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Working Paper Series 2016

Title Authors Number Date Posted
Empirical characteristic functions-based estimation and distance correlation for locally stationary processes Carsten Jentsch, Anne Leucht, Marco Meyer, Carina Beeing ECON 16-15 November 2016
Platforms and network effects Paul Belleflamme, Martin Peitz ECON 16-14 September 2016
Quantifizierung der gesamtwirtschaftlichen und fiskalischen Effekte ausgewählter Infrastruktur- und Bildungsinvestitionen in Deutschland Tom Krebs, Martin Scheffel ECON 16-13 September 2016
The Political Economy of Immigration and Population Ageing Valerio Dotti ECON 16-12 June 2016
Flip a coin or vote: An Experiment on Choosing Group Decision Timo Hoffmann, Sander Renes ECON 16-11 June 2016
Proxy SVARs : asymptotic theory, bootstrap inference, and the effects of income tax changes in the United States Carsten Jentsch, Kurt G. Lunsford ECON 16-10 July 2016
Does Social Interaction Make Bad Policies Even Worse? Evidence from Renewable Energy Subsidies Justus Inhoffen, Christoph Siemroth, Philipp Zahn ECON 16-09 June 2016
A First Test of Focusing Theory Markus Dertwinkel-Kalt, Gerhard Riener ECON 16-08 February 2016
You Are Judged by the Company You Keep: Reputation Leverage in Vertically Related Markets Jay Pil Choi, Martin Peitz ECON 16-07 March 2016
Parental Time Investment and Intergenerational Mobility Minchul Yum ECON 16-06 March 2016
Structural Reform in Germany Tom Krebs, Martin Scheffel ECON 16-05 March 2016
Quantifizierung der gesamtwirtschaftlichen Effekte ausgewählter Reformvorschläge der Studie “Reforms, Investment and Growth: An Agenda for France, Germany and Europe” Tom Krebs, Martin Scheffel ECON 16-04 March 2016
De-Targeting: Advertising an Assortment of Products to Loss-Averse Consumers Heiko Karle, Martin Peitz ECON 16-03 February 2016
Nonparametric Instrumental Variable Methods for Dynamic Treatment Evaluation Gerard J. van den Berg, Petyo Bonev, Enno Mammen ECON 16-02 February 2016
Net Neutrality: A Fast Lane to Understanding the Trade-offs Shane Greenstein, Martin Peitz, Tommaso Valletti ECON 16-01 January 2016

Working Paper Series 2015

Title Authors Number Date posted
Lying, Spying, Sabotaging: Procedures and Consequences Nadine Chlaß, Gerhard Riener ECON 15-18 November 2015
Media See-saws: Winners and Losers on Media Platform Simon P. Anderson, Martin Peitz ECON 15-16 October 2015
Distributional Consequences of Asset Price Inflation in the Euro Area Klaus Adam, Panagiota Tzamourani ECON 15-15 October 2015
Structural Transformation, Marketization, and Household Production around the World Benjamin Bridgman, Georg Duernecker, Berthold Herrendorf ECON 15-14 October 2015
Offshoring and Skill-upgrading in French Manufacturing: A Heckscher-Ohlin-Melitz View Juan Carluccio, Alejandro Cun͂at, Harald Fadinger, Christian Fons-Rosen ECON 15-13 September 2015
On the Identification of Multivariate Correlated Unobserved Components Models Carsten Trenkler, Enzo Weber ECON 15-12 September 2015
Income Differences and Input - Output Structure Harald Fadinger, Christian Ghiglino, Mariya Teteryatnikova ECON 15-11 September 2015
Can a Financial Transaction Tax Prevent Stock Price Booms Klaus Adam, Albert Marcet, Sebastian Merkel, Johannes Beutel ECON 15-10 July 2015
Designing Efficient College and Tax Policies Sebastian Findeisen, Dominik Sachs ECON 15-09 July 2015
Strategic Design under Uncertain Evaluations: Structural Analysis of Design-Build Auctions Hidenori Takahashi ECON 15-08 June 2015
Forecasting VARs, Model Selection, and Shrinkage Christian Kascha, Carsten Trenkler ECON 15-07 June 2015
Baxter`s Inequality and Sieve Bootstrap for Random Fields Marco Meyer, Carsten Jentsch, Jens-Peter Kreiss ECON 15-06 May 2015
Net neutrality and inflation of traffic Martin Peitz, Florian Schuett ECON 15-05 February 2015
When and How the Punishment Must Fit the Crime George J. Mailath, Volker Nocke, Lucy White ECON 15-04 February 2015
The Winner’s Curse: Conditional Reasoning & Belief Formation Christian Koch, Stefan P. Penczynski ECON 15-03 February 2015
Ex-post Optimal Knapsack Procurement Felix Jarman, Vincent Meisner ECON 15-02 January 2015
Capital-Labor Distortions in Project Finance Martin Peitz, Dongsoo Shin ECON 15-01 January 2015

