2025

When Is Liquidity Bad?

723/2025, C02, Husnu C. Dalgic

Navigating Motherhood: Endogenous Penalties and Career Choice

722/2025, A03, C01, C02, Sen Coskun, Husnu Dalgic, Yasemin Ozdemir

The Novel Vehicle Tax on Fine Particulate Matter Emissions

721/2025, B07, Nico Lukas Kasparetz

Trade and Industrial Policy in Supply Chains: Directed Technological Change in Rare Earths

720/2025, B07, Laura Alfaro, Harald Fadinger, Jan Schymik, Gede Virananda

Children, Household Specialization and Relationship Quality

719/2025, A03, Belén Rodríguez Moro, Olatz Román. First version: December 2025.

Competition Through Recommendations

718/2025, B05, Robin Ng

Dominant Currency Pricing and Currency Risk Premia

717/2025, C02, Husnu C. Dalgic, Galip Kemal Ozhan

Unpacking the Distributional Implications of the Energy Crisis Lessons from the Iberian Electricity Market

716/2025, B07, Natalia Fabra, Clément Leblanc, Mateus Souza

Recommendation Power and Competition

715/2025, B03, B04, B05, Martin Peitz, Anton Sobolev

Problem or Opportunity? Immigration, Job Search, Entrepreneurship and Labor Market Outcomes of Natives in Germany

714/2025, A03, Zainab Iftikhar, Anna Zaharieva

Simultaneous Bidding in Sealed-Bid Auctions

713/2025, B02, Silvio Sorbera

Reputational Bargaining with an Omniscient Type

712/2025, B02, Silvio Sorbera

Propagation of Export Shocks: The Great Recession in Japan

711/2025, A03, Toshihiko Mukoyama, Kanato Nakakuni, Makoto Nirei

Aligning Competition Policy and Industrial Policy in the EU

710/2025, B05, Tomaso Duso, Martin Peitz. Published in Journal of Industry, Competition and Trade

The Equilibrium Effects of Mortality Risk

709/2025, C03, Andrea Modena, Luca Regis, Giorgio Rizzini

Income and Wealth Inequality in the United States: An Update Including the 2022 Wave

708/2025, A03, Moritz Kuhn, José-Víctor Ríos-Rull. Published in Quarterly Review - Federal Reserve Bank of Minneapolis 45(3), (2025).

The Enduring Legacy of Educational Institutions: Evidence from Hyanggyo in Pre-Modern Korea

707/2025, A03, Yeonha Jung, Minki Kim, Munseob Lee

Regulatory Capacity in a Game of Asymmetric Regulation

706/2025, B02, Jacopo Gambato, Bernhard Ganglmair, Julia Krämer

Policy Concerns in an Era of Low Fertility: The Role of Social Comparisons and Intensive Parenting

705/2025, A03, Lukas Mahler, Michéle Tertilt, Minchul Yum

Entry Deterrence with Public Signals: Revisiting the Chain-Store Paradox

704/2025, B02, Francesc Dilmé, Aaron Kolb

Sequential Equilibria in Mixed Strategies

703/2025, B02, Francesc Dilmé

Fully Self-Justifiable Outcomes

702/2025, B02, Francesc Dilmé

One-Stop-Shopping hinders Specialization

701/2025, B03, Max Riegel

Designing Vertical Differentiation with Information

700/2025, B03, B04, Christoph Carnehl, Anton Sobolev, Konrad Stahl, André Stenzel. First Version: August 2025

Empirical Monetary-Fiscal Equivalence

699/2025, C03, Ulf Nielsson, Jesper Rangvid, Farzad Saidi, Fabian Seyrich, Daniel Streitz

Moderating Content-Hosting Platforms

698/2025, B05, Robin Ng, Greg Taylor. First version: August 2025

Model Uncertainty

697/2025, A01, Robin Musolff, Florian Zimmermann

The Alignment Effect of Auditing

696/2025, B07, Andreas Gerster, Johannes Gessner, Michael Kramm

Hybrid Contracting in Repeated Interactions

695/2025, B02, Bernhard Ganglmair, Julian Klix, Dongsoo Shin

Being and Consciousness: Fiscal Attitudes according to HANK

694/2025, C05, Christian Bayer, Alexander Kriwoluzky, Gernot J. Müller, Fabian Seyrich

Successful Entrepreneurs Come From the Top of the Earned Income Distribution

693/2025, B04, Niklas Garnadt, Lena Füner, Konrad Stahl, Joacim Tag

Coping with Undesirable Effects of DMA Implementation: Google Search and the Ban on Self-Preferencing

692/2025, B05, Jens-Uwe Franck, Mauro Hartl

Can Public Debt Crowd in Private Investment?

