• Optimal risk sharing with translation invariant recursive utility in continuous time 

  Aase, Knut K. (Discussion paper;16/25, Working paper, 2025-01-12)

  We consider optimal risk sharing where agents have preferences represented by translation invariant recursive utility. The dynamics in continuous time is driven by diffusion processes. The model has some appealing features ...

• The economics of risk sharing in discrete time with translation invariant recursive utility 

  Aase, Knut K. (Discussion paper;15/25, Working paper, 2025-01-09)

  We consider optimal risk sharing in a dynamic setting, where agents have preferences represented by translation invariant recursive utility. This model has some appealing features, both compared to the scale invariant one ...

• Investment universe-level returns to scale and active fund management 

  Ørpetveit, Andreas (Discussion paper;14/25, Working paper, 2025-01-08)

  Research shows that competition negatively impacts fund alpha. I derive that fund managers can counteract this impact by adjusting the level of active management. In an international sample, I find that the impact of ...

• Competition and incentives in the mutual fund industry: Evidence from product development strategies 

  Ørpetveit, Andreas (Discussion paper;13/25, Working paper, 2025-05-07)

  Despite extensive evidence of how competition in the mutual fund industry affects fees and performance outcomes, less is known about its effect on the incentives of market participants. This paper examines how competition ...

• Parental Leave from the Firm’s Perspective 

  Corekcioglu, Gozde; Francesconi, Marco; Kunze, Astrid (DP SAM;11/2025, Working paper, 2025-05-05)

  This study investigates the firm’s response to parental leave induced worker absence. Combining a 20-week maternal leave expansion in Norway and detailed matched employer-employee data between 1983 and 2013, we identify ...

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