Working Paper Series 2014

Title Authors Number Date posted
Why prediction markets work: The role of information acquisition and endogenous weighting Christoph Siemroth ECON 14-29 December 2014
Information Disclosure and Consumer Awareness Sanxi Li, Martin Peitz, Xiaojian Zhao ECON 14-28 December 2014
Horizontal mergers in the presence of vertical relationships Arghya Ghosh, Hodaka Morita, Chengsi Wang ECON 14-27 November 2014
Certification and Market Transparency Konrad O. Stahl, Roland Strausz ECON 14-26 September 2014
Market Transparency, Adverse Selection, and Moral Hazard Tobias J. Klein, Christian Lambertz, Konrad O. Stahl ECON 14-25 July 2014
Last minute policies and the incumbency advantage Elena Manzoni, Stefan P. Penczynski ECON 14-24 October 2014
The Economics of Internet Media Martin Peitz, Markus Reisinger ECON 14-23 October 2014
Exclusive Dealing and Vertical Integration in Interlocking Relationships Volker Nocke, Patrick Rey ECON 14-22 September 2014
Inference in VARs with Conditional Heteroskedasticity of Unknown Form Ralf Brüggemann, Carsten Jentsch, Carsten Trenkler ECON 14-21 August 2014
Rainfall Risk and Religious Membership in the Late Nineteenth-Century United States Philipp Ager, Antonio Ciccone ECON 14-20 July 2014
Gender Peer Effects in School, a Birth Cohort Approach Antonio Ciccone, Walter Garcia-Fontes ECON 14-19 July 2014
Block Bootstrap Theory for Multivariate Integrated and Cointegrated Processes Carsten Jentsch, Efstathios Paparoditis, Dimitris N. Politis ECON 14-18 June 2014
Efficient Labor and Capital Income Taxation over the Life Cycle Sebastian Findeisen, Dominik Sachs ECON 14-17 May 2014
Education Policies and Taxation without Commitment Sebastian Findeisen, Dominik Sachs ECON 14-16 May 2014
Bootstrapping Sample Quantiles of Discrete Data Carsten Jentsch, Anne Leucht ECON 14-15 May 2014
A New Perspective on Classical Choice Problems Using Selection Functions Jules Hedges, Paulo Oliva, Evguenia Winschel, Viktor Winschel, Philipp Zahn ECON 14-14 April 2014
Context Dependent Games as Quantifiers and Selection Functions Jules Hedges, Paulo Oliva, Evguenia Winschel, Viktor Winschel, Philipp Zahn ECON 14-13 April 2014
Stock Price Booms and Expected Capital Gains Klaus Adam, Johannes Beutel, Albert Marcet ECON 14-12 March 2014
Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area Klaus Adam, Junyi Zhu ECON 14-11 April 2014
Internal versus External Growth in Industries with Scale Economies: A Computational Model of Optimal Merger Policy Ben Mermelstein, Volker Nocke, Mark A. Satterthwaite, Michael D. Whinston ECON 14-10 April 2014
On the Allocation of Time Georg Duernecker, Berthold Herrendorf ECON 14-09 March 2014
Does Female Empowerment Promote Economic Development? Matthias Doepke, Michele Tertilt ECON 14-08 January 2014
The Democratization of Credit and the Rise in Consumer Bankruptcies Igor Livshits, James McGee, Michele Tertilt ECON 14-07 February 2014
The Network Origins of Economic Growth Georg Duernecker, Moritz Meyer, Fernando Vega-Redondo ECON 14-06 March 2014
Do Girls Really Outperform Boys in Educational Outcomes? Perihan Ozge Saygin ECON 14-05 February 2014
Fee-Setting Mechanisms: On Optimal Pricing by Intermediaries and Indirect Taxation Simon Loertscher, Andras Niedermayer ECON 14-04 January 2014
A Rationale for Non-Monotonic Group-Size Eff ect in Repeated Provision of Public Goods Chengsi Wang, Galina Zudenkova ECON 14-03 January 2014
Dependent wild bootstrap for the empirical process Paul Doukhan, Gabriel Lang, Anne Leucht, Michael H. Neuman ECON 14-01 January 2014

