Working Papers in Economics and Finance

#	Titles and Authors
120	Switching queues, cultural conventions, and social welfare Oded Stark, Wiktor Budzinski, Grzegorz Kosiorowski
119	Increasing inequality in lifetime earnings: a tale of educational upgrading and changing employment patterns Matthias Seckler
118	The pure effect of social preferences on regional location choices: The evolving dynamics of convergence to a steady state population distribution Oded Stark, Wiktor Budzinski, Grzegorz Kosiorowski
117	Repercussions of negatively selective migration for the behavior of non-migrants when preferences are social Oded Stark, Wiktor Budzinski
116	Coordination Failure in Capacity-then-Price-Setting Games Werner Güth, Manfred Stadler, Alexandra Zaby

#	Titles and Authors
115	Reference Pricing Systems on the Pharmaceutical Market Maximiliane Unsorg
114	Capacity precommitment, communication, and collusive pricing. Theoretical benchmark and experimental evidence Werner Güth, Manfred Stadler, Alexandra Zaby
113	Location in a Disk City with Consumer Concentration around the Center Manfred Stadler
112	Community cohesion and assimilation equilibria Oded Stark, Marcin Jakubek, Krzysztof Szczygielski
111	How admitting migrants with any skills can help overcome a shortage of workers with particular skills Oded Stark, Lukasz Byra
110	On structural change, the social stress of a farming population, and the political economy of farm support Oded Stark, Jan Fałkowski
109	Common Holdings and Strategic Manager Compensation. The Case of an Asymmetric Triopoly Werner Neus, Manfred Stadler
108	Behavior in Reverse: Reasons for Return Migration Oded Stark
107	On the taxing of migrants’ earnings while retaining a migrant workforce Oded Stark, Wiktor Budzinski
106	An adverse social welfare effect of a doubly gainful trade Oded Stark, Ewa Zawojska, Wilhelm Kohler, Krzysztof Szczygielski
105	On social preferences and the intensity of risk aversion Oded Stark
104	Gender differentiation in intergenerational care-giving and migration choices Oded Stark, Ewa Cukrowska-Torzewska

#	Titles and Authors
103	Service Offshoring and Firm Employment Peter Eppinger
102	An adverse social welfare consequence of a rich-to-poor income transfer: A relative deprivation approach Oded Stark, Grzegorz Kosiorowski, Marcin Jakubek
101	A class of proximity-sensitive measures of relative deprivation Oded Stark, Jakub Bielawski, Fryderyk Falniowski
100	Contracting Institutions and Firm Boundaries Peter Eppinger, Bohdan Kukharskyy
99	A critical comparison of migration policies: Entry fee versus quota Oded Stark, Lukasz Byra, Alessandra Casarico, Silke Uebelmesser
98	Migration when social preferences are ordinal: Steady-state population distribution, and social welfare Oded Stark
97	Asymmetric Information in Simple Bargaining Games: An Experimental Study Charlotte Klempt, Kerstin Pull, Manfred Stadler
96	Consensus income distribution Oded Stark, Fryderyk Falniowski, Marcin Jakubek
95	Global integration and world migration Oded Stark
94	Gun Violence in the U.S.: Correlates and Causes Bohdan Kukharskyy, Sebastian Seiffert
93	The Great Trade Collapse and the Spanish Export Miracle: Firm-level Evidence from the Crisis Peter S. Eppinger, Nicole Meythaler, Marc-Manuel Sindlinger, Marcel Smolka

Papers issued in 2016
#	Titles and Authors
92	Can a concern for status reconcile diverse social welfare programs? Oded Stark, Marcin Jakubek
91	Will a government find it financially easier to neutralize alooming protest if more groups are involved? Oded Stark, Ewa Zawojska
90	Blindfolded vs. Informed Ultimatum Bargaining– A Theoretical and Experimental Analysis Werner Güth, Kerstin Pull, Manfred Stadler, Alexandra Zaby

Papers issued in 2015
#	Titles and Authors
89	Comparing the global and merged with the local and separate: On a downside to the integration of regions and nations Oded Stark This article, published in East Asian Economic Review (formerly Journal of East Asian Economic Integration) Vol. 19, No. 4, won the Journal's 2016 Award for Excellence.
88	Gender differentiation in risk-taking behavior: On the relative risk aversion of single men and single women Oded Stark, Ewa Zawojska
87	Econometric Analysis of the Wealth Gap between East and West Germany Gideon Becker
86	How Inheriting Affects Bequest Plans Oded Stark, Anna Nicinska
85	Contests vs. Piece Rates in Product Market Competition Kerstin Pull, Manfred Stadler
84	Innovation, Industrial Dynamics and Economic Growth Manfred Stadler
83	Relational Contracts and Global Sourcing Bohdan Kukharskyy
82	European Monetary Integration and Aggregate Relative Deprivation: The Dull Side of the Shiny Euro Oded Stark, Julia Wlodarczyk
81	A Bitter Choice Turned Sweet: How Acknowledging Individuals' Concerns at Having a Low Relative Income Serves to Align Utilitarianism and Egalitarianism Oded Stark, Marcin Jakubek, Martyna Kobus
80	Engineering an Incentive to Search for Work: A Comparison Groups Approach Oded Stark, Marcin Jakubek, Martyna Kobus
79	Three-Person Envy Games. Experimental Evidence and a Stylized Model Agnes Bäker, Werner Güth, Kerstin Pull, Manfred Stadler