691/2025, C05, Christian Bayer, Fabio Stohler

The Macroeconomic Consequences of Malaria Eradication in Sub-Saharan Africa

690/2025, A03, Minki Kim

Hiring and the Dynamics of the Gender Gap

689/2025, A05, Hannah Illing, Hanna Schwank, Linh Tô

A Dynamic Theory of Random Price Discounts

688/2025, B02, Francesc Dilmé, Daniel F. Garrett. Published in the Review of Economic Studies

Learning to Maximize Ordinal and Expected Utility, and the Indifference Hypothesis

687/2025, A05, Thomas Dohmen, Georgios Gerasimou

Protection for Whom? The Political Economy of Protective Labor Laws for Women

686/2025, A03, Matthias Doepke, Hanno Foerster, Anne Hannusch, Michèle Tertilt

Achieving Consensus on Blockchains

685/2025, C03, Zahra Ebrahimi, Maxi Guennewig, Bryan Routledge, Ariel Zetlin-Jones

Experience Effects on Wall Street vs. Main Street: Field and Lab Evidence of Context Dependence

684/2025, C01, Benjamin Christoffersen, Arvid Hoffmann, Zwetelina Iliewa, Lena Jaroszek

How to Attract Talent? Field-Experimental Evidence on Emphasizing Flexibility and Career Opportunities in Job Advertisements

683/2025, A02, Larissa Fuchs, Matthias Heinz, Pia Pinger, Max Thon. First version: April 2025

Stock Market Performance in the Media: Reporting Big News, Missing the Big Picture?

682/2025, A04, Antonio Ciccone, Felix Rusche. (First Version: April 2025)

Broadcasting Change: India's Community Radio Policy and Women's Empowerment

681/2025, A04, Felix Rusche

Optimal Merger Remedies

680/2025, B03, Volker Nocke, Andrew Rhodes

Horizontal Differentiation of Tasks and Skills: Internal and External Labor Markets, Part 1

679/2025, B04, Martin Ruckes, Konrad Stahl. First Version: April 2025.

Dual Pricing in a Model of Sales

678/2025, B03, B04, Nicolas Schutz, Anton Sobolev. First Version: March 2025

Consequences of Affirmative Action: The Impact of Hiring a Female Professor

677/2025, A04, Maximilian Mähr. First version: March 2025

Convex Choice

676/2025, B02, Navin Kartik, Andreas Kleiner

Financial Constraints and the Micro Origins of Aggregate Equity Shocks in Capital Markets

675/2025, C03, Tobias König

The Effect of Compulsory Education on Non- Cognitive Skills: Evidence from Low- and Middle- Income Countries

674/2025, A05, Antonia K. Entorf, Thomas J. Dohmen. Forthcoming in Economics of Education Review

Implementing and Enforcing the EU’s Digital Gatekeeper Regulation: A German Perspective on the Role of National Authorities

673/2025, B05, Jens‐Uwe Franck

Retrieving Organs, Losing Motivation? The Response of Medical Staff to Corruption News

672/2025, A04, Maximilian Mähr, Alida Sangrigoli, Giuseppe Sorrenti, Gilberto Turati

Damages Actions Against Digital Gatekeepers for Breaches of EU Antitrust Law and the DMA: A German Perspective

671/2025, B05, Jens-Uwe Franck

The Role of Firm Heterogeneity and Intermediate Inputs in Carbon Leakage

670/2025, B07, Sabine Stillger

Concentration Indices, Welfare Distortions, and Misallocation in Oligopoly

669/2025, B03, Volker Nocke, Nicolas Schutz

Feedback, Confidence and Job Search Behavior

668/2025, A02, Tsegay Tekleselassie, Marc Witte, Jonas Radbruch, Lukas Hensel, Ingo E. Isphording

Double in Trouble: Boys and Learning in School in Texas, North Carolina, and Italy

667/2025, A04, Antonio Ciccone, Federico Cingano, Walter Garcia-Fontes

Transparent Matching Mechanisms

666/2025, B04, Markus Möller. Forthcoming in Theoretical Economics

The Impact of Higher Education on Employer Perceptions

665/2025, A01, A02, Renske Stans, Laura Ehrmantraut, Malin Siemers, Pia Pinger. Forthcoming in Economic Journal.

