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176/2020   Wage Determination and the Bite of Collective Contracts in Italy and Spain: Evidence from the Metalworking Industry Effrosyni Adamopoulou, Ernesto Villanueva
175/2020   A03 An Economic Model of the Covid-19 Epidemic:
The Importance of Testing and Age-Specific Policies
Luiz Brotherhood, Philipp Kircher, Cezar Santos, Michèle Tertilt
174/2020   B02 "No Man is an Island": An Empirical Study on Team Formation and Performance Alessandra Allocca
173/2020   B05 Germany’s ‘Lex Apple Pay’: Payment Service Regulation Overtakes Competition Enforcement Jens-Uwe Franck, Dimitrios Linardatos
172/2020   A01 Self-Assessment: The Role of the Social Environment Armin Falk, Fabian Kosse, Hannah Schildberg-Hörisch, Florian Zimmermann
171/2020   C03 A Simple, Non-Recursive Model of the Spread of Covid-19 with Applications to Policy Ernst-Ludwig von Thadden
170/2020   A01
Experimental Evidence on Misguided Learning Lorenz Götte, Marta Kozakiewicz
169/2020   A03 The Long Run Earnings Effects of a Credit Market Disruption Effrosyni Adamopoulou, Marta De Philippis,
Enrico Sette, Eliana Viviano
168/2020   B06 Harald Fadinger, Christian Ghiglino, Mariya Teteryatnikova
167/2020   B06 The Effects of Working from Home on Covid-19 Infections and Production
A Macroeconomic Analysis for Germany
Harald Fadinger, Jan Schymik
166/2020   C04 Collective Intelligence: Crowd Wisdom versus Herding Andreas Engert
165/2020   B04 The Role of Caseworkers in Unemployment Insurance: Evidence from Unplanned Absences Amelie Schiprowski
164/2020   B04 Benefit Duration, Job Search Behavior and Re-Employment Andreas Lichter, Amelie Schiprowski
163/2020   A03 The Impact of COVID-19 on Gender Equality Titan Alon, Matthias Doepke, Jane Olmstead-Rumsey, Michèle Tertilt
162/2020   C03
Distance in Bank Lending: The Role of Social Networks Oliver Rehbein, Simon Rother
161/2020   C02 Monetary Policy, Markup Dispersion, and Aggregate TFP Matthias Meier, Timo Reinelt
160/2020   C02 Supply Chain Disruptions, Time to Build, and the Business Cycle
Matthias Meier
159/2020   C02 Falling Behind: Has Rising Inequality Fueled the American Debt Boom? Moritz Drechsel-Grau, Fabian Greimel
158/2020   B01 Optimal Auctions with Signaling Bidders Olivier Bos, Martin Pollrich
157/2020   B04 Strategies under Strategic Uncertainty Helene Mass
156/2020   B01 Contest with Incomplete Information: When to Turn Up the Heat, and How? Mengxi Zhang
155/2020   B03 Do People Value More Informative News? Felix Chopra, Ingar Haaland, Christopher Roth
154/2020   C02 Robustly Optimal Monetary Policy in a New Keynesian
Model with Housing
Klaus Adam, Michael Woodford
153/2020   A03 Consumer Debt and Default: A Macro Perspective Florian Exler, Michèle Tertilt
152/2020   A02 Who Benefits from General Knowledge? Cristina Bellés-Obrero, Emma Duchini
151/2020   B04 Optimal Selling Mechanisms with Endogenous Proposal Rights Sarah Auster, Nenad Kos, Salvatore Piccolo
150/2020   B05 Student Performance and Loss Aversion Heiko Karle, Dirk Engelmann, Martin Peitz
149/2020   B07

Complementarities in Behavioral Interventions: Evidence
from a Field Experiment on Energy Conservation

