CEPR Discussion Papers

From C.E.P.R. Discussion Papers
Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
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4118: Explaining Differences in Hospital Performance: Does the Answer Lie in the Labour Market?

Simon Burgess, Carol Propper and Denise Gossage

4117: Three Models of Imperfect Transparency in Monetary Policy

Andrew Hughes Hallett and Maria Demertzis

4116: Information Sharing and Cumulative Innovation in Business Networks

Gilles Saint-Paul

4115: Good Jobs, Bad Jobs and Redistribution

Kjell Lommerud and Bjørn Sandvik

4114: Monetary Policy Rules, Asset Prices and Exchange Rates

Jagjit Chadha, Lucio Sarno and Giorgio Valente

4113: A Note on Optimal Law Enforcement with Legal Aid

Nuno Garoupa and Frank Stephen

4112: Endogeneity of Currency Areas and Trade Blocs: Evidence from the Inter-war Period

Albrecht Ritschl and Nikolaus Wolf

4111: Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates

Klaus Adam and Roberto Billi

4110: Trading Market Access for Competition Policy Enforcement

Kamal Saggi

4109: Government Procurement: Market Access, Transparency, and Multilateral Trade Rules

Simon Evenett

4108: The Dynamics of the Colombian Civil Conflict: A New Data Set

Michael Spagat, Jorge Restrepo and Juan Vargas

4107: Subsidies to Poor Regions and Inequalities: Some Unpleasant Arithmetic

Philippe Martin and Vincent Dupont

4106: Identifying the Monetary Transmission Mechanism Using Structural Breaks

Roger Farmer and Andreas Beyer

4105: Underpricing in Discriminatory and Uniform-Price Treasury Auctions

David Goldreich

4104: Duration Dependence in Stock Prices: An Analysis of Bull and Bear Markets

Allan Timmermann and Asger Lunde

4103: Monotone Equilibria in Bayesian Games of Strategic Complementarities

Xavier Vives and Timothy Van Zandt

4102: The European Phillips Curve: Does the NAIRU Exist?

Dennis Snower, Marika Karanassou and Hector Sala

4101: On the Indeterminacy of Determinacy and Indeterminacy

Roger Farmer and Andreas Beyer

4100: Growth Strategies

Dani Rodrik

4099: Technology Transfer and Spillovers in International Joint Ventures

Monika Schnitzer and Müller, Thomas

4098: Understanding the Recovery Rates on Defaulted Securities

Viral Acharya, Sreedhar T Bharath and Anand Srinivasan

4097: Taxation and Venture Capital-Backed Entrepreneurship

Søren Nielsen and Christian Keuschnigg

4096: The Demand for Coordination

Wouter Dessein and Tano Santos

4095: On Footloose Industries, Asymmetric Information and Wage Bargaining

Ravi Kanbur and Nancy Chau

4094: On-the-Job Search in a Matching Model with Heterogeneous Jobs and Workers

Juan Dolado, Juan F Jimeno and Marcel Jansen

4093: Does the Separation of Regulatory Powers Reduce the Threat of Capture? Evidence from the US Maritime Bureaucracy

Marín Uribe, Pedro Luis and Richard Sicotte

4092: Late Informed Betting and the Favourite-Longshot Bias

Marco Ottaviani and Sørensen, Peter Norman

4091: Does Anonymity Matter in Electronic Limit Order Markets?

Thierry Foucault, Sophie Moinas and Erik Theissen

4090: The Impact of R&D Subsidies on the Introduction of New Products by Incumbent Firms

Ralph Siebert

4089: Credible Vertical Preemption

Ralph Siebert

4088: Measuring Heterogeneity in the Returns to Education in Norway Using Educational Reforms

Kjell G Salvanes, Arild Aakvik and Kjell Vaage

4087: What Caused the Early Millennium Slowdown? Evidence Based on Vector Autoregressions

Gert Peersman

4086: Media Capture and Wealth Concentration

Giacomo Corneo

4085: Knowledge Diffusion, Supplier's Technological Effort and Technology Transfer via Vertical Relationships

Ai Ting Goh

4084: Does Binding of Feedback Influence Myopic Loss Aversion? An Experimental Analysis

Martin Weber and Thomas Langer

4083: Poole in the New Keynesian Model

Harris Dellas and Fabrice Collard

4082: The Case for Inflation Stability

Harris Dellas and Fabrice Collard

4081: An Experimental Study of Storable Votes

Alessandra Casella, Thomas Palfrey and Andrew Gelman

4080: Auctions with Private Entry Costs

Aner Sela and Todd Kaplan

4079: Unionization Structures and Innovation Incentives

Christian Wey and Justus Haucap

4078: Location of R&D and High-Tech Production by Vertically-Integrated Multinationals

Karolina Ekholm and Katariina Nilsson Hakkala

4077: Market Access for Sale: Latin America's Lobbying for US Tariff Preferences

Marcelo Olarreaga, Hiau Looi Kee and Peri Silva

4076: The Informational Role of the Business Cycle

Harris Dellas

4075: Incentive Contracts and Elections for Politicians with Multi-Task Problems

Hans Gersbach and Verena Liessem

4074: The Impact of Length of the School Year on Student Performance and Earnings: Evidence from the German Short School Years

Jorn-Steffen Pischke

4073: A Quantitative Exploration of the Opportunistic Approach to Disinflation

Yunus Aksoy, Athanasios Orphanides, Volker Wieland, David Wilcox and David Small

4072: Optimal Information Management: Organizations versus Markets

Micael Castanheira and Leppämäki, Mikko

4071: EU Conciliation Committee: Council 56 versus Parliament 6

Mika Widgrén and Stefan Napel

4070: Microeconomic Sources of Equity Risk

Michael Wickens

4069: Competitive Non-Linear Pricing in Duopoly Equilibrium: The Early US Cellular Telephone Industry

Röller, Lars-Hendrik and Eugenio Miravete

4068: Is There Evidence of Pessimism and Doubt in Subjective Distributions? A Comment on Abel

Söderlind, Paul and Paolo Giordani

4067: C-CAPM and the Cross-Section of Sharpe Ratios

Söderlind, Paul

4066: Who Integrates?

