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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1812: A Theory of Fairness, Competition and Cooperation

Ernst Fehr and Klaus Schmidt

1811: Herd Effects and Migration

Gil Epstein and Arye Hillman

1810: Keeping Up With the Joneses: Competition and the Evolution of Collusion in an Oligopolistic Economy

Huw Dixon

1809: Winning the War, Losing the Peace? Britain's Post-War Recovery in a West German Mirror

Barry Eichengreen and Albrecht Ritschl

1808: Risk, Resources and Education

Robert K von Weizsäcker and Berthold Wigger

1807: The Extra Burden of Moslem Wives: Clues from Israeli Women's Labour Supply

Shoshana Grossbard and Shoshana Neuman

1806: Corporate Governance

Luigi Zingales

1805: The Transition in East Germany: When is a Ten Point Fall in the Gender Wage Gap Bad News?

Jennifer Hunt

1804: A Red Letter Day?

Rüdiger Dornbusch, Carlo Favero and Francesco Giavazzi

1803: Global Income Divergence, Trade and Industrialization: The Geography of Growth Take-Offs

Richard Baldwin, Philippe Martin and Gianmarco Ottaviano

1802: Persistence and Mobility in International Trade

James Proudman and Stephen Redding

1801: The Cost of Diversity: The Diversification Discount and Inefficient Investment

Raghuram Rajan, Henri Servaes and Luigi Zingales

1800: Monetary Union: The Ins and Outs of Strategic Delegation

Paul Levine and Joseph Pearlman

1799: The Young Person's Guide to Neutrality, Price Level Indeterminacy, Interest Rate Pegs and Fiscal Theories of the Price Level

Willem Buiter

1798: Reform Without Losers: An Interpretation of China's Dual-Track Approach to Transition

Lawrence J Lau, Yingyi Qian and Gérard Roland

1797: Why did the West Extend the Franchise? Democracy, Inequality and Growth in Historical Perspective

Daron Acemoglu and James Robinson

1796: Creating Illegal Immigrants

Gil Epstein, Arye Hillman and Avi Weiss

1795: Idiosyncratic Risk and Volatility Bounds, or, Can Models with Idiosyncratic Risk Solve the Equity Premium Puzzle?

Martin Lettau

1794: Convergence Equations and Income Dynamics: The Sources of OECD Convergence, 1970-95

Angel de La Fuente

1793: Strategic Quality Choice with Minimum Quality Standards

Stefan Lutz, Thomas Lyon and John Maxwell

1792: The Design of Optimal Education Policies

Gianni De Fraja

1791: Migration to Switzerland: Some New Evidence

Stefan M. Golder and Thomas Straubhaar

1790: Earnings Management to Exceed Thresholds

Francois Degeorge, U Patel and Richard Zeckhauser

1789: Where Did all the Growth Go? External Shocks, Social Conflict and Growth Collapses

Dani Rodrik

1788: Capacity and Product Market Competition: Measuring Market Power in a 'Fat-Cat' Industry

Lars-Hendrik Röller and Robin Siekles

1787: The Political Economy of Inflation and Central Bank Independence

Berthold Herrendorf and Manfred J.M. Neumann

1786: Eastern Enlargement of the EU: How much is it Worth for Austria?

Christian Keuschnigg and Wilhelm K. Kohler

1785: Monitoring the Monitors: Amakudari and the Ex-Post Monitoring of Private Banks

Wolter Hassink and Adrian Rixtel

1784: Free Trade Vs. Strategic Trade: A Peek into Pandora's Box

Gene Grossman and Giovanni Maggi

1783: Stochastic Process Switching and Stage III of EMU

Paul De Grauwe, Hans Dewachter and Dirk Veestraeten

1782: Agglomeration and Economic Development: Import Substitution Vs. Trade Liberalization

