First Author:   Frank Stähler University of Tübingen, University of Adelaide, CESifo frank.staehler@uni-tuebingen.de   School of Business and Economics Tübingen, 72074, Germany       https://sites.google.com/site/fstaehler/ Second Author: Ngo Van Long McGill University ngo.long@mcgill.ca   Department of Economics Montreal, H3A 2T7, Canada