Working Papers

DERA Working Papers are part of the Division of Economic and Risk Analysis Working Paper Series. They are the work of the authors and not the work of the Division or the Commission. The inclusion of a paper in the Working Paper Series does not indicate a Division or Commission determination to take any particular action or position. Working papers do not necessarily reflect the views of the Commission, the Commissioners, or other members of the staff. The Commission disclaims responsibility for any private publication or statement of any Commission employee or Commissioner. DERA Working Papers express the author's views and do not necessarily reflect those of the Commission, the Commissioners, or other members of the staff. DERA working papers accepted for academic publication are also listed in our Academic Publications webpage.