Working Papers

We are sorry to inform you that the working paper series has been discontinued in spring 2018.

Title	Authors	Number	Date Posted
Linear voting rules (PDF)	Hans Peter Grüner, Thomas Tröger	ECON 18–01	January 2018
Assigning an unpleasant task without payment (PDF)	Susanne Goldlücke, Thomas Tröger	ECON 18–02	February 2018
On the Distribution of Wealth and Employment (PDF)	Minchul Yum	ECON 18–03	March 2018
Capital Adjustment Costs: Implications for Domestic and Export Sales Dynamics (PDF)	Yanping Liu	ECON 18–04	April 2018
The Real Exchange Rate, Innovation and Productivity: Regional Heterogeneity, Asymmetries and Hysteresis (PDF)	Laura Alfaro, Alejandro Cunat, Harald Fadinger, Yanping Liu	ECON 18–05	May 2018

Title	Authors	Number	Date Posted
Platform Competition: Who Benefits from Multihoming? (PDF)	Paul Belleflamme, Martin Peitz	ECON 17–05	November 2017
The Real Exchange Rate, Innovation and Productivity (PDF)	Laura Alfaro, Alejandro Cunat, Harald Fadinger, Yanping Liu	ECON 17–04	November 2017
Segmentation versus Agglomeration: Competition between Platforms with Competitive Sellers (PDF)	Heiko Karle, Martin Peitz, Markus Reisinger	ECON 17–03	November 2017
Bootstrapping INAR Models (PDF)	Carsten Jentsch, Christian Weiß	ECON 17–02	October 2017
The Effect of Horizontal Mergers, When Firms Compete in Prices and Investments (PDF)	Massimo Motta, Emanuele Tarantino	ECON 17–01	September 2017

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

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

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

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

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

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

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