Ximeng Fang, Lorenz Goette, Bettina Rockenbach, Matthias Sutter, Verena Tiefenbeck, Samuel Schoeb, Thorsten Staake
148/2020   A01 Associative Memory and Belief Formation Benjamin Enke, Frederik Schwerter, Florian Zimmermann
147/2020   B05 Massimo Motta, Martin Peitz
146/2020   B04 Robust Bidding and Revenue in Descending
Price Auctions
Sarah Auster, Christian Kellner
145/2020   B04 Hidden Testing and Selective Disclosure of Evidence Claudia Herresthal
144/2020   C02 Estimating the Optimal Inflation Target from Trends in
Relative Prices
Klaus Adam, Henning Weber
143/2020   C03 Pricing for the Stars Dynamic Pricing in the Presence of Rating Systems
First version: January 2020
André Stenzel, Christoph Wolf, Peter Schmidt
142/2020   A03
The Emergence of Procyclical Fertility: The
Role of Gender Differences in Employment
Sena Coskun, Husnu C. Dalgic
141/2020   B06 Human Capitalists and the Global Division of Labor Jan Schymik
140/2019   B05 Ad Clutter, Time Use, and Media Diversity Simon P. Anderson, Martin Peitz
139/2019   A02 Can an Increase in the Minimum Age of Marriage Reduce Child Marriage Rates? Evidence from Mexico Cristina Bellés-Obrero, María Lombardi
138/2019   C03 Can You Trust the Blockchain? The (limited) Power of
Peer-to-Peer Networks for Information Provision
Benedikt Franke, Qi Gao, André Stenzel
137/2019   B05 The Competitive Impacts of Exclusivity and
Price Transparency in Markets with Digital Platforms
Paul Belleflamme, Martin Peitz
136/2019   Bidding in Common-Value Auctions with an Uncertain
Number of Competitors
Stephan Lauermann, Andre Speit
135/2019   B04 Overcoming Free-Riding in Bandit Games
Johannes Hörner, Nicolas Klein, Sven Rady
134/2019   A03 Young, Educated, Unemployed Sena Coskun
133/2019   B02 Bargaining and Delay in Thin Markets Francesc Dilmé
132/2019   B02 Relational Contracts: Public versus Private Savings Francesc Dilmé, Daniel Garrett
131/2019   A03 Andreas Gulyas, Krzysztof Pytka
130/2019   B04 Godfrey Keller, Sven Rady
129/2019   C01 Occupation Growth, Skill Prices, and Wage Inequality Michael J. Böhm, Hans-Martin von Gaudecker, Felix Schran
128/2019   Persuasion and Information Aggregation in Large Elections Carl Heese, Stephan Lauermann
127/2019   B03 Blurred Boundaries: A Flexible Approach for
Segmentation Applied to the Car Market
Laura Grigolon
126/2019   A02 Teacher Performance Pay and Student Learning:
Evidence from a Nationwide Program in Peru
Cristina Bellés-Obrero, Mará Lombardi
125/2019   B04 Information Aggregation in Poisson-Elections Mehmet Ekmekci, Stephan Lauermann
124/2019   B04 Probabilistic Verification in Mechanism Design Ian Ball, Deniz Kattwinkel
123/2019   A03 A Structural Analysis of Vacancy Referrals with Imperfect Monitoring and Sickness Absence Gerard J. van den Berg,
Hanno Foerster, Arne Uhlendorff
122/2019   B06 Spatial Agglomeration and Superstar Firms: Firm-level Patterns from Europe and U.S. Laura Alfaro, Maggie X. Chen, Harald Fadinger
121/2019   A01 A02 Self-Selection of Peers and Performance Lukas Kiessling, Jonas Radbruch, Sebastian Schaube
120/2019   B01
The Balance Condition in Search-and-Matching Models Stephan Lauermann, Georg Nöldeke, Thomas Tröger
119/2019   B02 Visibility of Technology and Cumulative Innovation:
Evidence from Trade Secrets Laws
Bernhard Ganglmair, Imke Reimers
118/2019   A03 Adjusting to Globalization in Germany Wolfgang Dauth, Sebastian Findeisen, Jens Suedekum
117/2019   C04 Shareholder Activism in Germany Andreas Engert
116/2019   B01 On Selecting the Right Agent Geoffroy de Clippel, Kfir Eliaz, Daniel Fershtman, Kareen Rozen
115/2019   A03 Hanno Foerster
114/2019   B04

