CEPR Discussion Papers

From Centre for Economic Policy Research
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3847: The Effect of Employment Protection on Worker Effort: A Comparison of Absenteeism During and After Probation

Andrea Ichino and Regina Riphahn

3846: Digital Goods and the New Economy

Danny Quah

3845: Trade Liberalization and Globalization: A Survey

Arye Hillman

3844: Stock Prices, News and Economic Fluctuations

Franck Portier and Paul Beaudry

3843: Which Investors Fear Expropriation? Evidence from Investors' Stock Picking

Mariassunta Giannetti and Andrei Simonov

3842: Efficiency-Enhancing Signalling in the Samaritan's Dilemma

Johan Lagerlof

3841: On the Desirability of an Efficiency Defense in Merger Control

Paul Heidhues and Johan Lagerlof

3840: Russia's European Economic Integration: Escapism and Realities

Carl B Hamilton

3839: Weddings with Uncertain Prospects - Mergers under Asymmetric Information

Armin Schmutzler, Bühler, Stefan and Thomas Borek

3838: Agglomeration and Economic Geography

Jacques Thisse and Gianmarco Ottaviano

3837: University Spillovers: Strategic Location and New Firm Performance

David Audretsch, Erik Lehmann and Susanne Warning

3836: Infrastructure Quality in Deregulated Industries: Is there an Underinvestment Problem?

Armin Schmutzler, Men-Andri Benz and Bühler, Stefan

3835: Determinants of Interregional Mobility in Russia: Evidence from Panel Data

Sergei Guriev and Yuri Andrienko

3834: Clean Evidence on Peer Pressure

Andrea Ichino and Armin Falk

3833: Export Pricing of Foreign Firms in Hungary: Estimations for 1992-96

László Halpern and Miklós Koren

3832: Heterogeneity of Investors and Asset Pricing in a Risk-Value World

Günter Franke and Martin Weber

3831: Changes in the Functional Structure of Firms and the Demand for Skill

Eric Maurin and David Thesmar

3830: Changes in Job Security and their Causes: An Empirical Analysis for France, 1982-2002

Eric Maurin and Pauline Givord

3829: Investments and Network Competition

Tommaso Valletti and Carlo Cambini

3828: The Rise and Fall of Swiss Unemployment

Patrick Puhani

3827: The Effect of High School Matriculation Awards: Evidence from Randomized Trials

Joshua Angrist and Victor Lavy

3826: The Real Effects of Investor Sentiment

Paola Sapienza and Christopher Polk

3825: What is the Value Added by Caseworkers?

Michael Lechner and Jeffrey Smith

3824: Price Squeezes in a Regulatory Environment

Frank Verboven and Jan Bouckaert

3823: Export-Platform Foreign Direct Investment

James Markusen, Rikard Forslid and Karolina Ekholm

3822: The Origination and Evolution of Ownership and Control

Julian Franks, Colin Mayer and Stefano Rossi

3821: Estimating Loss Function Parameters

Allan Timmermann, Graham Elliott and Ivana Komunjer

3820: Benchmarking Structural Change in Transition

Mark Schaffer, Martin Raiser and Johannes Schuchhardt

3819: Do Oppositional Identities Reduce Employment for Ethnic Minorities?

Yves Zenou, Harminder Battu and MacDonald Mwale

3818: The Effects of Overcrowded Housing on Children's Performance at School

Dominique Goux and Eric Maurin

3817: Land Inequality and the Origin of Divergence and Overtaking in the Growth Process: Theory and Evidence

Oded Galor, Omer Moav and Dietrich Vollrath

3816: Compatibility Decisions, Endogenous Installed Home Bases and the Third-Market Competition

Uwe Walz and Bernd Woeckener

3815: Compatibility Standards and Strategic Trade Policy

Uwe Walz and Bernd Woeckener

3814: Strategic Experimentation with Exponential Bandits

Sven Rady, Martin Cripps and R Keller

3813: Using and Abusing Economic Theory

Paul Klemperer

3812: Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy

Andrew Levin, Günter Coenen and Volker Wieland

3811: Monetary Policy and Uncertainty about the Natural Unemployment Rate

Volker Wieland

3810: Efficient Unemployment Insurance Time Path

Eran Yashiv, Yossi Hadar and Tomer Blumkin

3809: On the Selection of Forecasting Models

Lutz Kilian and Atsushi Inoue

3808: Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?

Philippe Bacchetta and Eric van Wincoop

3807: Geography and Export Performance: External Market Access and Internal Supply Capacity

Anthony Venables and Stephen Redding

3806: Organized Crime, Corruption and Punishment

Thierry Verdier, Yves Zenou and Maurice Kugler

3805: Multinational Enterprises, International Trade and Productivity Growth: Firm-Level Evidence from the US

Wolfgang Keller and Stephen Yeaple

3804: From Natural Resources to High-tech Production: The Evolution of Industrial Competitiveness in Sweden and Finland

Blomström, Magnus and Ari Kokko

3803: Markov Switching Causality and the Money-Output Relationship

Morten Ravn, Martin Sola and Zacharias Psaradakis

3802: Gross Job Flows in Ukraine: Size, Ownership and Trade Effects

Jozef Konings, Olga Kupets and Hartmut Lehmann

3801: Anatomy of Voting Behaviour and Attitudes During Post-Communist Transition Czech Republic 1990-98

Jan Fidrmuc and Orla Doyle

3800: Land and Power

James Robinson and Jean-Marie Baland

3799: The Credibility of the Hungarian Exchange Rate Regime 1997-98

Adam Szeidl

3798: Migration and Regional Adjustment to Asymmetric Shocks in Transition Economies