Papers issued in 2014
#	Titles and Authors
78	The Impact of the Assimilation of Migrants on the Well-Being of Native Inhabitants: A Theory Oded Stark, Jakub Bielawski, Marcin Jakubek
77	Another Brick in the Wall? Technology Leaders, Patents, and the Threat of Market Entry Diana Heger, Alexandra K. Zaby
76	Strategic Investment, Forward Markets and Competition Markus Aichele
75	Forward Trading and Collusion of Firms in Volatile Markets Markus Aichele
74	The Portfolio Structure of German Households: A Multinomial Fractional Response Approach with Unobserved Heterogeneity Gideon Becker
73	A Policy Response to a Downside of the Integration of Economies: An Impossibility Theorem Oded Stark
72	Labor Income Risk and the Reluctance of Households to Invest in Risky Financial Assets: A Panel Data Analysis Gideon Becker, Thomas Dimpfl
71	Socially Gainful Gender Quotas Oded Stark, Walter Hyll
70	The Impact of the Financial Crisis on Transatlantic Information Flows: an Intraday Analysis Thomas Dimpfl, Franziska J. Peter
69	Compulsory Disclosure of Private Information Theoretical and Experimental Results for the “Acquiring-a-Company” Game Werner Güth, Kerstin Pull, Manfred Stadler, Alexandra Zaby
68	Endogenous Price Leadership. A Theoretical and Experimental Analysis Werner Güth, Kerstin Pull, Manfred Stadler, Alexandra Zaby
67	Delegation, Worker Compensation, and Strategic Competition Werner Güth, Kerstin Pull, Manfred Stadler

Papers issued in 2013
#	Titles and Authors
66	The Role of Managerial Work in Market Performance: A Monopoly Model with Team Production Anderas Hildenbrand, Mihael Duran
65	Reconciling the Rawlsian and the Utilitarian Approaches to the Maximization of Social Welfare Oded Stark, Marcin Jakubek, Fryderyk Falinowski
64	Trade, Tasks, and Training: The Effect of Offshoring on Individual Skill Upgrading Jan Hogrefe, Jens Wrona
63	Global Sourcing and Firm Selection Wilhelm Kohler, Marcel Smolka
62	On the Economics of Others Oded Stark
61	Creative Destruction and Asset Prices Joachim Grammig, Stephan Jank
60	Scientific Breakthroughs, Innovation Clusters and Stochastic Growth Cycles Manfred Stadler
59	Integration as a Catalyst for Assimilation Oded Stark, Marcin Jakubek
58	Migration and Dynamics: How a Leakage of Human Capital Lubricates the Engine of Economic Growth Gerhard Sorger, Oded Stark, Yong Wang
57	Board Directors’ Preferences: What are Good Aggregation Rules? Mihale Duran
56	Stressful Integration Oded Stark
55	Monetary Policy and Hysteresis in Potential Output Daniel Kienzler, Kai D. Schmid
54	The Evolution and Sustainability of Seasonal Migration from Poland to Germany: From the Dusk of the 19th Century to the Dawn of the 21st Century Ewa Kepinska, Oded Stark
53	Icebergs versus Tariffs: A Quantitative Perspective on the Gains from Trade Gabriel Felbermayr, Benjamin Jung, Mario Larch
52	Back to the ‘Normal’ Level of Human-Capital Driven Growth? A Note on Early Numeracy in Korea, China and Japan, 1550 - 1800 Jörg Baten, Kitae Sohn
51	Employment, Partnership and Childbearing Decisions of German Women and Men: A Simultaneous Hazards Approach Markus Niedergesäss
50	Offshoring Domestic Jobs Hartmut Egger, Udo Kreickemeier, Jens Wrona
49	International Migration, Human Capital Formation, and Saving Oded Stark, Agnieszka Dorn

