European Public Choice Society 2017

Annual Meeting April 19–22, 2017

School of Public Policy Central European University , © 2017, School of Public Policy at CEU

Layout: Judit Kovács l Createch Printing: Createch Table of Contents

Welcome to Budapest...... 3

Scientific Program Snapshot...... 4

Keynote Addresses...... 9

Important Information...... 12

Venue Locations...... 13

Wicksell Prize...... 16

Format of Parallel Sessions...... 18

Detailed Scientific Program...... 19

Social Program...... 40

About Budapest and CEU...... 43

Former EPCS Presidents...... 45

EPCS 2017 Organizers...... 46

Conference Participants...... 47

We recycle Please return your magnetic visitor cards when you leave. Please also use the recycling bins that are located on each floor. Thank you.

1 Photo: SPP/Daniel Vegel Welcome to Budapest!

We are delighted to welcome all of you to Budapest and to the School of Public Policy at Central European University for the 2017 Annual Meeting of the European Public Choice Society. We are especially pleased to be hosting this important gathering at the University’s new state-of-the-art buildings in downtown Budapest that were inaugurated only last fall. These environmentally sustainable spaces combine the latest technology with attractive design features – including a rooftop garden on the 7th floor that offers spectacular views of Budapest. This year’s EPCS meeting will showcase the interesting research that is taking place at the frontier of the field of public choice. We are also delighted to welcome Catherine De Vries, Gérard Roland, and Jean-Robert Tyran as keynote speakers. We have organized a social program that will feature some of Budapest’s highlights: a Welcome Reception in the Budapest Jewish Quarter, which is home to the Dohány Street Synagogue, the largest synagogue in Europe; a Gala Dinner in an elegantly decorated historic building along the Danube River; and a visit and reception at the world famous Gellért Baths and Hotel. We want to take this opportunity to thank the many people who have provided the invaluable assistance and support that have made this event possible: CEU President and Rector Michael Ignatieff, Provost and Pro-Rector Liviu Matei, SPP Acting Dean Julia Buxton, former SPP Dean Wolfgang Reinicke, and colleagues at the School of Public Policy, the Department of Economics, and CEU’s Central Administration.

Michael Dorsch, CEU Associate Professor Julius Horvath, CEU Professor SCIENTIFIC PROGRAM SNAPSHOT Scientific Program Snapshot

Day 1—Wednesday, April 19 11:00 Begin Registration Nádor utca 15 Reception Desk 13:45–14:45 Keynote Address Nádor utca 15 by Catherine de Vries Auditorium 14:45–15:15 Coffee Nádor utca 13 Lobby 15:15–16:45 Parallel A CEU A1: Financial Markets N15 103 A2: Constitutions N15 101 A3: Natural Resources N15 106 A4: Lessons from History N13 118 A5: Models of Policy-Making N15 203 A6: Voter Turnout 1 N15 202 A7: Electoral Cycles and Expenditure N15 104 A8: Decentralization 1 N15 105 16:45–17:15 Coffee Nádor utca 13 Lobby 17:15–18:45 Parallel B CEU B1: Institutions, Policy, and N15 Firm Behavior Auditorium A B2: Tolerance N15 Auditorium B B3: Aging and Pensions N15 103 B4: Non-Democracies N15 101

4 SCIENTIFIC PROGRAM SNAPSHOT

B5: Voting Behavior: Theory N15 106 B6: Foreign Aid 1 N13 118 B7: Intergovernmental N15 203 Transfers: EU Funds 19:00–21:00 Welcome Reception An’Kert, Paulay Ede utca 33 19:45–20:00 Welcoming Remarks by CEU President and Rector Michael Ignatieff

Day 2—Thursday, April 20 09:00–10:30 Parallel C CEU C1: Global Governance: N15 103 Financial Institutions C2: Security: Conflict N15 101 C3: Political Accountability N15 106 C4: Gender Economics N13 118 C5: Voter Turnout 2 N15 203 C6: FDI N15 202 C7: Decentralization 2 N15 104 10:30–11:00 Coffee Nádor utca 13 Lobby 11:00–12:00 Keynote Address Nádor 15 by Gérard Roland Auditorium 12:00–13:00 Lunch Nádor utca 13 Lobby

5 SCIENTIFIC PROGRAM SNAPSHOT

13:00–15:00 Parallel D CEU D1: Book Launch: Oxford N15 Handbook of Public Choice Auditorium A D2: Policy Forecast Bias N15 Auditorium B D3: Public Debt N15 103 D4: Security: Theory N15 101 D5: Tax Compliance N15 106 D6: EU Politics N13 118 D7: Regional Favoritism N15 203 D8: Welfare State N15 202 15:00–15:30 Coffee Nádor utca 13 Lobby 15:30–17:00 Parallel E CEU E1: Redistribution and Social N15 Preferences Auditorium A E2: Refugees and Asylum N15 Auditorium B E3: Central Banks N15 103 E4: Political Transitions N15 101 E5: Municipal Politics N15 106 E6: Property Markets and N13 118 Land Reforms E7: Elections: Ballots N15 203 E8: Z: Miscellaneous 1 N15 202 19:00–22:00 Gala Dinner and Pesti Vigadó, Wicksell Prize announcement Vigadó tér 2

6 SCIENTIFIC PROGRAM SNAPSHOT

Day 3—Friday, April 21 09:00–10:30 Parallel F CEU F1: Taxation N15 103 F2: Security: Riots N15 101 F3: Voting Behavior: Empirical N15 106 F4: Enfranchisement N13 118 F5: Rent-Seeking: Empirics N15 203 F6: Comparative Democratic N15 202 Institutions F7: Education N15 104 F8: Micro Theory and Experiments N15 105 10:30–11:00 Coffee Nádor utca 13 Lobby 11:00–12:00 Keynote Address Nádor 15 by Jean-Robert Tyran Auditorium 12:00–13:00 Lunch Nádor utca 13 Lobby 13:00–15:00 Parallel G CEU G1: Book Launch: IMF’s Fiscal Politics N15 Auditorium A G2: Direct Democracy N15 Auditorium B G3: Economic Growth N15 103 G4: Security: N15 101 G5: Support for Extremism N15 106 G6: Religion and Morality N13 118 G7: Rent-seeking: Theory N15 203 G8: Fiscal Decentralization N15 202

7 SCIENTIFIC PROGRAM SNAPSHOT

15:30 Social activity —Gellért Baths or walking tours 19:00–21:00 Reception Gellért Hotel, Szent Gellért tér 1

Day 4—Saturday, April 22 09:00–10:30 Parallel H CEU H1: Inequality N15 Auditorium A H2: Corruption N15 Auditorium B H3: Sovereign Debt N15 103 H4: Democratic Institutions N15 101 H5: Politics and Policy N15 106 H6: Foreign Aid 2 N13 118 H7: Labor and Well-Being 1 N15 203 10:30–11:00 Coffee Nádor utca 13 Lobby 11:00-12:30 Parallel I CEU I1: Redistribution Preferences N15 Auditorium A I2: Media Bias N15 Auditorium B I3: Public Policy Focus N15 103 I4: The Environment N15 101 I5: Z: Miscellaneous 2 N15 106 I6: Ethnicity and Politics N13 118 I7: Labor and Well-Being 2 N15 203 12:30–13:30 Farewell lunch/coffee tasting Nádor utca 13 Lobby 13:30–14:30 EPCS members meeting Nádor utca 15 Auditorium

8 KEYNOTE ADDRESSES Catherine E. De Vries University of Essex

In-Group Loyalty and the Electoral Punishment of Corruption

Wednesday l April 19, 2017 l 13:45–14:45 CEU l Nádor utca 15 l Auditorium

Catherine De Vries is Professor of Politics in the Department of Government at the University of Essex, affiliated Professor at the University of Amsterdam and an associate member of Nuffield College, University of Oxford. Together with Bernard Steunenberg, Erik Voeten, Kristian Gleditsh, and Scott McClurg, De Vries launched and edits Research & Politics. De Vries is also a member of the Editorial Board of Politics, Acta Politica, Political Science Research & Methods, and Comparative Political Studies.

She is the author of numerous journal articles and of the book and the Future of (forthcoming with Oxford University Press).

De Vries received the 2014 APSA Emerging Scholar Award, the 2015 Sophonisba Breckinridge Award for Best Paper in Women & Politics at the MPSA Conference, and was selected as a Young Global Leader of the World Economic Forum.

9 KEYNOTE ADDRESSES Gérard Roland University of California, Berkeley

Culture and Democratization

Thursday l April 20, 2017 l 11:00–12:00 CEU l Nádor utca 15 l Auditorium

Gérard Roland is the E. Morris Cox Professor of Economics and Professor of Political Science at the University of California, Berkeley. He is also the editor of the Journal of Comparative Economics, associate editor of the American Economic Journal: Economic Policy, and associate editor of the American Journal of Political Science. The author of numerous journal articles, Roland has written six books including Democratic Politics in the (with Simon Hix and Abdul Noury) and Built to Last. A Political Architecture for Europe (with E. Berglöf, B. Eichengreen, G. Tabellini, and C. Wyplosz). Roland has received a number of prestigious academic awards and honors including the Medal of the University of Helsinki (1996), the Officier de L’Ordre de Léopold II (1997), Jean Monnet Professor at Université libre de Bruxelles (2000–01), and Honorary Professor of Renmin University of China (2002).