Costless Information and Costly Verification:
A Case for Transparency

Deniz Kattwinkel, Jan Knoepfle
113/2019   B02 Habits as Adaptations: An Experimental Study Ludmila Matysková, Brian Rogers, Jakub Steiner, Keh-Kuan Sun
112/2019   A03 Does Female Empowerment Promote
Economic Development?
Matthias Doepke, Michèle Tertilt
111/2019   A01 A02 Socio-Economic Status and Inequalities in Children’s
IQ and Economic Preferences

Armin Falk, Fabian Kosse, Pia Pinger, Hannah Schildberg-Hörisch, Thomas Deckers
110/2019   A03 Employer Screening and Optimal Unemployment Insurance Mario Meier, Tim Obermeier
109/2019   A03 The Marriage Market, Inequality and
the Progressivity of the Income Tax
Tim Obermeier
108/2019   C03 The Deposit Base - Multibanking and Bank Stability Hendrik Hakenes, Eva Schliephake
107/2019   A02 Mothers’ Care: Reversing Early Childhood Health
Shocks Through Parental Investments
Cristina Bellés-Obrero, Antonio Cabrales, Sergi Jiménez-Martín, Judit Vall-Castello
106/2019   B06 Capital Adjustment Cost: Implications for Domestic and
Export Sales Dynamics
Yanping Liu
105/2019   C02 Stock Price Cycles and Business Cycles Klaus Adam, Sebastian Merkel
104/2019   B01 Efficient Sequential Screening Boaz Zik
103/2019   A02 Cristina Bellés-Obrero, Sergi Jiménez-Martín, Judit Vall Castello
102/2019   A03 Not Just a Work Permit: EU Citizenship and the
Consumption Behaviour of Documented and Undocumented Immigrants
Effrosyni Adamopoulou, Ezgi Kaya
101/2019   B05 Segmentation versus Agglomeration: Competition
between Platforms with Competitive Sellers
Heiko Karle, Martin Peitz
Markus Reisinger
100/2019   A01 Mission of the Company, Prosocial Attitudes
and Job Preferences: A Discrete Choice Experiment
Arjan Non, Ingrid Rohde, Andries de Grip, Thomas Dohmen
099/2019   B05 Price Disclosure by Two-sided Platforms Paul Belleflamme, Martin Peitz
098/2019   B05 Optimal Non-Linear Pricing Scheme when
Consumers are Habit Forming
Eleftheria Triviza
097/2019   A01 (Not) Everyone Can Be a Winner – The Role of Payoff Interdependence for Redistribution Sebastian Schaube, Louis Strang
096/2019   A01 Motivated by Others’ Preferences?
An Experiment on Imperfect Empathy
Jana Hofmeier, Thomas Neuber
095/2019   C04 Asset Price Bubbles and Systemic Risk Markus Brunnermeier, Simon Rother, Isabel Schnabel
094/2019   B06 The Real Exchange Rate, Innovation and Productivity: Regional Heterogeneity, Asymmetries and Hysteresis Laura Alfaro, Alejandro Cuñat, Harald Fadinger, Yanping Liu
093/2019   B01 Fake Experts Patrick Lahr, Justus Winkelmann
092/2019   A02 Determinants of Peer Selection Lukas Kiessling, Jonas Radbruch, Sebastian Schaube
091/2019   C03 Bailouts, Bail-ins and Banking Crises Todd Keister, Yuliyan Mitkov
090/2019   C03 Inequality and Financial Fragility Yuliyan Mitkov
089/2019   B05 Simon P. Anderson, Martin Peitz