Jan Fidrmuc

3797: Public Finance and the Optimal Speed of Transition

Micael Castanheira

3796: Job Reallocation and Productivity Growth Under Alternative Economic Systems and Policies: Evidence from the Soviet Transition

J. David Brown and John Earle

3795: Portfolio Choice with Illiquid Assets

Koren, Miklós and Adam Szeidl

3794: Financial Crisis, Economic Recovery and Banking Development in Former Soviet Union Economies

Dalia Marin, Cheng-Gang Xu and Haizhou Huang

3793: Public Subsidies for Open Source? Some Economic Policy Issues of the Software Market

Klaus Schmidt and Monika Schnitzer

3792: Unions and Innovation: A Survey of the Theory and Empirical Evidence

John van Reenen and Naercio Menezes-Filho

3791: The Economic Effects of the 1918 Influenza Epidemic

Elizabeth Brainerd and Mark Siegler

3790: Equilibrium Incentive Contracts

Espen Moen and Rosén, Åsa

3789: Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors

Stijn Claessens, Sergio Schmukler and Daniela Klingebiel

3788: Law Enforcement under Incomplete Law: Theory and Evidence from Financial Market Regulation

Cheng-Gang Xu and Katharina Pistor

3787: A New Method for Estimating Public Sector Pay Premia: Evidence from Britain in the 1990's

Richard F Disney and Amanda Gosling

3786: Evaluating the Employment Impact of a Mandatory Job Search Programme

Richard Blundell, Costas Meghir, John van Reenen and Monica Costa Dias

3785: Learning to Forget? Contagion and Political Risk in Brazil

Marcus Miller and Kannika Thampanishvong

3784: Delay in Contests

Helmut Bester and Kai Konrad

3783: The Exchange Rate and Inflation in the UK

Edward Nelson and Amit Kara

3782: Property Crime with Private Protection: A Market-for-Offenses Approach

Tanguy van Ypersele, Louis Hotte and Fabrice Valognes

3781: An Anatomy of the Phillips Curve

Dennis Snower and Marika Karanassou

3780: Interpreting European and US Labour Market Differences: The Specificity of Human Capital Investments

Etienne Wasmer

3779: Trade, Finance, Specialization and Synchronization

Jean Imbs

3778: Voting on Pensions with Endogenous Retirement Age

Pierre Pestieau, Helmuth Cremer and Georges Casamatta

3777: Imports, Entry and Competition Law as Market Disciplines

Hiau Looi Kee

3776: The Impact of School Inputs on Student Performance: An Empirical Study of Private Schools in the UK

Margaret Stevens and Kathryn Graddy

3775: The Economics of Foreign Direct Investment Incentives

Blomström, Magnus and Ari Kokko

3774: On Second Price Auctions and Imperfect Competition

Patrick Schmitz

3773: Capital-Skill Complementarity and the Redistributive Effects of Social Security Reform

Alessandra Casarico and Carlo Devillanova

3772: Public Policies Towards Research Joint Venture Formation: Designs and Outcomes

Georges Siotis and Marín Uribe, Pedro Luis

3771: Is Aggregation a Problem for Sovereign Debt Restructuring?

Barry Eichengreen and Ashoka Mody

3770: On the Wage Growth of Immigrants: Israel, 1990-2000

Zvi Eckstein and Yoram Weiss

3769: International Financial Integration

Gian Maria Milesi-Ferretti and Philip Lane

3768: EU Enlargement and Beyond: A Simulation Study on EU and CIS Integration

Mika Widgrén and Pekka Sulamaa

3767: Dynastic Management

Francesco Caselli and Nicola Gennaioli

3766: Optimal Competition: A Benchmark for Competition Policy

Jan Boone

3765: Productivity Convergence and Foreign Ownership at the Establishment Level

Rachel Griffith, Stephen Redding and Helen Simpson

3764: Which International Institutions Promote International Trade?

Andrew Rose

3763: Endogenous Monetary Policy with Unobserved Potential Output

Alex Cukierman and Francesco Lippi

3762: Human Capital and Inward FDI

Blomström, Magnus and Ari Kokko

3761: The Inflation Bias Revisited: Theory and Some International Evidence

Alex Cukierman and Stefan Gerlach

3760: Monopoly Pricing of 'Cyclical' Goods

Ramon Caminal

3759: Common Vulnerabilities

Mark Taylor and Ashoka Mody

3758: Is Official Exchange Rate Intervention Effective?

Mark Taylor

3757: International Capital Crunches: The Time-Varying Role of Informational Asymmetries

Mark Taylor and Ashoka Mody

3756: Choice-Based Elicitation and Decomposition of Decision Weights for Gains and Losses Under Uncertainty

Martin Weber, Frank Vossman and Mohammed Abdellaoui

3755: Factor Endowments and Production in European Regions

Stephen Redding and Mercedes Vera-Martin

3754: Inequality, Environmental Protection and Growth

Renström, Thomas I and Laura Marsiliani

3753: Political Shocks, Public Debt and the Design of Monetary and Fiscal Institutions

Roel Beetsma and Lans Bovenberg

3752: Integration, Regional Agglomeration and International Trade

Tanguy van Ypersele and Philippe Monfort

3751: Adjusting Labour Demand: Multinational versus National Firms- A Cross-European Analysis

Daniele Checchi, Giorgio Barba Navaretti and Alessandro Turrini

3750: Can Business and Social Networks Explain the Border Effect Puzzle?

Pierre-Philippe Combes, Miren Lafourcade and Thierry Mayer

3749: Asset Pricing with Liquidity Risk

Viral Acharya and Lasse Pedersen

3748: Regulation with Wage Bargaining

Nils-Henrik von der Fehr, Espen Moen and ,