10 KEYNOTE ADDRESSES Jean-Robert Tyran University of Vienna

Behavioral and Experimental Economics: a Fresh Perspective on Voting

Friday l April 21, 2017 l 11:00–12:00 CEU l Nádor utca 15 l Auditorium

Jean-Robert Tyran is Professor of Public Economics at the University of Vienna, Director of the Vienna Center for Experimental Economics, and Dean of the Faculty for 2016–18. He is also associate editor of the Journal of Behavioral and Experimental Economics, member of various editorial boards (Experimental Economics, European Journal of Political Economy, and Journal of Experimental Political Science) and professional boards (Society for the Advancement of Behavioral Economics and German Economic Association). He is a research fellow at various institutions (Centre for Economic Policy Research (CEPR), London; Economic Policy Research Unit (EPRU), Copenhagen), and has held numerous visiting positions (Harvard Kennedy School, London School of Economics, among others).

Tyran focuses his research primarily on how institutions like markets and democracy are shaped by bounded rationality and social preferences. He has published in general interest journals such as American Economic Review, Econometrica and Review of Economic Studies.

11 IMPORTANT INFORMATION Important Information

Wifi password Wifi is available on campus. • Network: CEU Guest • Password: Budapest1991

Emergency numbers • Ambulance: 104 or 350-0388 • Police: 107 • Fire Department: 105 You can usually find someone who speaks English at the emergency numbers listed above. If you can’t find someone who speaks English, phone 112.

Social media If you tweet about the EPCS conference, please tweet at the handles @SPPCEU and @theEPCS. The hashtag is #epcs2017.

We recycle Please return your magnetic visitor cards when you leave. Please also use the recycling bins that are located on each floor. Thank you.

12 VENUE LOCATIONS Venue Locations

Central European University (CEU) Nádor utca 15: Auditorium A and B Rooms 101, 103, 104, 105, 106, 202, and 203 Nádor utca 13: Room 118

The EPCS conference will take place at two recently inaugurated state-of-the-art buildings that offer high-tech space for learning, teaching, research, and the exchange of ideas. These new buildings are part of a multi-year project to create a modern and environmentally sustainable campus. In July 2015, CEU was awarded the BREEAM environmental certification, becoming the second higher education institution in continental Europe and the first in Central and Eastern Europe to receive this distinction. We urge you to use the hydration stations that are located outside the restrooms to fill up your water bottles.

CEU entrance, Nádor utca 13–15

13 VENUE LOCATIONS B A 106 105 101 103 104

14 VENUE LOCATIONS 203 202 118

15 WICKSELL PRIZE Wicksell Prize

Each year, the EPCS awards the Wicksell Prize, in honor of the Swedish economist Johan Gustaf Knut Wicksell, to the best paper presented at the annual meeting by a “young” researcher.

To qualify for the prize, the presenter of the paper as well as all co-authors must be under 30 years of age as of December 31, 2016.

The Wicksell Prize is generously sponsored by the European Journal of Political Economy published by Elsevier.

Wicksell Prize 2017 Candidates

Candidate Paper Title Matteo Alpino On the Electoral Effectiveness of Pre-election Policy Promises Catarina Alvarez The Blame Game of Property Reassessments Christiana Anaxagorou Foreign Aid and Public Spending: The Role of Institutional Quality Hamza Bennani Overconfident Central Bankers Miguel Borrella-Mas Partisan Alignment and Political Corruption. Theory and Evidence from Mayuri Chaturvedi Rent-Seeking Induced Inequality Traps Stefano Falcone Endogenous Patent Protection

16 WICKSELL PRIZE

Candidate Paper Title Nicolas Gavoille Political Investment and Pay for Politicians: Evidence from the French Municipal Elections Lena Gerling Riots and the Window of Opportunity for Coup Plotters: Evidence on the Link between Urban Protests and Coups d’État Margaryta Klymak Trade Impacts of Naming and Shaming of Forced and Child Labor Colin Kuehnhanss The Advancement of Behavioural Insights: Implications for Policy Design Jean Lacroix Steam Democracy Up! Industrialization-led Urban Opposition in Napoleonic Plebiscites Weijie Luo Demography and the Composition of Taxes Franck Adonis Malan Does Being an IMF Executive Board Member (Re-)Pay? An Examination of IMF Loans and Repayments Benjamin Ogden The Imperfect Beliefs Voting Model Harry Pickard Explaining Fiscal Decentralisation and the Role of Ethnic Diversity Felix Roesel The Persistency of Public Debt Samuel Skoda Hate is in the Air: The Effect of the Czech and German Radio on the Elections in Prewar Czechoslovakia Adam Telek Power Networks – A Network Approach to Voting Theory Federico Trombetta The Price of Silence. Media Competition, Capture, and Electoral Accountability

17 FORMAT OF PARALLEL SESSIONS Format of Parallel Sessions

To ensure that the parallel sessions run smoothly, we ask that participants observe the following:

1. Each presentation lasts no more than 20 minutes. 2. Each presenter discusses the paper before his/hers. The first presenter discusses the last paper. 3. Discussants speak no more than 5 minutes. There is then 5 minutes for general discussion of the paper. 4. The last presenter is the Chair of the session and is responsible for keeping track of time.

Discussions should be substantive. We suggest that discus- sants not waste time summarizing the paper, but focus in- stead on providing constructive feedback that can help the presenter improve their paper. All papers are hyperlinked and are accessible directly from the conference program.

Each room is equipped with interactive wall-mounted LED displays, built-in computers, and wireless screen-sharing pos- sibilities. Please upload and check your presentation slides at least 15 minutes before the start of your session. We will have technical support available at all times.

18 DETAILED SCIENTIFIC PROGRAM Detailed Scientific Program

Day 1 Wednesday April 19, 2017

11:00 Registration CEU Registration will continue Nádor utca 15 throughout the conference Reception desk 13:45–14:45 Keynote address CEU • Catherine de Vries Nádor utca 15 In-Group Loyalty and the Electoral Auditorium Punishment of Corruption 14:45–15:15 Coffee Nádor utca 13 Lobby

15:15–16:45 Parallel Session A CEU

A1: Financial Markets N15 103 Financial Development, Rule of Law and Wealth Inequality l Roman Horvath, Eva Horvatova and Maria Siranova Real Effects of the Removal of Government Guarantees in the Banking Sector: The Case of the German Guarantor’s Liability l Christa Hainz and Susanne Wildgruber The Impact of Government-Driven Loans in the Monetary Transmission Mechanism: What Can We Learn from Firm-level Data? l Marco Bonomo and Bruno Martins

A2: Constitutions N15 101 Constitutional Bargaining and the Quality of Contemporary African Institutions: A Test of the Incremental Reform Hypothesis l Roger Congleton and Dongwoo Yoo Majority Rules in Constitutional Referendums l Stephan Michel and Ignacio N. Cofone Profiting from Natural Disaster? – Inquiring into the Effectiveness of Emergency Constitutions l Christian Björnskov and Stefan Voigt

19 DETAILED SCIENTIFIC PROGRAM

A3: Natural Resources N15 106 Is there a Fiscal Resource Curse? The Mitigation Effect of Political Institutions l Tania Masi, Antonio Savoia and Kunal Sen The Gold Digger and the Machine. Evidence from the Artisanal and Industrial Gold Rush in Burkina Faso l Rémi Bazillier and Victoire Girard Democracy’s Achilles Heel: Structural Causes of Flawed Elections and their Consequences for Citizen Trust l Maddalena Agnoli, Lisa Chauvet, Paul Collier, Anke Hoeffler and Sultan Mehmood

A4: Lessons from History N13 118 Communities after Markets: A Lesson from Post-Communism on the Institutional Preconditions of ‘Governing the Commons’ l Karoly Mike and Boldizsar Megyesi The Relevance of Locke and Montesquieu for Modern Democracies: A Public Choice View l Charles B. Blankart Activating History: The Turkish Sieges of Vienna, anti-Turkish Campaigns, and the Rise of Right-wing Populism l Felix Roesel

A5: Models of Policy-Making N15 203 Endogenous Patent Protection l Stefano Falcone Too-Big-To-Fail in Federations? l Zarko Kalamov and Klaas Staal The Political Economy of FDI Liberalization Versus Labor Market Reform in Autocratic States: An Application to GCC Countries l Louis Jaeck and Sehjeong Kim

A6: Voter Turnout 1 N15 202 The Elasticity of Voter Turnout: Investing 85 Cents per Voter to Increase Voter Turnout by 4 Percent l Mark Schelker and Marco Schneiter Spurious Weather Effects l Jo Thori Lind Opening Hours of Polling Stations and Voter Turnout: Evidence from a Natural Experiment l Niklas Potrafke and Felix Roesel