088/2019   A04 Estimating Cross-Industry Cross-Country Interaction
Models Using Benchmark Industry Characteristics
Antonio Ciccone, Elias Papaioannou
087/2019   B04 Patrick Legros, Konrad Stahl
086/2019   A04 The Human Capital Stock: A Generalized Approach, Comment
Francesco Caselli, Antonio Ciccone
085/2019   A03 Youngsoo Jang, Takeki Sunakawa,
Minchul Yum
084/2019   B03 Anticompetitive Vertical Merger Waves Johan Hombert, Jerome Pouyet, Nicolas Schutz
083/2019   B02 Revenue Management without Commitment:
Dynamic Pricing and Periodic Flash Sales
Francesc Dilmé, Fei Li
082/2019   B06 Foreign Competition and the Durability of US Firm Investments Philippe Fromenteau, Jan Schymik, Jan Tscheke
081/2019   B04 Trust, Investment and Competition:
Theory and Evidence from German Car Manufacturers
Giacomo Calzolari, Leonardo Felli,
Johannes Koenen, Giancarlo Spagnolo, Konrad Stahl
080/2019   B04 Informal Elections with Dispersed Information Mehmet Ekmekci, Stephan Lauermann
079/2019   C01 The Dynamics of Households’ Stock Market Beliefs Hans-Martin von Gaudecker, Axel Wogrollly
078/2019   B02  Pre-Trade Private Investments Francesc Dilmé
077/2019   B05 Challenges for EU Merger Control Massimo Motta, Martin Peitz
076/2019   B05 Ratings, Reviews, Recommendations and the
Consumption of Cultural Goods
Paul Belleflamme, Martin Peitz
075/2019   C02 Do Plants Freeze upon Uncertainty Shocks? Ariel Mecikovsky, Matthias Meier
074/2019   B05 Rethinking Liability Rules for Online Hosting Platforms Miriam Buiten, Alexandre de Streel, Martin Peitz
073/2019   A01 The Dynamics of Motivated Beliefs Florian Zimmermann
072/2019   A01 Determinants of Trust: The Role of Personal Experiences Frederik Schwerter, Florian Zimmermann
071/2019   A01 Relationship of Gender Differences in Preferences to Economic Development and Gender Equality Armin Falk, Johannes Hermle
070/2019   A01 Narratives, Imperatives, and Moral Reasoning Roland Bénabou, Armin Falk, Jean Tirole
069/2019   A02 Value of Risky Lifestyle Choices Chloé Michel, Michelle Sovinsky, Steven Stern
068/2019   A03 An Equilibrium Model of the African HIV/AIDS Epidemic
Jeremy Greenwood, Philipp Kircher,
Cezar Santos, Michèle Tertilt
067/2019   A03 Anne Hannusch
066/2019   B04 Manipulated Electorates and Information Aggregation Mehmet Ekmekci, Stephan Lauermann
065/2018   C03 Opacity, Liquidity and Disclosure Policies André Stenzel, Wolf Wagner
064/2018   C03 Incentive-Compatibility, Limited Liability and Costly
Liquidation in Financial Contracting
Zhengqing Gui, Ernst-Ludwig von Thadden, Xiaojian Zhao
063/2018   B04 A Common-Value Auction with State-Dependent
Stephan Lauermann,
Asher Wolinsky
062/2018   B02 Cheap Trade Credit and Competition in Downstream
Mariassunta Giannetti, Nicolas Serrano-Velarde, Emanuele Tarantino
061/2018   C03

