. Nenov and Florian Sniekers

10341: The Tower of Babel in the Classroom: Immigrants and Natives in Italian Schools

Rosario Ballatore, Margherita Fort and Andrea Ichino

10340: Sequential Auctions with Capacity Constraints: an Experimental Investigation

Isabelle Brocas, Juan D. Carrillo and F. Javier Otamendi

10339: International Credit Flows and Pecuniary Externalities

Markus Brunnermeier and Yuliy Sannikov

10338: Education, HIV, and Early Fertility: Experimental Evidence from Kenya

Esther Duflo, Pascaline Dupas and Michael Kremer

10337: College Diversity and Investment Incentives

Thomas Gall, Patrick Legros and Andrew Newman

10336: Origins of Stock Market Fluctuations

Daniel Greenwald, Martin Lettau and Sydney Ludvigson

10335: Capital Share Risk and Shareholder Heterogeneity in U.S. Stock Pricing

Martin Lettau, Sydney Ludvigson and Sai Ma

10334: Rare Disasters and Exchange Rates

Emmanuel Farhi and Xavier Gabaix

10333: A Colonial Legacy of African Gender Inequality? Evidence from Christian Kampala, 1895-2011

Felix Meier zu Selhausen and Jacob Weisdorf

10332: Risk Aversion in a Dynamic Asset Allocation Experiment

Isabelle Brocas, Juan D. Carrillo, Aleksandar Giga and Fernando Zapatero

10331: China?s Decentralized Privatization and Change of Control Rights

Jie Gan, Yan Guo and Cheng-Gang Xu

10330: Limited Nominal Indexation of Optimal Financial Contracts

Meh, Césaire A., Vincenzo Quadrini and Yaz Terajima

10329: Advertising and Mutual Funds: From Families to Individual Funds

Steven Gallaher, Ron Kaniel and Laura Starks

10328: Asset Return Predictability in a Heterogeneous Agent Equilibrium Model

Murray Carlson, David Chapman, Ron Kaniel and Hong Yan

10327: Bargaining under the Illusion of Transparency

Madarász, Kristóf

10326: Do Measures of Financial Constraints Measure Financial Constraints?

Joan Farre-Mensa and Alexander Ljungqvist

10325: International Currency Exposures, Valuation Effects and the Global Financial Crisis

Bénétrix, Agustín, Philip Lane and Jay Shambaugh

10324: Product Line Design

Simon Anderson and Levent Celik

10323: Moderating Political Extremism: Single Round vs Runoff Elections under Plurality Rule

Guido Tabellini, Massimo Bordignon and Tommaso Nannicini

10322: The Long and the Short of It: Sovereign Debt Crises and Debt Maturity

Fernández, Raquel and Martín, Alberto

10321: Which club should I attend, Dad?: Targeted socialization and production

Esther Hauk and Facundo Albornoz

10320: Political and Economic Institutions of China and Their Influences

Cheng-Gang Xu

10319: Business Cycle Fluctuations and the Distribution of Consumption

Luca Gambetti and Giacomo De Giorgi

10318: Option-Based Credit Spreads

Pietro Veronesi, Yoshio Nozawa and Christopher L. Culp

10317: Gender Differences in Honesty: Groups Versus Individuals

Gerd Muehlheusser, Andreas Roider and Niklas Wallmeier

10316: Capital Regulation in a Macroeconomic Model with Three Layers of Default

Javier Suarez, Alexis Derviz, Kalin Nikolov, Laurent Clerc, Caterina Mendicino, Livio Stracca, Alexandros Vardoulakis and Stéphane Moyen

10315: Austerity

Harris Dellas and Dirk Niepelt

10314: Global Liquidity and Drivers of Cross-Border Bank Flows

Stijn Claessens, Lev Ratnovski and Eugenio Cerutti

10313: Pricing a Package of Services

Dezsoe Szalay and Felix Ketelaar

10312: Managerial Incentive Problems and Return Distributions

Dezsoe Szalay and Venuga Yokeeswaran