20 DETAILED SCIENTIFIC PROGRAM

A7: Electoral Cycles and Expenditure N15 104 Electoral Cycles in MPs’ Salaries: Evidence from the German States l Björn Kauder, Manuela Krause and Niklas Potrafke Political Opportunism and Countercyclical Fiscal Policy in Election-year Recessions l Frank Bohn and Francisco Veiga The Influence of Mayors’ Characteristics and Elections on the Composition of Brazilian Local Governments’ Expenditures l Jonatan Lautenschlage and Linda Veiga

A8: Decentralization 1 N15 105 Fiscal Interactions in the Short- and the Long-run: Evidence from German Reunification l Thushyanthan Baskaran Government Decentralization and International Government Performance l Rajeev Goel, Ummad Mazhar, Michael Nelson and Rati Ram Decentralization and Accountability in Authoritarian Regimes: Evidence from Rural China l Vanesa Pesque-Cela

16:45–17:15 Coffee Nádor utca 13 Lobby

17:15–18:45 Parallel Session B CEU

B1: Institutions, Policy, and Firm Behavior N15 Auditorium A Regional Quality and Impaired Firms: Evidence from l Jarko Fidrmuc and Angela De Martiis Public Procurement versus Laissez-Faire: Evidence from Household Waste Collection l Jaakko Meriläinen and Janne Tukiainen The Effect of Policy Uncertainty on Investment Plans: Evidence from the Unexpected Acceptance of a Far-Reaching Referendum in l Klaus Abberger, Andreas Dibiasi, Michael Siegenthaler and Jan-Egbert Sturm

21 DETAILED SCIENTIFIC PROGRAM

B2: Tolerance N15 Auditorium B Roots of Tolerance: What Explains Western Values Among Children of Immigrants? l Niclas Berggren, Martin Ljunge and Therese Nilsson Hate is in the Air: The Effect of the Czech and German Radio on the Elections in Prewar Czechoslovakia l Bruno Baránek, Kryštof Krotil and Samuel Škoda The Tolerance of the Intolerant l Colin Jennings

B3: Aging and Pensions N15 103 From State to Market and Back: The Politics and Economics of Pension Privatization in Eastern Europe l Dragos Adascalitei and Federico Vegetti Is There a Sisyphus Syndrome in Long Term Care? l Theis Theisen Why Are Savings Rate so Low and Interest Rates so High in Brazil? The Role of Unfunded Social Security and Compulsory Savings l Marco Bonomo, Ricardo D. Brito and Marcelo R. dos Santos

B4: Non-Democracies N15 101 Are There Types of Dictatorship? l Ronald Wintrobe The Nexus of Growth, Inequality and Poverty: Are Autocratic Systems Different? l Dejan Dragutinovic, Andreas Freytag and Julian Schmied The Effect of Coups d’État on Physical Integrity Rights l Christian Bjørnskov and Katharina Pfaff

B5: Voting Behavior: Theory N15 106 Power Networks – A Network Approach to Voting Theory l Adam Telek The Imperfect Beliefs Voting Model l Benjamin Ogden Intensity Valence l Fabian Gouret and Stephane Rossignol

22 DETAILED SCIENTIFIC PROGRAM

B6: Foreign Aid 1 N13 118 The Effectiveness of Aid under Post-conflict Conditions: A Sector-specific Analysis l Julian Donaubauer, Dierk Herzer and Peter Nunnenkamp Did the Aid Boom Pacify Sub-Saharan Africa? l Jean-Paul Azam and Véronique Thelen Is Targeted Aid More Effective? Sector-specific Needs, the Composition of Aid and its Effects on Growth l Gerda Asmus, Axel Dreher and Peter Nunnenkamp

B7: Intergovernmental Transfers: EU Funds N15 203 Derangement or Development? Political Economy of EU Structural Funds Allocation in New Member States – Insights from the Hungarian Case l Judit Kalman The Political Economy of EU-funds: Evidence from l Monika Banaszewska and Ivo Bischoff Impact of European Funds on Student Performance in l Marcela Veselkova

19:00–21:00 Welcome Reception An’Kert, Paulay Ede u. 33 19:45–20:00 Welcoming remarks An’Kert • Michael Ignatieff Paulay Ede u. 33 20:45–22:45 Board of Directors dinner Ko˝leves By invitation only Vendéglo˝ Kazinczy u. 41

23 DETAILED SCIENTIFIC PROGRAM

Day 2 Thursday April 20, 2017

9:00–10:30 Parallel Session C CEU

C1: Global Governance: Financial Institutions N15 103 Macroeconomic Impact of Basel III: Evidence from a Meta-Analysis l Jarko Fidrmuc and Ronja Lind Room for Discretion? The Political Economy of the World Bank-IMF Debt Sustainability Analysis l Valentin Lang and Andrea Presbitero Cooperation between the International Monetary Fund and the World Bank. The Role of Competition and Domain Dissent in Communication and Decision Making l Laura Sabani

C2: Security: Conflict N15 101 Educational Attainment in the Neighborhood of Conflicts: Evidence from Sub-Saharan Africa Using Geo-referenced Data l Krisztina Kis-Katos and Kerstin Unfried Neighborhood Disputes? Spatial Inequalities and Civil Conflict in Africa l Richard Bluhm and Melvin H. L. Wong Opium Cultivation and the Geography of Conflict in Afghanistan l Kai Gehring, Sarah Langlotz and Stefan Kienberger

C3: Political Accountability N15 106 The Price of Silence. Media Competition, Capture, and Electoral Accountability l Federico Trombetta Interest Groups versus Voters and the Political Economics of Attention l Patrick Balles, Ulrich Matter and Alois Stutzer Shirk or Work? On How Legislators React to Monitoring l Katharina E. Hofer

24 DETAILED SCIENTIFIC PROGRAM

C4: Gender Economics N13 118 Gendered Budgetary Preferences among Flemish Local Politicians l Caroline Slegten, Benny Geys and Bruno Heyndels Does the Election of a Female Leader Clear the Way for More Women in Politics? l Thushyanthan Baskaran and Zohal Hessami Gender and Monetary Policymaking: Trends and Drivers l Paola Profeta, Donato Masciandaro and Davide Romelli

C5: Voter Turnout 2 N15 203 A Simultaneous Analysis of Turnout and Voting under Proportional Representation: Theory and Experiments l Aaron Kamm and Arthur Schram Compulsory Voting, Voter Turnout and Asymmetrical Habit-Formation l Stefanie Gäbler, Niklas Potrafke and Felix Rösel Term Limits and Voter Turnout l Francisco Jose Veiga and Linda Goncalves Veiga

C6: FDI N15 202 Jam Tomorrow but Never Jam Today: Do Democratic Transitions Attract Foreign Investors and How Fast? l Jean Lacroix, Pierre-Guillaume Méon and Khalid Sekkat Election Cycles in Multinational Firm Activities: Evidence from German Municipalities l Sebastian Blesse and Christophe-Johannes Schild FDI and Sanctions: Being Good Guys or Good Investors? l Irina Mirkina

C7: Decentralization 2 N15 104 Factors Driving Inter-municipal Cooperation in Administrative Tasks – Evidence from l Ivo Bischoff and Eva Wolfschuetz Political Investment and Pay for Politicians: Evidence from the French Municipal Elections l Nicolas Gavoille Ownership, Organization Structure and Public Service Performance: Evidence from Italian Museums l Enrico Bertacchini, Chiara Dalle Nogare and Raffaele Scuderi

25 DETAILED SCIENTIFIC PROGRAM

10:30–11:00 Coffee Nádor utca 13 Lobby 11:00–12:00 Keynote address CEU • Gérard Roland Nádor utca 13 Culture and Democratization Lobby 12:00–13:00 Lunch Nádor utca 13 Lobby EJPE Board Meeting Nádor utca 9 By invitation only Popper Room

13:00–15:00 Parallel Session D CEU

D1: Book Launch: Oxford Handbook of Public Choice N15 Auditorium A The Political Economy of Rent Creation and Rent Extraction l Roger Congleton (Discussant: Francois Facchini) Corruption l Toke S. Aidt (Discussant: Cristina Corduneanu-Huci) Expressive Voting l Colin Jennings and Alan Hamlin (Discussant: Ivo Bischoff) The Politics of Central Bank Independence l Jakob de Haan and Sylvester C.W. Eijffingerc (Discussant: Wolfgang Reinicke)

D2: Policy Forecast Bias N15 Auditorium B Regional, Individual and Political Determinants of FOMC members’ Key Macroeconomic Forecasts l Stefan Eichler and Tom Lähner Disentangling Political and Institutional Determinants of Budget Forecast Errors: A Comparative Evidence l Mamadou Boukari and Francisco José Veiga Overconfident Central Bankers l Hamza Bennani Windows of Opportunity? Growth, Government Beliefs and Reforms in OECD Countries l Mamadou Boukari, Etienne Farvaque and Franck Malan