Competition and the Strategic Disclosure of Innovation: Theory and Evidence from Patent Applications

664/2025, B02, David T. Angenendt, Bernhard Ganglmair

No Place Like Home: Charging Infrastructure and the Environmental Advantage of Plug-in Hybrid Electric Vehicles

663/2025, B07, Johannes Gessner, Wolfgang Habla, Benjamin Rübenacker, Ulrich J. Wagner. First version: March 2025.

Local Unemployment, Worker Mobility and Labor Market Outcomes: Evidence from Germany

662/2025, C01, Johannes Weber

Can Work from Home Help Balance the Parental Division of Labor?

661/2025, C01, Hans-Martin von Gaudecker, Radost Holler, Lenard Simon, Christian Pugnaghi-Zimpelmann. (First Version: March 2025)

Mens Sana in Corpore Sano?

660/2025, C01, Janoś Gabler, Hans-Martin von Gaudecker, Jürgen Maurer, Mariam Petrosyan

Effective Regulation and Firm Compliance: The Case of German Privacy Policies

659/2025, B02, Jacopo Gambato, Bernhard Ganglmair, Julia Krämer

When Growth Stumbles, Pollute? Trade War, Environmental Enforcement, and Pollution

658/2025, B06, Xinming Du, Lei Li

Endorsements and Referrals: Product Recommendations in Bilateral Trade

657/2025, B01, Peter Achim, Bojia Li, Lily Ling Yang

Looking for Innovation Beyond the Patent System: Evidence from Research Disclosures

656/2025, B02, Bernhard Ganglmair, Alexander Kann

Sticky Models

655/2025, A01, Paul Grass, Philipp Schirmer, Malin Siemers

Shifting Gears: Environmental Regulation in the Car Industry and Technological Change Among Suppliers

654/2025, B07, Johannes Gessner

Robust Market Design with Opaque Announcements

653/2025, B04, Aram Grigoryan, Markus Möller

A Theory of Auditability for Allocation Mechanisms

652/2025, B04, Aram Grigoryan, Markus Möller

Real-Time Feedback and Social Comparison Reports Impact Resource Use and Welfare: Evidence from a Field Experiment

651/2025, B07, Mark A. Andor, Lorenz Goette, Michael K. Price, Anna Schulze-Tilling, Lukas Tomberg

The Healthcare Costs of Air Pollution in France

650/2025, B07, Julia Mink. Forthcoming in Journal of Environmental Economics and Management

Corporate Actions as Moral Issues

649/2025, C01, Zwetelina Iliewa, Elisabeth Kempf, Oliver Spalt. First version: February 2025. Forthcomin in Journal of Finance: Insights and Perspectives

Strategic Concealment in Innovation Races

648/2025, B02, Yonggyun Kim, Francisco Poggi

Chips in on a Merger: The Arm-Nvidia Case

647/2025, B04, Helena Perrone. Published in International Journal of Industrial Organization 98 (2025), 103130

Drivers of Switching in Autoinsurance: Evidence from Observable and Exogenous Consideration Sets

646/2025, B04, Helena Perrone, Fabricio Valiati

Defensive Innovation: Technological Rivalry and College Major Choice

645/2025, B06, Xiaohua Bao, Qin Chen, Zibin Huang, Lei Li, Mengyuan Wang

Oligopoly, Complementarities, and Transformed Potentials

644/2025, B03, Volker Nocke, Nicolas Schutz. First version: February 2025, Second version: July 2025