Model-based Evaluation of Cooling-Off Policies
First version: December 2018

Christian Michel, André Stenzel
060/2018   B05 Distorted Input Ratios in Vertical Relationships Martin Peitz, Dongsoo Shin
059/2018   A03 General Equilibrium Feedback Regarding the Employment Effects of Labor Taxes Minchul Yum
058/2018   A02 Forensic Econometrics: Demand Estimation when Data are Missing Julian Hidalgo, Michelle Sovinsky
057/2018   B02 Patent Pools, Vertical Integration, and Downstream Competition Markus Reisinger, Emanuele Tarantino
056/2018   B02 The Effect of Horizontal Mergers, When Firms Compete in Prices and Investments Massimo Motta, Emanuele Tarantino
055/2018   B01
Steady States in Search-and-Matching Models Stephan Lauermann, Georg Nöldeke, Thomas Tröger
054/2018   B01 Auctions vs. Negotiations: Optimal Selling Mechanism with Endogenous Bidder Values Mengxi Zhang
053/2018   B07 Heterogeneous Impacts of Cost Shocks, Strategic Bidding and Pass-Through: Evidence from the New England Electricity Market Harim Kim
052/2018   B07 Does Electrification Cause Industrial Development? Grid Expansion and Firm Turnover in Indonesia
Second version: July 2019
First version: November 2018
Dana Kassem
051/2018   C02 Financial Dollarization in Emerging Markets: An Insurance Arrangement Husnu C. Dalgic
050/2018   C01 Learning Spillovers in Conditional Welfare Programs: Evidence from Brazil Fernanda Brollo, Katja Maria Kaufmann, Eliana La Ferrara
049/2018   B06 Trade and Domestic Policies in Models with Monopolistic Competition Alessia Campolmi, Harald Fadinger, Chiara Forlati
048/2018   A03 Parental Time Investment and Intergenerational Mobility Minchul Yum
047/2018   B04 Price Dispersion and Informational Frictions: Evidence
from Supermarket Purchases
Pierre Dubois, Helena Perrone
Creditor Rights, Information Sharing, and Borrower Behavior: Theory and Evidence John H. Boyd, Hendrik Hakenes, Amanda Heitz
045/2018   B02 Regulating Cancellation Rights with Consumer Experimentation Florian Hoffmann, Roman Inderst, Sergey Turlo
044/2018   C04

Nowhere Else to Go: The Determinants of Bank-Firm Relationship Discontinuations after Bank Mergers
First version: September 2018

Oliver Rehbein, Santiago Carbo-Valverde
043/2018   C04 Flooded through the Back Door: The Role of Capital in Local Shock Spillovers
First version: September 2018
Oliver Rehbein, Steven Ongena
042/2018   B05 You Are Judged by the Company You Keep: Reputation Leverage in Vertically Related Markets Jay Pil Choi, Martin Peitz
041/2018   B02 Learning When to Quit: An Empirical Model of Experimentation in Standards Development Bernhard Ganglmair, Timothy Simcoe, Emanuele Tarantino
040/2018   B02

Expectations of Reciprocity and Feedback
when Competitors Share Information:

Bernhard Ganglmair, Alex Holcomb, Noah Myung
039/2018   B03 Holger Breinlich, Volker Nocke, Nicolas Schutz
038/2018   B03 Internal versus External Growth in Industries with Scale Economies: A Computational Model of Optimal Merger
Ben Mermelstein, Volker Nocke, Mark A. Satterthwaite, Michael D. Whinston
037/2018   B05 Striking a Balance of Power between the Court of Justice
and the EU Legislature: The Law on Competition Damages Actions as a Paradigm
Jens-Uwe Franck
036/2018   C04 Banks' Trading after the Lehman Crisis - The Role of Unconventional Monetary Policy Isabel Schnabel, Johannes Tischer
035/2018   B06 Trade in Tasks and the Organization of Firms Dalia Marin, Jan Schymik, Alexander Tarasov
034/2018   B01 Buyer-Optimal Robust Information Structures Stefan Terstiege, Cédric Wasser
033/2018   B02 Skewed Information Transmission Francesc Dilmé
032/2018   B01 A Nazi "Killer" Amendment Andreas Kleiner,
Benny Moldovanu
031/2018   B01 A Theory of Auctions with Endogenous Valuations Alex Gershkov, Benny MoldovanuPhilipp Strack
030/2018   B01 The Multiplier Effect in Two-Sided Markets with Bilateral Investments Deniz Dizdar, Benny Moldovanu,
Nora Szech
029/2018   B01 The Dimensions of Consensus Alex Gershkov, Benny Moldovanu, Xianwen Shi
028/2018   B05 Managing Competition on a Two-Sided Platform Paul Belleflamme, Martin Peitz
027/2018   B05 A Fresh Look at Zero-Rating Jan Krämer, Martin Peitz
026/2018   B01 Dynamic Expert Incentives: Complementarity and Substitutability in Information Acquisition Tsz-Ning Wong, Lily Ling Yang
025/2018   B01 Relevant Decision Problems and Value of Information Lily Ling Yang
024/2018   B03 An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly Volker Nocke, Nicolas Schutz
023/2018   A01 Willingness to Take Risk: The Role of Risk Conception
and Optimism
Thomas Dohmen, Simone Quercia, Jana Willrodt
022/2018   A01 Parental Involvement and the Intergenerational Transmission of Economic Preferences and Attitudes Maria Zumbuehl, Thomas Dohmen, Gerard Pfann
021/2018   B05 Consumer Search with and without Tracking Marcel Preuss
B03 All-Pay Oligopolies: Price Competition with Unobservable Inventory Choices Joao Montez, Nicolas Schutz




Colin von Negenborn, Martin Pollrich
018/2018   B06 Offshoring and Skill-Upgrading in French Manufacturing Juan Carluccio, Alejandro Cuñat,
Harald Fadinger, Christian Fons-Rosen
017/2018   B06 Come Together: Firm Boundaries and Delegation Laura Alfaro, Nick Bloom,
Paola Conconi, Harald Fadinger,
Patrick Legros, Andrew F. Newman,
Raffaella Sadun, John Van Reenen
016/2018   C02 Leaning against Housing Prices as Robustly Optimal Monetary Policy Klaus Adam, Michael Woodford
015/2018   A02 Locus of Control and Consistent Investment Choices Pia Pinger, Sebastian Schäfer, Heiner Schumacher
014/2018   B03 Deception and Competition in Search Markets Tobias Gamp, Daniel Krähmer
013/2018   A01 A02

The Formation of Prosociality: Causal Evidence on the
Role of Social Environment

Fabian Kosse, Thomas Deckers, Pia Pinger, Hannah Schildberg-Hörisch, Armin Falk
012/2018   A01 Affirmative Action and Retaliation in Experimental Contests Francesco Fallucchi, Simone Quercia
011/2018   B03 Full Surplus Extraction in Mechanism Design with Information Disclosure Daniel Krähmer
010/2018   C02 Optimal Trend Inflation Klaus Adam, Henning Weber
009/2018   B06 The Structure of Multinational Sales under Demand Risk Francesco Paolo Conteduca,
Ekaterina Kazakova
008/2018   B06 Serving Abroad: Export, M&A, and Greenfield Investment Francesco Paolo Conteduca,
Ekaterina Kazakova
007/2018   B05 Toward a Coherent Policy on Cartel Damages Jens-Uwe Franck, Martin Peitz,
006/2018   A01 On the Relationship between Cognitive Ability and Risk Preference
Thomas Dohmen, Armin Falk,
David Huffman, Uwe Sunde
005/2018   A01 Global Evidence on Economic Preferences
Armin Falk, Anke Becker, Thomas Dohmen, Benjamin Enke, David Huffman, Uwe Sunde
004/2018   B05 Inside the Engine Room of Digital Platforms: Reviews, Ratings, and Recommendations Paul Belleflamme, Martin Peitz
003/2018    B01 Assigning an Unpleasant Task without Payment Susanne Goldlücke, Thomas Tröger
002/2018    B01 Linear Voting Rules Hans Peter Grüner, Thomas Tröger
Paul Belleflamme, Martin Peitz



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