26 DETAILED SCIENTIFIC PROGRAM

D3: Public Debt N15 103 “Monstrous Moral Hybrids” and the Corrupting Quality of Public Debt l Giuseppe Eusepi and Richard E. Wagner The Persistency of Public Debt l Felix Roesel When and Why Do Countries Break Their National Fiscal Rules? l Wolf Heinrich Reuter Fragmented Politics and Public Debt l Ernesto Crivelli, Sanjeev Gupta, Carlos Mulas-Granados and Carolina Correa-Caro

D4: Security: Theory N15 101 Does Overconfidence Drag Out War? l Maxime Menuet and Patrick Villieu Bias, Bullets, and Babies l Arye Hillman and Artyom Jelnov Using Machine Learning To Predict Conflict: Toward an Unified Theory of Civil Conflict? l Atin Basuchoudhary, Jim Bang, Tinni Sen and John David Trading Arms With the Enemy: An Approach Based on Guns Versus Butter Models l Julien Malizard and Antoine Pietri

D5: Tax Compliance N15 106 Tax Morale, Aversion to Ethnic Diversity, and Decentralization l Alessandro Belmonte, Roberto Dell’Anno and Desiree Teobaldelli Tax Evasion, Institutional Change and Path Dependence: Experimental Evidence l Aaron Kamm, Christian Koch and Nikos Nikiforakis The Effects of Compliance Reminders on Personal Income Tax Payments in ; Evidence from a Regression Discontinuity Design l Antonios Koumpias Does e-government improve government capacity? Evidence from tax compliance costs and public procurement competitiveness l Anna Kochanova, Zahid Hasnain and Bradley Larson

27 DETAILED SCIENTIFIC PROGRAM

D6: EU Politics N13 118 Influence in the EU: Measuring Mutual Support l Marco Fantini and Klaas Staal Winners, Losers, and Public Support for European Integration in Times of Crisis l Karsten Mause and Bernd Schlipphak Money Can’t Buy EU Love: European Funds and the Referendum l Jan Fidrmuc, Martin Hulényi and Cigdem Borke Tunali Do Individual Heterogeneity and Spatial Correlation Matter? An Innovative Approach to the Characterisation of the European Political Space l Giovanna Iannantuoni, Elena Manzoni and Francesca Rossi

D7: Regional Favoritism N15 203 Political Motives Behind the Allocation of Investment Grants in Hungary – A Regression Discontinuity Design Approach l András Gregor Does Being an IMF Executive Board Member (Re-)Pay? An Examination of IMF Loans and Repayments l Franck Adonis Malan Multi-Lateral Lending to European Regions: Who Gets the Funds and What are the Effects? l Zareh Asatryan and Annika Havlik Appointed Public Officials, Social Ties, and Local Favoritism: Evidence from the German States l Thushyanthan Baskaran and Mariana Lopes da Fonseca

D8: Welfare State N15 202 Ignoring Economics: Why Rich Countries Find it Easier to Expand Welfare States l Bastian Becker The Welfare State and Reciprocal Workers: A Social Contract about Equity and Efficiency l Erik Canton The Impact of Inequalities on the Size and Efficiency of Local Governments: Evidence from a Benchmarking Analysis l Kristýna Dostálová, Benoît Le Maux and Jean-Michel Josselin Lazy Bob and the Bumblebee: Can Social Control Prevent Free Riding in the Universal Welfare State? l Urs Steiner Brandt and Gert Tinggaard Svendsen 15:00–15:30 Coffee Nádor utca 13 Lobby

28 DETAILED SCIENTIFIC PROGRAM

15:30–17:00 Parallel Session E CEU

E1: Redistribution and Social Preferences N15 Auditorium A Economic and Class-Voting in a Model of Redistribution with Social Concerns l Andrea Gallice and Edoardo Grillo Bridging or Bonding? Preferences for Redistribution and Social Capital in Russia l Ekaterina Borisova, Andrei Govorun and Denis Ivanov Pocketbook Voting and Social Preferences in Referenda l Johannes Meya, Panu Poutvaara and Robert Schwager

E2: Refugees and Asylum N15 Auditorium B Dynamics between the Mass Media and Asylum Acceptance Rates l Caleb Koch, Izabela Moise, Karsten Donnay, Emina Boudemagh and Dirk Helbing Deportation of Asylum Seekers and Government Ideology: Evidence from the German States l Manuela Krause and Niklas Potrafke Does Aid Help Refugees Stay? Does Aid Keep Refugees Away? l Axel Dreher, Andreas Fuchs and Sarah Langlotz

E3: Central Banks N15 103 Central Banks’ Preferences and Banking Sector Vulnerability l Gregory Levieuge, Yannick Lucotte and Florian Pradines-Jobet Central Banks’ Predictability: An Assessment by Financial Market Participants l Bernd Hayo and Matthias Neuenkirch Can We Identify the Fed’s Preferences? l Jean-Bernard Chatelain and Kirsten Ralfz

E4: Political Transitions N15 101 Democratization and the Conditional Dynamics of Income Distribution l Michael Dorsch and Paul Maarek Democracy, Dictatorship and the Cultural Transmission of Political Values l Davide Ticchi, Thierry Verdier and Andrea Vindigni The Consequences of the French Revolution in the Short and Longue Durée l Raphael Franck and Stelios Michalopoulos

29 DETAILED SCIENTIFIC PROGRAM

E5: Municipal Politics N15 106 Partisan Alignment and Political Corruption. Theory and Evidence from Spain l Miguel Ángel Borrella-Mas Fiscally Responsible Mafia-clans l Sergio Beraldo, Massimo Bordignon, Simone Pellegrino, Massimiliano Piacenza and Gilberto Turati Separated Under the Same Roof: Fiscal Inefficiency of Parties’ Fragmentation and Mayor’s Political Power l Matteo Cervellati, Giorgio Gulino and Paolo Roberti

E6: Property Markets and Land Reforms N13 118 The Blame Game of Property Reassessments l Catarina Alvarez Housing Costs and Inequality in Post-Revolutionary Iran l Mohammad Reza Farzanegan, Hassan Gholipour and Jeremy Nguyen The Political Economy of Land Reform Enactments: New Cross-National Evidence 1900–2010 l Prasad Bhattacharya, Devashish Mitra and Mehmet Ulubasoglu

E7: Elections: Ballots N15 203 Ballot Access Regulations and Local Politics: Evidence from Italian Municipalities l Santiago Perez Vincent Shape or Substance: How Influential is Ballot Design in Elections? l Agustin Casas, Guillermo Diaz and Christos Mavridis Complex Ballot Propositions, Individual Voting Behavior, and Status Quo Bias l Zohal Hessami and Sven Resnjanskij

E8: Z: Miscellaneous 1 N15 202 Why Ancient Greece Failed to Industrialise: Technology, Energy and City–state Multiplicity l George Tridimas Minds for the Market: Non-Cognitive Skills in Post-Soviet Countries l Anna Kochanova and Maryam Naghsh Nejad December Fever in Public Finance l Vera Eichenauer 19:00–22:00 Gala Dinner and Pesti Vigadó Wicksell Prize Announcement Vigadó tér 2

30 DETAILED SCIENTIFIC PROGRAM

Day 3 Friday April 21, 2017

09:00–10:30 Parallel Session F CEU

F1: Taxation N15 103 Striking a Balance: Optimal Tax Policy with Labor Market Duality l Gilbert Mbara, Joanna Tyrowicz and Ryszard Kokoszczynski On the Boundaries of the Shadow Economy – An Empirical Investigation l Eran Manes, Friedrich Schneider and Anat Tchetchik Demography and the Composition of Taxes l Weijie Luo

F2: Security: Riots N15 101 Riots and the Window of Opportunity for Coup Plotters: Evidence on the Link between Urban Protests and Coups d’État l Lena Gerling Steam Democracy Up! Industrialization-led Urban Opposition in Napoleonic Plebiscites l Jean Lacroix The Social Dynamics of Riots: Evidence from the Captain Swing Riots, 1830–31 l Toke S. Aidt, Gabriel Leon and Max Satchell

F3: Voting Behavior: Empirical N15 106 Electing Parents l Christoph Sajons, Jan Meier and Stephan Wolf On the Electoral Effectiveness of Pre-election Policy Promises l Matteo Alpino Political Cycles and Elections in Russian Regions l Oleg Sidorkin and Dmitriy Vorobyev

F4: Enfranchisement N13 118 Suffrage Extension, Government Size and National Identity Before WWI l Elena Seghezza, Pierluigi Morelli and Giovanni B. Pittaluga Female Empowerment and Firm Values: The Introduction of Female Suffrage in Switzerland l Joerg Stahl “The Shepherd and his Sheep” – How Vatican II Influenced the Introduction of Women‘s Suffrage in Switzerland l Anna Maria Koukal

31 DETAILED SCIENTIFIC PROGRAM

F5: Rent-Seeking: Empirics N15 203 Who are the Successful Rent Seekers? Evidence from Corruption Convictions in China l Arye Hillman and Qijun Liu Pro-poor or Political Targeting: An Analysis of Social Assistance in Developing Countries l Marina Dodlova, Anna Giolbas and Jann Lay Princelings and Political Rents l David Szakonyi