Armin Schmutzler and Bühler, Stefan

4065: Inter-regional and International Trade: Seventy Years After Ohlin

Jacques Thisse, Gianmarco Ottaviano, Gaigné, Carl and Kristian Behrens

4064: Fertility and Financial Incentives in France

Guy Laroque and Salanié, Bernard

4063: Welfare Implications of User Innovation

Joachim Henkel and Eric von Hippel

4062: Microfoundations of Urban Agglomeration Economies

Gilles Duranton and Diego Puga

4061: Immigration and Inter-Regional Mobility in the UK, 1982-2000

Timothy Hatton and Max Tani

4060: International Good Market Segmentation and Financial Market Structure

Suleyman Basak and Benjamin Croitoru

4059: Kleptocracy and Divide-and-Rule: A Model of Personal Rule

Thierry Verdier, Daron Acemoglu and James Robinson

4058: Efficiency Wages and Unemployment in Cities: The Case of High Relocation Costs

Yves Zenou

4057: Corruption and Openness

Avi Simhon, M. Daniele Paserman and Zvika Neeman

4056: Ownership and Control in Joint Ventures: Theory and Evidence

Ulrich Hege and Robert Hauswald

4055: On the Causes of Overlending: Are Guarantees on Deposits the Culprit?

Mariassunta Giannetti

4054: An Economic Model of Child Custody

Abhinay Muthoo and Marco Francesconi

4053: Taxing Risky Investment

Michael Devereux

4052: Immigrating to Opportunity: Estimating the Effect of School Quality Using a Natural Experiment on Ethiopians in Israel

Eric Gould, Victor Lavy and M. Daniele Paserman

4051: Takeovers and the Dynamics of Information Flows

Gilles Chemla

4050: Mixed Signals in Defending the Exchange Rate: What do the Data Say?

Allan Drazen and Stefan Hubrich

4049: Where Does the Political Budget Cycle Really Come From?

Allan Drazen and Adi Brender

4048: Communication Externalities in Cities

Gilles Duranton and Sylvie Charlot

4047: Durable Goods with Quality Differentiation

Roman Inderst

4046: The Labour Market Effects of Payroll Taxes in a Middle-Income Country: Evidence from Colombia

Adriana Kugler and Maurice Kugler

4045: The Changing Distribution of Male and Female Wages, 1978-2000: Can the Simple Skills Story be Rejected?

Amanda Gosling

4044: Democratic Public Good Provision

Fabrizio Zilibotti, John Hassler and Kjetil Storesletten

4043: Structural Reforms and the Macroeconomy: The Role of General Equilibrium Effects

Hans Gersbach

4042: The Dynamics of Government: A Positive Analysis

Fabrizio Zilibotti, John Hassler and Kjetil Storesletten

4041: Distance and FDI When Contracts are Incomplete

Gianmarco Ottaviano and Alessandro Turrini

4040: National versus International Mergers in Unionised Oligopoly

Sørgard, Lars and Kjell Lommerud

4039: Inside-Outside Money Competition

Ramon Marimon, Pedro Teles and Juan Pablo Nicolini

4038: Relative Performance Evaluation Contracts and Asset Market Equilibrium

Allan Timmermann and Sandeep Kapur

4037: Properties of Optimal Forecasts

Allan Timmermann and Andrew Patton

4036: Responsive Pricing

Pascal Courty and Mario Pagliero

4035: Dynamic Yardstick Regulation

Antoine Faure-Grimaud and Reiche, Sönje Kerrin

4034: Trading Volume with Career Concerns

Andrea Prat and Amil Dasgupta

4033: Panel Index VAR Models: Specification, Estimation, Testing and Leading Indicators

Fabio Canova and Matteo Ciccarelli

4032: Trade Liberalization and Developing Countries Under the Doha Round

Joseph Francois, Frank van Tongeren and Hans Meijl

4031: Job Protection Laws and Agency Problems Under Asymmetric Information

Patrick Schmitz

4030: Why Do Emerging Economies Borrow in Foreign Currency?

Olivier Jeanne

4029: Urban Labour Economic Theory

Yves Zenou

4028: The Spatial Aspects of Crime

Yves Zenou

4027: Financial Integration: A New Methodology and an Illustration

Robert Flood and Andrew Rose

4026: Competition and Quality: Evidence from the NHS Internal Market 1991-9

Simon Burgess, Carol Propper and Denise Gossage

4025: Uncertainty and Company Investment Dynamics: Empirical Evidence for UK Firms

Stephen Roy Bond, John van Reenen and Nicholas Bloom

4024: Institutional Subversion: Evidence from Russian Regions

Ekaterina Zhuravskaya, Irina Slinko and Evgeny Yakovlev

4023: Trade Reforms and Wage Inequality in Colombia

Orazio Attanasio, Nina Pavcnik and Pinelopi Goldberg

4022: Real-Time Hierarchical Resource Allocation with Quadratic Costs

Timothy Van Zandt

4021: Heterogeneity in R&D Cooperation Strategies

Reinhilde Veugelers, Rene Belderbos, Martin Carree, Boris Lokshin and Bert Diederen

4020: Mark-Up Fluctuations and Fiscal Policy Stabilization in a Monetary Union

Roel Beetsma and Henrik Jensen

4019: Explaining Trends in UK Immigration

Timothy Hatton