Working Paper Series 2013

Title Authors Number Date posted
A model specification test for GARCH(1,1) processes Anne Leucht, Michael H. Neumann, Jens-Peter Kreiss ECON 13-11 November 2013
Globalization and Multiproduct Firms Volker Nocke, Stephen Yeaple ECON 13-10 August 2013
Do Politicians Shirk when Reelection Is Certain? Evidence from the German Parliament Andreas Bernecker ECON 13-09 July 2013
Coalition formation for unpopular reform in the presence of private reputation costs Evguenia Winschel ECON 13-08 December 2012
When Ignorance is Bliss Information Asymmetries Enhance Prosocial Behavior in Dicator Games Evguenia Winschel, Philipp Zahn ECON 13-07 updated March 2014
Bootstrap Co-integration Rank Testing: The E ffect of Bias-Correcting Parameter Estimates Giuseppe Cavaliere, A.M. Robert Taylor, Carsten Trenkler ECON 13-06 March 2013
Trial and Error? Policy Experimentation during the US Welfare Reform Andreas Bernecker, Christina Gathmann ECON 13-05 March 2013
Why agents need discretion: The business judgment rule as optimal standard of care Andreas Engert, Susanne Goldlücke ECON 13-04 February 2013
Experimentation in Two-Sided Markets Martin Peitz, Sven Rady, Piers Trepper ECON 13-03 February 2013
Income Mobility and Welfare Tom Krebs, Pravin Krishna, William F. Maloney ECON 13-02 February 2013
Herding diff erently: A level-k model of social learning Stefan Penczynski ECON 13-01 January 2013

Working Paper Series 2012

Robustly Optimal Monetary Policy in a Microfounded New Keynesian Model Klaus Adam, Michael Woodford ECON 12-1 Jan 2012
Title Authors Number Date Posted
Macroeconomic Evaluation of Labor Market Reform in Germany Tom Krebs, Martin Scheffel ECON 12-23 December 2012
In the long-run we are all dead: On the benefi…ts of peer punishment in rich environments Dirk Engelmann, Nikos Nikiforakis ECON 12-22 December 2012
Gender Diff erences in College Applications: Evidence from the Centralized System in Turkey Perihan Ozge Saygin ECON 12-21 November 2012
How does Economic Integration Change Personal Income Taxation? Evidence from a new Index of Potential Labor Mobility Benjamin Protte ECON 12-20 November 2012
Does Fleet Street shape politics? Estimating the Effect of Newspaper Coverage about Globalization on the Support for Unemployment Insurance Benjamin Protte ECON 12-19 October 2012
Social networks and the process of “globalization" Georg Duernecker, Fernando Vega-Redondo ECON 12-18 October 2012
Coalgebraic Analysis of Subgame-perfect Equilibria in Infinite Games without Discounting Samson Abramsky, Viktor Winschel ECON 12-17 October 2012
Optimal Sovereign Default Klaus Adam, Michael Grill ECON 12-16 October 2012
Entrepreneurs, Managers and Inequality Sang Yoon (Tim) Lee ECON 12-15 August 2012
Mechanism design by an informed principal: the quasi-linear private-values case Tymofiy Mylovanov, Thomas Troeger ECON 12-14 July 2012
Goodness-of- fit tests based on series estimators in nonparametric instrumental regression Christoph Breunig ECON 12-13 May 2012
Political Support in Hard Times: Do People Care about National Welfare? Jana Friedrichsen, Philipp Zahn ECON 12-12 July 2012
Identifying the Shocks behind Business Cycle Asynchrony in Euroland Carsten Trenkler, Enzo Weber ECON 12-11 June 2012
Codependent VAR Models and the Pseudo-Structural Form Carsten Trenkler, Enzo Weber ECON 12-10 June 2012
Analyse der Wohn‐ und Arbeitsortverteilung von Hochqualifizierten in der Metropolregion Rhein‐Neckar Philipp Deschermeier, Eva M. Müller ECON 12-9 May 2012
Competition under Consumer Loss Aversion Heiko Karle, Martin Peitz ECON 12-8 May 2012
Informing Consumers about their own Preferences Roman Inderst, Martin Peitz ECON 12-7 Mar 2012
Stock Market Volatility and Learning Klaus Adam, Albert Marcet, Juan Pablo Nicolini ECON 12-6 Apr 2012
Inference for shared-frailty survival models with left-truncated data Gerard J. van den Berg, Bettina Drepper ECON 12-5 Mar 2012
Compulsory Schooling Reforms, Education and Mortality in Twentieth Century Europe Christina Gathmann, Hendrik Jürges, Steffen Reinhold ECON 12-4 Feb 2012
Do Legal Standards Affect Ethical Concerns of Consumers? An Experiment on Minimum Wages David Danz, Dirk Engelmann, Dorothea Kübler ECON 12-3 Feb 2012
Instrumental Variable Estimation of the Causal Effect of Hunger Early in Life on Health Later in Life Gerard J. van den Berg, Pia R. Pinger, Johannes Schoch ECON 12-2 Feb 2012

Working Paper Series 2011

Optimal Labor-Market Policy in Recessions Philip Jung, Keith Kuester ECON 11-1 Nov 2011
Title Authors Number Date Posted
The Economics and Politics of Women’s Rights Matthias Doepke, Michèle Tertilt, Alessandra Voena ECON 11-3 Dec 2011
Technology, Adoption Turbulence and the Dynamics of Unemployment Georg Duernecker ECON 11-2 Dec 2011