F6: Comparative Democratic Institutions N15 202 Public Good under Appointed versus Elected Mayors: Evidence about Criminality in l Andrea Colombo and Ilan Tojerow It’s a Matter of Confidence. Institutions, Government Stability and Economic Outcomes l Luca Bettarelli, Michela Cella, Giovanna Iannantuoni and Elena Manzoni Disentangling Fiscal Effects of Local Constitutions l Jaroslaw Kantorowicz and Monika Köppl Turyna

F7: Education N15 104 The Political Economy of Expenditures for Vocational Schools in German Counties l Ivo Bischoff and Julia Hauschildt Are Educated Leaders Good for Education? Evidence from India l Rahul Lahoti and Soham Sahoo Upward Mobility and Legislator Support for Education Reforms l Luna Bellani and Vigile Marie Fabella

F8: Micro Theory and Experiments N15 105 A Bargaining Experiment with Asymmetric Institutions and Preferences l Aaron Kamm and Harold Houba Participation, Contribution and Distribution in Parallel Contests l Martin Grossman Corruption in All-Pay Auctions l Chara Papioti

10:30–11:00 Coffee Nádor utca 13 Lobby

32 DETAILED SCIENTIFIC PROGRAM

11:00–12:00 Keynote address CEU • Jean-Robert Tyran Nádor utca 15 Behavioral and Experimental Economics: Auditorium a Fresh Perspective on Voting 12:00–13:00 Lunch Nádor utca 13 Lobby

13:00–15:00 Parallel Session G CEU

G1: Book Launch: IMF’s Fiscal Politics N15 Auditorium A Fiscal Politics l Vitor Gaspar, Sanjeev Gupta and Carlos Mulas-Granados (Discussant: Julius Horvath) Governments and Promised Fiscal Consolidations: Do They Mean What They Say? l Sanjeev Gupta, João Jalles, Carlos Mulas-Granados and Michela Schena (Discussant: Friederich Heinemann) Fiscal Discipline and Exchange Rates: Does Politics Matter? l Joao Tovar Jalles, Carlos Mulas-Granados and Jose Tavares (Discussant: Jakob de Haan) It’s Politics, Stupid! Political Constraints Determine Governments’ Reactions to the Great Recession l Fabian Gunzinger and Jan-Egbert Sturm (Discussant: Adam Zawadowski)

G2: Direct Democracy N15 Auditorium B Correlates and Determinants of Direct Democracy l Bernd Hayo, Jerg Gutmann and Stefan Voigt Explaining a Paradox of Democracy” – The Role of Institutions in Female Enfranchisement l Anna Maria Koukal and Reiner Eichenberger Proposals for a Democracy of the Future l Bruno S. Frey Policy Making by a Randomly Drawn Assembly of Citizens? A General Model and Illustrative Application to Northern Ireland l George Tridimas and John Garry

33 DETAILED SCIENTIFIC PROGRAM

G3: Economic Growth N15 103 National Emergency, Security Spending, and Growth l Toshihiro Ihori Growth, Culture and Institutions: The Quest for Causality l Eelke de Jong Inequality, Financial Development and Economic Growth in the OECD, 1870–2011 l Jakob Madsen, Md. Rabiul Islam and Hristos Doucouliagos How do High and Low Levels of Social Trust Affect the Long-run Performance of Poor Economies? l Erich Gundlach and Gert Tinggaard Svendsen

G4: Security: Terrorism N15 101 The Effect of Migration on Terror – Made at Home or Imported from Abroad? l Axel Dreher, Martin Gassebner and Paul Schaudt Heterogeneous Effects of Terror Attacks on International Tourism: A Dynamic Panel Data Analysis l Valentin Klotzbuecher and Guenther Schulze Priming (intra)National Identity: Evidence from a Survey-Experiment and a Real-World Terror Attack l Colin Kuehnhanss, Joshua Holm and Bram Mahieu I Hope I Die Before I Get Old: the Supply Side of the Market for Suicide Bombers l Thomas Apolte

G5: Support for Extremism N15 106 The Impact of Unemployment on Extremist Party Identification – Evidence from Germany l Florian Neumeier and Martin Schröder The Motivations of the French National Front Voters: A Behavioral Political Economy Approach l Francois Facchini and Louis Jaeck The Effect of Income Inequality on Political Polarization: Evidence from European Regions, 2002–2014 l Hernan Winkler Political Preferences of (Un)happy Voters: Evidence Based on New Ideological Measures l Richard Jong-A-Pin, Maite Lameris and Harry Garretsen

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G6: Religion and Morality N13 118 Measuring Religiosity by Google Trends l Timothy Yu-Cheong Yeung Still Influential: The Protestant Emphasis on Schooling l Horst Feldmann Is Corruption a Greater Evil than Sin? l Cigdem Borke Tunali and Laurent Weill Incentives Beyond the Grave l Jean-Paul Azam and Mario Ferrero

G7: Rent-seeking: Theory N15 203 Rent-Seeking Induced Inequality Traps l Mayuri Chaturvedi Gangs of New York: Organized Crime as the Link between Inequality and Corruption l Soeren C. Schwuchow Rent-seeking and the Polarization of Politics l Jan Klingelhöfer Political Rents Under Alternative Forms of Judicial Review l Leyla D. Karakas

G8: Fiscal Decentralization N15 202 Does Fiscal Decentralization Encourage Electoral Participation? l Alfa Farah Fiscal Federalism and Income Inequality: An Empirical Analysis for Switzerland l Lars P. Feld, Christian Frey, Christoph A. Schaltegger and Lukas A. Schmid Does Fiscal Oversight Matter? l Desiree Christofzik and Sebastian Kessing Can Fiscal Decentralisation Curb Fiscal Imbalances? l Grazyna Bukowska and Joanna Siwinska-Gorzelak

15:30 Social activity Kelenhegyi u. 4 • Gellért Baths or • walking tours of Budapest 19:00–21:00 Reception Gellért Hotel Szent Gellért tér 1

35 DETAILED SCIENTIFIC PROGRAM

Day 4 Saturday April 22, 2017

09:00–10:30 Parallel Session H CEU

H1: Inequality N15 Auditorium A Impact of Inequality-Related Media Coverage on the Worries of the German Citizens l Matthias Diermeier, Henry Goecke, Judith Niehues and Tobias Thomas Globalization and Income Inequality – Revisited l Florian Dorn, Clemens Fuest and Niklas Potrafke Mass Media and Attitudes to Inequality l Debora Di Gioacchino and Alina Verashchagina

H2: Corruption N15 Auditorium B Calculating Corruption: Political Competition and Bribery Under Authoritarianism l Noah Buckley Does Corruption Hinder Investment? Evidence from Russian Regions l Nikita Zakharov Perceived Corruption and Government Level: Far Away Politicians are Perceived as More Corrupt l Abel François and Pierre-Guillaume Méon

H3: Sovereign Debt N15 103 How Do Sovereign Bond Investors Judge the Economic Performance of the Government? l Stefan Eichler and Timo Plaga Accountability Bonds – A Reform Proposal for the Area l Clemens Fuest, Friedrich Heinemann and Christoph Schröder Restoring Reputation? The IMF and Sovereign Creditworthiness l Kai Gehring and Valentin Lang

36 DETAILED SCIENTIFIC PROGRAM

H4: Democratic Institutions N15 101 Machine Learning Indexes: Using a New Methodology to Unbundle the Role of Democratic Institutions for Economic Success l Klaus Gruendler and Tommy Krieger Democratic Institutions and Education Inequality l Jean-François Brun, Gérard Chambas and Constantin Compaoré Jumps into Democracy: The Short and Long Run in the Democratic Transition l Martin Paldam and Erich Gundlach

H5: Politics and Policy N15 106 Politicized Trade: What Drives Withdrawal of Trade Preferences? l Martin Gassebner and Arevik Gnutzmann-Mkrtchyan Distributive Spending and Presidential Partisan Politics l Thushyanthan Baskaran and Yaniv Reingewertz Electoral Cycles, Partisan Effects and U.S. Policies l Marcus Drometer and Romuald Méango

H6: Foreign Aid 2 N13 118 Aid Donors l Andreas Fuchs and Angelika Müller Foreign Aid and Public Spending: The Role of Institutional Quality l Christiana Anaxagorou Information Transmission and Ownership Consolidation in Aid Programs l Axel Dreher, Sarah Langlotz and Silvia Marchesi

H7: Labor and Well-Being 1 N15 203 Trade Impacts of Naming and Shaming of Forced and Child Labor l Margaryta Klymak Parental Depression and the Child Labor-schooling Nexus: Evidence from Mexico l Björn Nilsson Human Smuggling and Intentions to Migrate to Europe l Guido Friebel, Miriam Manchin, Mariapia Mendola and Giovanni Prarolo