Papers issued in 2012
#	Titles and Authors
48	EMU, the Changing Role of Public Debt and the Revival of Sovereign Credit Risk Perception Kai Daniel Schmid, Michael Schmidt
47	Income Redistribution Going Awry: The Reversal Power of the Concern for Relative Deprivation Gerhard Sorger, Oded Stark
46	Co-national and Transnational Networks in International Migration to Spain Nina Neubecker, Marcel Smolka
45	Do Family Ties with those Left Behind Intensify or Weaken Migrants’ Assimilation? Oded Stark, Agnieszka Dorn
44	Creativity, Analytical Skills, Personality Traits, and Innovative Capability: A Lab Experiment Bäker Agnes, Güth Werner, Pull Kerstin, Stadler Manfred
43	Strategic Delegation in Price Competition Güth Werner, Pull Kerstin, Stadler Manfred
42	Migration Networks as a Response to Financial Constraints: Onset and Endogenous Dynamics Oded Stark, Marcin Jakubek
41	Tariffs and Welfare in New Trade Theory Models Gabriel Felbermayr, Benjamin Jung, Mario Larch
40	Engines of Growth: Education and Innovation Manfred Stadler
39	Resolving Sovereign Debt Crises: Opening or Closing the Tap? Wilhelm Kohler
38	Employer Sanctions, and the Welfare of Native Workers Oded Stark, Marcin Jakubek
37	Do Better Capitalized Banks Lend Less? Long-Run Panel Evidence from Germany Claudia M. Buch, Esteban Prieto
36	Trade and the Environment: The Role of Firm Heterogeneity Udo Kreickemeier, Philipp M. Richter
35	Networks and Selection in International Migration to Spain Nina Neubecker, Marcel Smolka, Anne Steinbacher
34	Factor Shares and Income Inequality - Empirical Evidence from Germany 2002-2008 Martin Adler, Kai Daniel Schmid
33	The Home Market Effect, Regional Inequality, and Intra-Industry Reallocations Gabriel Felbermayr, Benjamin Jung
32	Putting Currency Misalignment into Gravity: The Currency Union Effect Reconsidered Jan Hogrefe, Benjamin Jung, Wilhelm Kohler
31	A Back-Door Brain Drain Oded Stark, Lukasz Byra
30	Unilateral Trade Liberalization in the Melitz Model: A Note Gabriel Felbermayr, Benjamin Jung
29	Women Count. Gender (In-) Equalities in the Human Capital Development in Asia 1900-60 Julia Friesen, Jörg Baten, Valeria Prayon
28	Policy Responses to a Dark Side of the Integration of Regions Oded Stark
27	On the Human Capital oc Inca Indios before and after the Spanish Conquest. Was there a "Pre-Colonial Legacy"? Dácil-Tania Juif, Jörg Baten
26	Duration Dependence, Lagged Duration Dependence, and Occurrence Dependence in Individual Employment Histories Markus Niedergesäss
25	Integrartion, Social Distress, and Policy Formation Oded Stark
24	Stock Return Autocorrelations Revisited: A Quantile Regression Approach Dirk G. Baur, Thomas Dimpfl, Robert C. Jung

Papers issued in 2011
#	Titles and Authors
23	Trade,Wages, and Profits Hartmut Egger, Peter Egger, Udo Kreickemeier
22	Differential Migration Prospects, Skill Formation, and Welfare Oded Stark, Roman Zakharenko
21	A Concern about Low Relative Income and the Alignment of Utilitarianism with Egalitarianism Oded Stark, Martyna Kobus, Marcin Jakubek
20	Growth Effects of 19th Century Mass Migrations: "Fome Zero" for Brasil Yvonne Stolz, Jörg Baten, Tarcísio Botelho
19	Why Foreign Ownership May Be Good for You Hartmut Egger, Udo Kreickemeier
18	Can Internet Search Queries Help to Predict Stock Market Volatility Thomas Dimpfl, Stephan Jank
17	Exchange of Private Demand Information by Simultaneous Signaling Manfred Stadler
16	Risk and the Role of Collateral in Debt Renegotiation Werner Neus, Manfred Stadler
15	Is Population Growth Conductive to the Sustainability of Cooperation Oded Stark, Marcin Jakubek
14	Intrafirm Conflicts and Interfirm Competition Werner Güth, Kerstin Pull, Manfred Stadler
13	Managerial Versus Production Wages: Offshoring, Country Size and Endowments Wilhelm Kohler, Sebastian Benz
12	Offshoring Tasks, yet Creating Jobs? Wilhelm Kohler, Jens Wrona
11	Individual Attitudes towards Trade: Stolper-Samuelson Revisited Ina C. Jäkel, Marcel Smolka
10	The Merger of Populations, the Incidence of Marriages, and Aggregate Unhappiness Oded Stark, Franz Rendl, Marcin Jakubek
9	The Prospect of Migration, Sticky Wages, and "Educated Unemployment" Oded Stark, C. Simon Fan
8	The Optimal Structure of Commodity Taxation in a Monopoly with Tax Avoidance or Evasion Laszlo Goerke
7	The Effect of Occupation-Specific Brain Drain on Human Capital Nina Heuer
6	On the Economic Architecture of the Workplace: Repercussions of Social Comparisons amongst Heterogeneous Workers Walter Hyll, Oded Stark
5	International Trade, Union Wage Premia, and Welfare in General Equilibrium Udo Kreickemeier, Frode Meland
4	What Makes us Want to Have more than Others? Explaining Relative Consumption Effects of Public and Private Goods Inga Hillesheim, Mario Mechtel
3	Endogenous Selection of Comparison Groups, Human Capital Formation, and Tax Policy Walter Hyll, Oded Stark, Yong Wang
2	Electoral Cycles in Active Labor Market Policies Mario Mechtel, Niklas Potrafke
1	Two-Way Migration between Similar Countries Udo Kreickemeier, Jens Wrona

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