Diego Puga and Anthony Venables

1781: Sustainability of Public Finances

Roberto Perotti, Rolf Strauch and Juergen von Hagen

1780: Strategic Creditor Passivity, Regulation and Bank Bailouts

Janet Mitchell

1779: Productivity Growth, Consumer Confidence and the Business Cycle

Jean-Pierre Danthine, John B Donaldson and Thore Johnsen

1778: Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry

Luigi Zingales

1777: Power in a Theory of the Firm

Raghuram Rajan and Luigi Zingales

1776: Democracies Pay Higher Wages

Dani Rodrik

1775: New Men and New Women? A Comparison of Paid Work Propensities from a Panel Data Perspective

Alison Booth, Stephen Jenkins and Carlos García-Serrano

1774: Intergenerational Risk Sharing, Stability and Optimality of Alternative Pension Systems

John Hassler and Assar Lindbeck

1773: The Real Exchange Rate in Transition Economies

Clemens Grafe and Charles Wyplosz

1772: Is the Price Level Determined by the Needs of Fiscal Solvency?

Matthew Canzoneri, Robert Cumby and Behzad Diba

1771: The British Beveridge Curve: A Tale of Ten Regions

Howard Wall and Gylfi Zoega

1770: Competition and Firm Performance in Transition Economies: Evidence from Firm Level Surveys in Slovenia, Hungary and Romania

Jozef Konings

1769: Unemployment versus Mismatch of Talents: Reconsidering Unemployment Benefits

Ramon Marimon and Fabrizio Zilibotti

1768: Strategic Behaviour and Price Discovery

Luis Medrano and Xavier Vives

1767: Wage and Pension Pressure on the Polish Budget

Alain de Crombrugghe

1766: Fiscal Norming of Wages to Promote Employment with Monopoly Unions

Alain de Crombrugghe and Grégory de Walque

1765: The Entry and Exit of Workers and the Growth of Employment: An Analysis of French Establishments

John Abowd, Patrick Corbel and Francis Kramarz

1764: Approval Rules for Sequential Horizontal Mergers

Pedro Barros

1763: Staggered Wages and Disinflation Dynamics: What Can More Microfoundations Tell Us?

Guido Ascari and Neil Rankin

1762: Modelling the Impact of Demographic Change Upon the Economy

David Miles

1761: New Technologies, Wages and Worker Selection

Horst Entorf, Michel Gollac and Francis Kramarz

1760: Commercial Links Between Western Europe and East Asia: Retrospect and Prospects

Kym Anderson and Joseph Francois

1759: Political Economics and Macroeconomic Policy

Torsten Persson and Guido Tabellini

1758: Why Does the Yield Curve Predict Economic Activity? Dissecting the Evidence for Germany and the United States

Frank Smets and Kostas Tsatsaronis

1757: Enterprise Break-ups and Performance During the Transition

Lubomir Lizal, Miroslav Singer and Jan Svejnar

1756: The Sources of Irish Growth

Angel de La Fuente and Xavier Vives

1755: Fiscal Policy and Growth in the OECD

Angel de La Fuente

1754: The Winner's Curse and the Failure of the Law of Demand

Jeremy I. Bulow and Paul Klemperer

1753: Growth and External Debt: A New Perspective on the African and Latin American Tragedies

Daniel Cohen

1752: Exchange Rate Regimes and the Expectations Hypothesis of the Term Structure

Stefan Gerlach and Frank Smets

1751: Financial Asset Prices and Monetary Policy: Theory and Evidence

Frank Smets

1750: Monetary Policy Rules in Practice: Some International Evidence

Richard Clarida, Jordi Galí and Mark Gertler

1749: The Core-Periphery Model and Endogenous Growth

Richard Baldwin and Rikard Forslid

1748: Anonymous Market and Group Ties in International Trade

Alessandra Casella and James Rauch

1747: Eurowinners and Eurolosers: The Distribution of Seigniorage Wealth in EMU

Holger Feist and Hans-Werner Sinn

1746: The Asymmetric Relation Between Margin Requirements and Stock Market Volatility Across Bull and Bear Markets