10:30–11:00 Coffee Nádor utca 13 Lobby

37 DETAILED SCIENTIFIC PROGRAM

11:00–12:30 Parallel Session I CEU

I1: Redistribution Preferences N15 Auditorium A Economic Experiences, Target-specific Beliefs and Demands for Redistribution l Christina Fong, Ilpo Kauppinen and Panu Poutvaara Political Ideology and the Probability of Upward Mobility Hypothesis: A Study of Political Beliefs, Mobility Prospects and Redistributive Preferences l Maite Laméris, Harry Garretsen and Richard Jong-A-Pin Redistribution in Whose Favor? Preferences with Regard to Nationality and Type of Beneficiaries l Ilja Neustadt and Peter Zweifel

I2: Media Bias N15 Auditorium B Partisan “Watchdogs”? Elections and Media Coverage of Corruption Scandals l Marco Le Moglie and Gilberto Turati Does the 4th Estate Deliver? Towards a More Direct Measure of Political Media Bias l Ralf Dewenter, Uwe Dulleck and Tobias Thomas Coverage Bias on Wikipedia? Evidence from Biographies of German Members of Parliament l Anna Kerkhof and Johannes Muenster

I3: Public Policy Focus N15 103 The Advancement of Behavioural Insights: Implications for Policy Design l Colin Kuehnhanss The Cost-reducing Effect of Reforms that Shrink the Public Share of Healthcare Financing: Evidence from OECD Countries l Steffen Eriksen and Rasmus Wiese Perspectives on a “G-Zero World”: Takeaways From Trade Policy Research l Helene Binder, Barbara Dluhosch and Daniel Horgos

38 DETAILED SCIENTIFIC PROGRAM

I4: The Environment N15 101 Environmental Protection, Cohesion Policy and Regional Economies in the EU l Jan Fidrmuc, Martin Hulényi and Olga Zajkowska Shades of Red and Blue: Political Ideology and Sustainable Development l Toke S. Aidt, Vitor Castro and Rodrigo Martins Environmental Taxation: Leviathan or Pigouvian? l Isabelle Cadoret, Emma Galli and Fabio Padovano

I5: Z: Miscellaneous 2 N15 106 Economics of the Time Zone: Let There Be Light l Pavel Jelnov An Honest Day’s Pay: Mongolian Small Business Operators Steal Less than Student Subjects in a Laboratory Property Rights Dilemma, and Business Success Correlates with Stealing Less in the Lab l Mongoljin Batsaikhan and Louis Putterman Pulling Leviathan’s Teeth – The Political Economy of Death Penalty Abolition l Jerg Gutmann

I6: Ethnicity and Politics N13 118 Making a (Vice-) President: Party Politics, Ethnicity, Village Loyalty and Community-Driven Development l Jean-Louis Arcand, Samba Mbaye and Jean-Pierre Tranchant The Geography of Natural Resources, Ethnic Inequality and Development l Christian Lessmann and Arne Steinkraus Explaining Fiscal Decentralisation and the Role of Ethnic Diversity l Harry Pickard

I7: Labor and Well-Being 2 N15 203 The Host with the Most? The Effects of the Olympic Games on Happiness l Paul Dolan, Georgios Kavetsos, Christian Krekel, Dimitris Mavridis, Robert Metcalfe, Claudia Senik, Stefan Szymanski and Nicolas Ziebarth Family Decision-Making on International Migration l Till Nikolka and Panu Poutvaara

12:30–13:30 Farewell lunch and coffee tasting Nádor utca 13 Lobby 13:30–14:30 EPCS members meeting Nádor utca 15 Auditorium

39 SOCIAL PROGRAM Social Program Welcome Reception April 19, 7–9 pm at An’Kert

The EPCS Welcome Reception will take place at An’Kert, a popular “ruin pub” in downtown Budapest. Located in a covered outdoor courtyard within a former factory, An’Kert’s min- imalist post-industrial design is emblematic of Budapest’s urban revitalization in recent years.

Short walk from CEU, just east of Andrássy utca Paulay Ede utca 33, 1061 Budapest Phone: (+36) 70.621.0741

Gala Dinner April 20, 7–10 pm at the Pesti Vigadó Ceremonial Hall

The EPCS Gala Dinner on April 20, 2017 (7–10 pm) will take place in the Pesti Vigadó Ceremonial Hall, an elaborately decorated room that offers memorable views of the Buda Hills. The Pesti Vigadó has had a long and fascinating

Short walk from CEU, facing the Danube River Vigadó tér 2, 1051 Budapest Phone: (+36) 20.429.4124

40 SOCIAL PROGRAM history. Buildings on this site have hosted numerous artistic events and concerts by world-famous artists such as Béla Bartók, Claude Debussy, Ferenc Liszt, Maurice Ravel, Arthur Rubinstein, and Johann Strauss.

Reception April 21, 7–9 pm at the Danubius Hotel Gellért

The reception on Friday evening will take place at the Danubius Hotel Gellért, which is located at the foot of Gellért Hill along the bank of the Danube River. This hotel has been a favorite destination of Hungarians and visitors to Budapest throughout its almost 100-year history.

Easily accessible via bus, tram, or the M4 metro Szent Gellért tér 1, 1111 Budapest l Phone: (+36.1) 889.5500

41 SOCIAL PROGRAM

Social Program – Friday Afternoon

We have organized several activities for Friday (April 21) afternoon. The main attraction is a visit to the world-famous Gellért Baths. The baths, which were opened in 1918 and extensively renovated and restored in 2006–07, are decorated in the Art Nouveau style with intricate mosaics, tiles, and stained glass. The 10 pools of various sizes and temperatures are located in the same building as the Hotel Gellért where there will be a reception from 7 to 9 pm.

We have also organized two walking tours – of Jewish Budapest and to the Castle District. The tour of Jewish Budapest will include visits to several important synagogues including the Dohány Street Synagogue (the largest synagogue in Europe), the Rumbach Synagogue, and the Kazinczy Synagogue; the Raoul Wallenberg Memorial Park; the Tree of Life-Holocaust Memorial; and Heroes’ Temple.

The tour of the Castle District will include a visit to the Royal Palace, which was first completed in 1265; , where Charles IV was coronated in 1916 and where King Matthias got married – twice; and also the Fisherman’s Bastion from where you will enjoy a breathtaking view over the city.

42 ABOUT BUDAPEST AND CEU About Budapest and CEU

Budapest

The capital of Hungary, Budapest is a stunningly beautiful city that attracts more than 4.5 million tourists per year. It is located along the banks of the Danube River in the heart of Europe.

The city is known for its thermal baths, art nouveau architecture, and cultural vibrancy. You can also eat well in Budapest. It is home to four Michelin star restaurants and is renowned for its pastries. Visitors to Budapest especially appreciate its dynamic and affordable cultural life that is enriched by the presence of the internationally celebrated Budapest Festival Orchestra and the many festivals and concerts that take place throughout the year.

There are a couple of events taking place in April 2017 that you might want to check out: 2017 on April 8–24; Budapest 100, an annual celebration of 100-year old buildings in Budapest on April 16–17; and I bike Budapest on April 22.

Budapest boasts an extensive public transportation system of metro lines, buses, streetcars, railways, and ferries. The city is also easily explored by foot and bicycle, which can be hired from the city’s bike- sharing program, MOL Bubi.

43 ABOUT BUDAPEST AND CEU

Central European University

In the words of its President and Rector Michael Ignatieff, Central European University (CEU) “is a new model for inter- national education, a center for regional and global studies, and a source of intellectual support for building open and democratic societies that respect human rights.” It offers graduate degree programs in the social sciences and humanities, business and economics, environmental sciences and policy, law, network science, cognitive science, and mathematics. CEU has a long tradition of, and strong commitment to, academic and research excellence in public policy, economics, political science, and international relations. Accredited in the United States and Europe, the University boasts an exceptionally diverse student body with students from 108 countries.

CEU was established in 1991 by Hungarian-American financier and philanthropist George Soros. His vision was to recruit professors and students from around the world to build a unique institution that would train future generations of scholars, professionals, politicians, and civil society leaders to contribute to the region’s transition to democratic market economies and adherence to the rule of law.

In September 2016, CEU inaugurated two state-of-the- art buildings that are home to the CEU Library, a 400-seat auditorium, and classrooms and meeting spaces equipped with the latest technology. EPCS 2017 will take place in these two buildings located on Nádor Street, just a block from the Danube River.