Neo-Optimum: A Unifying Solution to the Informed-Principal Problem

643/2025, B01, Tymofiy Mylovanov, Thomas Tröger. First Version: February 2025

Neo-Optimum: A Unifying Solution to the Informed-Principal Problem

643/2025, B01, Tymofiy Mylovanov, Thomas Tröger

Assortative Matching, Interbank Markets, and Monetary Policy

642/2025, C03, Christian Bittner, Rustam Jamilov, Farzad Saidi

Demand Steering Through the Smokescreen of Stockouts: Evidence from Cigarette Vending Machines

641/2025, B04, Pablo Casas, Asis Martinez-Jerez, Helena Perrone

Privatizing Disability Insurance

640/2025, C01, Arthur Seibold, Sebastian Seitz, Sebastian Siegloch

The Effectiveness of Carbon Labels

639/2025, B07, Anna Schulze-Tilling

Paying Off Populism: How Regional Policies Affect Voting Behavior

638/2025, B07, Robert Gold, Jakob Lehr

Capital (Mis)allocation, Incentives and Productivity

637/2025, B06, C05, Jan Schymik, Matthias Meier, Alexander Schramm, Alexander Schwemmer

Intergenerational Spillovers: The Impact of Labor Market Risk on the Housing Market

636/2025, A03, Leanne Nam

Debt, Human Capital, and the Allocation of Talent

635/2025, A03, Titan Alon, Natalie Cox, Minki Kim

The Distribution of Household Debt in the United States, 1950-2022

634/2025, A03, C02, Alina Bartscher, Moritz Kuhn, Moritz Schularick, Ulrike Steins. Forthcoming in Review of Economic Dynamics

Relative Grades and Gender Differences in STEM Enrollment

633/2025, A02, Larissa Fuchs, Pia Pinger, Philipp Seegers

From Design to Disclosure

632/2025, B02, S. Nageeb Ali, Andreas Kleiner, Kun Zhang

Withheld from Working More? Withholding Taxes and the Labor Supply of Married Women

631/2025, A05, Tim Bayer, Lenard Simon, Jakob Wegmann

Optimal Allocations with Capacity Constrained Verification

630/2025, B02, Albin Erlanson, Andreas Kleiner

The Tragedy of the Common Heating Bill

629/2025, B07, Harald Mayr, Mateus Souza. First Version : January 2025

Cohabitation, Child Development, and College Costs

628/2025, A03, Efi Adamopoulou, Anne Hannusch, Karen Kopecky, Tim Obermeier

Effect of Media on Aspirations: Gender Heterogeneity

627/2025, A02, Elif Bodur

Markups and Marginal Costs Over the Firm Life: Implications for the Optimal Inflation Target

626/2025, C02, Klaus Adam, Tobias Renkin, Gabriel Züllig

Distributional Dynamics

625/2025, A03, C05, Christian Bayer, Luis Calderon, Moritz Kuhn

When and How Does Household Heterogeneity Matter for Aggregate Fluctuations?

624/2025, C05, Zheng Gong. First version: January 2025

May Tax Evasion Help Control Public Debt?

623/2025, C03, Rosella Levaggi, Francesco Menoncin, Andrea Modena

Coordinating Dividend Taxes and Capital Regulation

622/2025, C03, Salvatore Federico, Andrea Modena, Luca Regis

The Power of Faith: Effects of an Imam-led Information Campaign on Labor Supply and Social Interactions

621/2025, A04, Alexandra Avdeenko, Jakob Gärtner, Marc Gillaizeau, Ghida Karbala, Laura Montenbruck, Giulia Montresor, Atika Pasha, Galina Zudenkova

Fiscal Exchange and Tax Compliance: Strengthening the Social Contract Under Low State Capacity

620/2025, A04, Laura Montenbruck

On the Extent, Correlates, and Consequences of Reporting Bias in Survey Wages

619/2025, A02, A05, Marco Caliendo, Katrin Huber, Ingo E. Isphording, Jakob Wegmann

Neighborhood Exposure Effects in Cognitive Skills and the Role of Primary Schools

618/2025, A04, Xi Lin

Overconfidence in Private Information Explains Biases in Professional Forecasts

617/2025, C02, Klaus Adam, Pei Kuang, Shihan Xi. Forthcoming in Journal of Monetary Economics