Gikas Hardouvelis, Andreas Pericli and Panayiotis Theodossiou

1745: Convergence Clubs and Subsistence Economies

Dan Ben-David

1744: Price Dynamics and Consumer Learning

Ramon Caminal and Xavier Vives

1743: Measuring Monetary Policy with VAR Models: An Evaluation

Fabio Bagliano and Carlo Favero

1742: Debt Contracts, Collapse and Regulation as Competition Phenomena

Hans Gersbach and Harald Uhlig

1741: The Emergence of the Euro as an International Currency

George Alogoskoufis, Richard Portes and Helene Rey

1740: Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs and Subsidies to HIgh-Technology Industries

J. Peter Neary

1739: The Political Economy of EC Regionalism

Andre Sapir

1738: Venture Capital Financing, Moral Hazard and Learning

Dirk Bergemann and Ulrich Hege

1737: Comparative Politics and Public Finance

Torsten Persson, Gérard Roland and Guido Tabellini

1736: After Voucher Privatization: The Structure of Corporate Ownership in Russian Manufacturing Industry

John Earle and Saul Estrin

1735: Stage Financing and the Role of Convertible Debt

Francesca Cornelli and Oved Yosha

1734: The Value of Children and Immigrants in a Pay-As-You-Go Pension System: A Proposal For a Partial Transition to a Funded System

Hans-Werner Sinn

1733: Identifying Monetary Policy Shocks in Japan

Etsuro Shioji

1732: A Strategy for Launching the Euro

Maurice Obstfeld

1731: Monetary Regimes and Labour Market Reform

Anne Sibert and Alan Sutherland

1730: The Behaviour of Real Exchange Rates During the Post-Bretton Woods Period

Lucio Sarno and Mark Taylor

1729: Entry Mistakes

Luis Cabral

1728: Transition Issues for the European Monetary Union

Willem Buiter and Anne Sibert

1727: Consumption and Credit Constraints: International evidence

Philippe Bacchetta and Stefan Gerlach

1726: Wage and Investment Behaviour in Transition: Evidence from a Polish Panel Data Set

Irena Grosfeld and Jean-François Nivet

1725: Can Competition in the Credit Market be Excessive?

Ramon Caminal and Carmen Matutes

1724: Unemployment and the 'Labour-Management Conspiracy'

Larry Karp and Thierry Paul

1723: Competition Law in Post-Central Planning Bulgaria

Simeon Djankov and Bernard Hoekman

1722: Adversarial and Inquisitorial Procedures in Arbitration

Hyun Song Shin

1721: Determinants of Intra-Industry Trade between East and West Europe

Chonira Aturupane, Simeon Djankov and Bernard Hoekman

1720: Monetary Union, Entry Conditions and Economic Reform

Gulcin Ozkan, Anne Sibert and Alan Sutherland

1719: Shareholders and Stakeholders: Human Capital and Industry Equilibrium

Roberto Ippolito, Marcus Miller and Lei Zhang

1718: Do Services Differ From Manufacturing? The Post-Entry Performance of Firms in Dutch Services

David Audretsch, Luuk Klomp and Roy Thurik

1717: Minimum Price Variations, Time Priority and Quote Dynamics

Tito Cordella and Thierry Foucault

1716: The Behaviour of the Real Exchange Rate: A Re-examination Using Finite Sample Approach

Biing-Shen Kuo and Anne Mikkola

1715: 'I Vont To Be Alone' Transitions to Independent Living, Marriage and Divorce Among Young Americans

Arnstein Aassve, Simon Burgess and Carol Propper

1714: Jobs, Workers and Changes in Earnings Dispersion

Simon Burgess, Julia Lane and David Stevens

1713: The Reallocation of Labour and the Lifecycle of Firms

Simon Burgess, Julia Lane and David Stevens