44 FORMER EPCS PRESIDENTS Former EPCS Presidents

2013–2015 Toke S. Aidt 2011–2013 Jan-Egbert Sturm 2009–2011 Fabio Padovano 2007–2009 Lars P. Feld 2005–2007 Jakob de Haan 2003–2005 Gebhard Kirchgässner 2001–2003 Jean-Dominique Lafay 1999–2001 Dennis C. Mueller 1998–1999 Douglas Hibbs 1997–1998 Kristian Palda and Arthur Schram 1996–1997 Arye Hillman 1995–1996 Friedrich Schneider 1994–1995 José Casas Pardo 1993–1994 Vani Borooah 1992–1993 Giorgio Brosio 1991–1992 Pierre Salmon 1990–1991 Heinrich Ursprung 1989–1990 Friedrich Schneider 1988–1989 Bengt-Arne Wickström 1987–1988 Francesco Forte 1986–1987 Frans van Winden 1984–1986 Charles Beat Blankart 1983–1984 Jean-Dominique Lafay 1982–1983 Martin Paldam 1981–1982 Charles Rowley 1974–1981 Peter Bernholz 1972–1974 Elisabeth Liefmann-Keil

45 EPCS 2017 ORGANIZERS EPCS 2017 Organizers

Local Organizers and Program Chair Michael Dorsch l School of Public Policy, CEU Julius Horvath l Department of Economics, CEU

EPCS President Axel Dreher l Ruprecht-Karls-University Heidelberg, Germany

EPCS Board Lisa Chauvet l DIAL, IRD, Université Paris–Dauphine, Michael Dorsch l Central European University, Hungary Jan Fidrmuc l Brunel University, Martin Gassebner l University of Hannover, Germany Krisztina Kis-Katos l University of Freiburg, Germany Silvia Marchesi l Università di Milano Bicocca, Italy Paola Profeta l Università Bocconi, Italy Gert Tinggaard Svendsen l Aarhus University, Linda Veiga l University of Minho,

Wicksell Prize Committee Toke Aidt l University of Cambridge, United Kingdom Axel Dreher l Ruprecht-Karls-University Heidelberg, Germany Paola Profeta l Università Bocconi, Italy

CEU Organization Team Bernadett Báll l Katalin Dér l Liliana Fernandez l Susanne Lane l Dorothy Lineer l Lucia Sobekova

46 CONFERENCE PARTICIPANTS Conference Participants

Participant Email Panel Dragos Adascalitei [email protected] B3 Central European University Toke Aidt [email protected] D1, F2 University of Cambridge Matteo Alpino [email protected] F3 University of Oslo Catarina Alvarez [email protected] E6 NOVA School of Business & Economics Christiana Anaxagorou [email protected] H6 University of Sheffield Thomas Apolte [email protected] G4 Center for Interdisciplinary Economics Zareh Asatryan [email protected] D7 ZEW Mannheim John Ashworth [email protected] Durham University Gerda Asmus [email protected] B6 AWI Heidelberg University Jean-Paul Azam [email protected] B6 Toulouse School of Economics Patrick Balles [email protected] C3 University of Basel Monika Banaszewska [email protected] B7 Poznan´ University of Economics & Business Thushyanthan Baskaran [email protected] A8 University of Siegen Atin Basuchoudhary [email protected] D4 Virginia Military Institute Mongoljin Batsaikhan [email protected] I5 Georgetown University Bastian Becker [email protected] D8 Central European University

47 CONFERENCE PARTICIPANTS

Participant Email Panel Luna Bellani [email protected] F7 University of Konstanz Hamza Bennani [email protected] D2 Université Paris Nanterre Niclas Berggren [email protected] B2 Research Institute of Industrial Economics Luca Bettarelli [email protected] F6 College of Europe Martina Bihn [email protected] Springer Science+Business Media Helene Binder [email protected] I3 Helmut Schmidt University Ivo Bischoff [email protected] University of Kassel Christian Bjornskov [email protected] B4 Aarhus University Charles Blankart [email protected] A4 Humboldt University Berlin, University of Lucerne Sebastian Blesse [email protected] C6 ZEW Mannheim Richard Bluhm [email protected] C2 Leibniz University Hannover Frank Bohn [email protected] A7 Radboud University Marco Bonomo [email protected] A1 Insper Ekaterina Borisova [email protected] E1 National Research University, Higher School of Economics Miguel Borrella-Mas [email protected] E5 University of Navarra Mamadou Boukari [email protected] D2 University of Lille Urs Steiner Brandt [email protected] University of Southern Denmark

48 CONFERENCE PARTICIPANTS

Participant Email Panel Ricardo Brito [email protected] B3 Insper Noah Buckley [email protected] H2 Columbia University, Higher School of Economics, Moscow, Russia Grazyna Burkowska [email protected] University of Warsaw Erik Canton [email protected] D8 Vitor Castro [email protected] I4 University of Coimbra & NIPE Michela Cella [email protected] F6 University of Milan Bicocca Jean-Bernard Chatelain [email protected] E3 Université Paris 1 Pantheon Sorbonne Mayuri Chaturvedi [email protected] G7 University of California Irvine Lisa Chauvet [email protected] A3 DIAL, IRD, Université Paris–Dauphine Andea Colombo [email protected] F6 Université Libre de Bruxelles, World Bank Constantin Compaoré [email protected] H4 CERDI/University of Auvergne Roger Congleton [email protected] A2, D1 University of West Virginia Cristina Corduneanu-Huci [email protected] Central European University Chiara Dalle Nogare [email protected] C7 University of Brescia Jakob de Haan [email protected] D1 University of Groningen Eelke de Jong [email protected] G3 Radboud University Angela De Martiis [email protected] B1 Zeppelin University

49 CONFERENCE PARTICIPANTS

Participant Email Panel Catherine E. De Vries [email protected] University of Essex Debora Di Gioacchino [email protected] H1 Sapienza University of Rome Matthias Diermeier [email protected] H1 Cologne Institute for Economic Research (IW Köln) Marina Dodlova [email protected] F5 University of Passau Julian Donaubauer [email protected] B6 Helmut Schmidt University Florian Dorn [email protected] H1 Ifo Institute for Economic Research Michael Dorsch [email protected] Central European University Kristýna Dostálová [email protected] D8 University of Rennes 1, CREM-CNRS Hristos Doucouliagos [email protected] G3 Deakin University Axel Dreher [email protected] Ruprecht-Karls-University Heidelberg Marcus Drometer [email protected] H5 Ifo Institute for Economic Research Vera Eichenauer [email protected] E8 ETH Zurich Reiner Eichenberger [email protected] University of Fribourg Giuseppe Eusepi [email protected] D3 Sapienza University of Rome Francois Facchini [email protected] G5 University of Paris 1, Centre d’Economie de la Sorbonne Stefano Falcone [email protected] A5 University of Siena Alfa Farah [email protected] G8 University of Münster

50 CONFERENCE PARTICIPANTS

Participant Email Panel Etienne Farvaque [email protected] D2 Universite de Lille Mohammad Reza Farzanegan [email protected] E6 Philipps-Universität Marburg, CNMS Horst Feldmann [email protected] G6 University of Bath Mario Ferrero [email protected] G6 University of Eastern Piedmont Jan Fidrmuc [email protected] D6 Brunel University Jarko Fidrmuc [email protected] C1 Zeppelin University Nadia Fiorino [email protected] University of L’Aquila Raphael Franck [email protected] E4 Hebrew University of Jerusalem Bruno Frey [email protected] G2 University of Basel & CREMA Andreas Freytag [email protected] B4 Friedrich-Schiller-University Jena Jonas Friedrich [email protected] University of Basel Andreas Fuchs [email protected] E2 Alfred-Weber-Institute for Economics, Heidelberg University Stefanie Gäbler [email protected] C5 Ifo Institute for Economic Research Andrea Gallice [email protected] E1 University of Torino & Collegio Carlo Alberto Nicolas Gavoille [email protected] C7 Stockholm School of Economics in Riga Kai Gehring [email protected] H3 University of Zurich Lena Gerling [email protected] F2 University of Münster

51 CONFERENCE PARTICIPANTS

Participant Email Panel Federico Martin Giesenow [email protected] University of Groningen Victoire Girard [email protected] A3 LEO, Univ. Orléans & CES, Univ. Paris 1 Johannes Glaeser [email protected] Springer Science+Business Media Arevik Gnutzmann-Mkrtchyan [email protected] H5 Leibniz University Hannover Rajeev Goel [email protected] A8 Illinois State University Andras Gregor [email protected] D7 University College London–CORE Martin Grossmann [email protected] F8 University of Zurich Erich Gundlach [email protected] G3 University of Hamburg Jerg Gutmann [email protected] G2, I5 Institute of Law & Economics, University of Hamburg Christa Hainz [email protected] A1 Ifo Institute for Economic Research Julia Hauschildt [email protected] F7 University of Kassel kassel.de Bernd Hayo [email protected] E3 University of Marburg Friedrich Heinemann [email protected] H3 ZEW Mannheim Zohal Hessami [email protected] C4, E7 University of Konstanz Katharina Hofer [email protected] C3 University of St.Gallen Manfred Holler [email protected] University of Hamburg Julius Horvath [email protected] Central European University

52 CONFERENCE PARTICIPANTS

Participant Email Panel Roman Horvath [email protected] A1 Charles University Martin Hulenyi [email protected] I4 Institute for Strategy & Analysis (ISA) Toshihiro Ihori [email protected] G3 National Graduate Institute for Policy Studies (GRIPS) Louis Jaeck [email protected] A5 United Arab Emirates University João Jalles [email protected] G1 International Monetary Fund Artyom Jelnov [email protected] D4 Ariel University Pavel Jelnov [email protected] I5 Leibniz University Hannover Colin Jennings [email protected] B2, D1 King’s College London Richard Jong-A-Pin [email protected] G5 University of Groningen Judit Kalman [email protected] B7 Hungarian Academy of Sciences, Centre for Economic & Regional Studies Aaron Kamm [email protected] C5, F8 New York University Abu Dhabi Judit Kapas [email protected] University of Debrecen Leyla Karakas [email protected] G7 Syracuse University Bjorn Kauder [email protected] A7 University of Munich/Ifo Institute Ilpo Kauppinen [email protected] I1 VATT Institute for Economic Research Anna Kerkhof [email protected] I2 University of Cologne Sebastian Kessing [email protected] G8 University of Siegen

53 CONFERENCE PARTICIPANTS

Participant Email Panel Krisztina Kis-Katos krisztina.kis-katos@uni-goettingen. University of Göttingen de Jan Klingelhöfer [email protected] G7 RWTH Aachen University Valentin Klotzbuecher valentin.klotzbuecher@phd. G4 Bocconi University unibocconi.it Margaryta Klymak [email protected] H7 Trinity College Dublin Caleb Koch [email protected] E2 Eidgenössische Technische Hochschule (ETH Zürich) Christian Koch [email protected] D5 New York University Abu Dhabi Anna Kochanova [email protected] D5, E8 Max Planck Institute for Research on Collective Goods Anna Maria Koukal [email protected] F4, G2 University of Fribourg Antonios Koumpias [email protected] D5 Georgia State University Manuela Krause [email protected] E2 Ifo Institute for Economic Research Christian Krekel [email protected] I7 London School of Economics & Political Science Tommy Krieger [email protected] H4 University of Konstanz Colin Kuehnhanss [email protected] G4, I3 Vrije Universiteit Brussel Shigeki Kunieda [email protected] Hitotsubashi University Jean Lacroix [email protected] C6, F2 Université Libre de Bruxelles Tom Lahner [email protected] D2 Leibniz University Hannover Rahul Lahoti [email protected] F7 University of Göttingen

54 CONFERENCE PARTICIPANTS

Participant Email Panel Maite Laméris [email protected] I1 University of Groningen Valentin Lang [email protected] C1 Heidelberg University Sarah Langlotz [email protected] C2 Heidelberg University Marco Le Moglie [email protected] I2 Bocconi University Gregory Levieuge [email protected] E3 University of Orleans, Laboratory of Orleans Jo Thori Lind [email protected] A6 University of Oslo Qijun Liu [email protected] F5 Huazhong University of Science & Technology Mariana Lopes da Fonseca mariana.lopes-da-fonseca@tax. D7 mpg.de Max Planck Institute for Tax Law & Public Finance Weijie Luo [email protected] F1 University of York Paul Maarek [email protected] E4 Université de Cergy-Pontoise Franck Adonis Malan [email protected] D7 University of Le Havre Elena Manzoni [email protected] D6 University of Milan Bicocca Silvia Marchesi [email protected] H6 University of Milan Bicocca Tania Masi [email protected] A3 University of Milan Bicocca Karsten Mause [email protected] D6 University of Münster Christos Mavridis [email protected] E7 Lancaster University Gilbert Mbara [email protected] F1 University of Warsaw

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Participant Email Panel Mariapia Mendola [email protected] H7 University of Milan Bicocca Maxime Menuet [email protected] D4 Laboratoire d’Economie d’Orléans (LEO) Pierre-Guillaume Meon [email protected] H2 Université Libre de Bruxelles Jaakko Merilainen [email protected] B1 IIES, Stockholm University Stephan Michel [email protected] A2 University of Hamburg Karoly Mike [email protected] A4 Corvinus University of Budapest & HETFA Research Institute Irina Mirkina [email protected] C6 Lund University Carlos Mulas-Granados [email protected] D3, G1 International Monetary Fund Angelika Muller [email protected] H6 Heidelberg University heidelberg.de Anand Murugesan [email protected] Central European University Florian Neumeier [email protected] G5 Ifo Institute for Economic Research Till Nikolka [email protected] I7 Ifo Institute for Economic Research Bjorn Nilsson [email protected] H7 Université Paris-Dauphine Benjamin Ogden [email protected] B5 Université Libre de Bruxelles & Texas A&M University Margit Osterloh [email protected] Technical University Berlin Fabio Padovano [email protected] I4 Centre Condorcet for Political Economy–University Rennes 1 Martin Paldam [email protected] H4 Aarhus University

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Participant Email Panel Chara Papioti [email protected] F8 Universidad Carlos III de Madrid (UC3M) Santiago Perez Vincent santiago.perezvincent@phd. E7 Università Bocconi unibocconi.it Vanesa Pesque-Cela [email protected] A8 Stockholm School of Economics Katharina Pfaff [email protected] B4 Vienna University of Economics & Business Massimiliano Piacenza [email protected] E5 University of Torino, Dept. ESOMAS Harry Pickard [email protected] I6 University of Sheffield Antoine Pietri [email protected] D4 University Paris 1 Timo Plaga [email protected] H3 Leibniz University Hannover Niklas Potrafke [email protected] A6 University of Munich/Ifo Institute Panu Poutvaara [email protected] E1 University of Munich/Ifo Institute Paola Profeta [email protected] C4 Bocconi University Yaniv Reingewertz [email protected] H5 University of Haifa Wolfgang Reinicke [email protected] Central European University Wolf Heinrich Reuter [email protected] D3 German Council of Economic Experts Paolo Roberti [email protected] E5 University of Bologna Felix Roesel [email protected] A4, D3 Ifo Institute for Economic Research Gérard Roland [email protected] University of California, Berkeley

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Participant Email Panel Stephane Rossignol [email protected] B5 University Paris 8, Vincennes-Saint-Denis Laura Sabani [email protected] C1 University of Florence Christoph Schaltegger [email protected] University of Lucerne Paul Schaudt [email protected] G4 University of Hannover Mark Schelker [email protected] A6 University of St.Gallen Lukas Schmid [email protected] G8 University of Lucerne Friedrich Schneider [email protected] F1 Johannes Kepler University of Linz Günther Schulze [email protected] University of Freiburg Soeren Schwuchow [email protected] G7 Brandenburg University of Technology Elena Seghezza [email protected] F4 University of Genoa Joanna Siwinska-Gorzelak [email protected] G8 Faculty of Economic Sciences, Warsaw University Samuel Skoda [email protected] B2 CERGE-EI Caroline Slegten [email protected] C4 Vrije Universiteit Brussel Klaas Staal [email protected] A5, D6 Karlstad Business School, Karlstad University Joerg Stahl [email protected] F4 Católica Lisbon School of Business & Economics Arne Steinkraus [email protected] I6 Technische Universität Braunschweig Jan-Egbert Sturm [email protected] B1, G1 KOF Swiss Economic Institute, ETH Zurich

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Participant Email Panel Alois Stutzer [email protected] C3 University of Basel Gert Tinggaard Svendsen [email protected] D8 Aarhus University David Szakonyi [email protected] F5 George Washington University, Higher School of Economics, Moscow, Russia Jose Tavares [email protected] G1 NOVA School of Business & Economics Anat Tchetchik [email protected] Ben-Gurion University of the Negev Adam Telek [email protected] B5 University of Alicante Desiree Teobaldelli [email protected] D5 University of Urbino Theis Theisen [email protected] B3 University of Agder Tobias Thomas [email protected] I2 EcoAustria – Institute for Economic Research Davide Ticchi [email protected] E4 Marche Polytechnic University Jean-Pierre Tranchant [email protected] I6 Institute of Development Studies George Tridimas [email protected] E8, G2 University of Ulster Federico Trombetta [email protected] C3 University of Warwick Cigdem Borke Tunali [email protected] G6 Istanbul University Gilberto Turati [email protected] Catholic University Monika Turyna monika.koeppl-turyna@agenda- F6 Agenda austria.at Jean-Robert Tyran [email protected] University of Vienna

59 CONFERENCE PARTICIPANTS

Participant Email Panel Christian Ulbrich [email protected] University of Zurich Mehmet Ulubasoglu [email protected] E6 Deakin University Kerstin Unfried [email protected] C2 University of Göttingen Heinrich Ursprung [email protected] University of Konstanz Francisco Veiga [email protected] C5 University of Minho Linda Veiga [email protected] A7 University of Minho Marcela Veselkova [email protected] B7 Institute for Strategy & Analysis (ISA) Patrick Villieu [email protected] University of Orleans Stefan Voigt [email protected] A2 University of Hamburg Dmitriy Vorobyev [email protected] F3 Ural Federal University Rasmus Wiese [email protected] I3 University of Groningen Stan Winer [email protected] Carleton University Hernan Winkler [email protected] G5 The World Bank Ronald Wintrobe [email protected] B4 University of Western Ontario Stephan Wolf [email protected] F3 University of Freiburg Eva Wolfschuetz [email protected] C7 University of Kassel Timothy Yu-Cheong Yeung [email protected] G6 Université Paris-Dauphine, PSL Research University Nikita Zakharov [email protected] H2 University of Freiburg

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Participant Email Panel Adam Zawadowski [email protected] Central European University Ekkart Zimmermann [email protected] Dresden University of Technology Peter Zweifel [email protected] I1 University of Zurich

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