Blar i NHH Brage på tittel
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On the Distributional Assumptions in the StoNED model
(Discussion paper;24/15, Working paper, 2015-09-17)In a recent paper Johnson and Kuosmanen (2011) propose a new, semi-parametric, general cost-frontier model, the stochastic nonparametric envelopment of data (StoNED). The model is semi-parametric in the sense that the ... -
On the Doorstep of Adulthood: Empowering Economic and Fertility Choices of Young Women
(SAM DP;15/2022, Working paper, 2022-10)We report from a large-scale randomized controlled trial of women empowerment in Tanzania investigating how two different empowerment strategies, economic empowerment and reproductive health empowerment, shape the economic ... -
On the dynamics of commercial fishing and parameter identification
(Discussion paper, Working paper, 2000-05)This paper has two main objectives. The first is to develop dynamic models of commercial fisheries different from the existing models. The industry is assumed to have a well defined index of performance based on which it ... -
On the dynamics of commercial fishing and parameter identification
(Working Paper, Working paper; Working paper, 2002-03)This paper has two main objectives. The first is to develop a dynamic model of commercial fisheries different from most existing models that assume optimizing behavior. The industry is assumed to have a well-defined index ... -
On the economic geography of dual distribution - The case of McDonald’s in Germany
(Discussion paper;14/19, Working paper, 2019-10-29)We analyze the allocation of ownership in a franchise system by focusing on location-specific characteristics of the outlets. This study uses a comprehensive data set on McDonald’s restaurants in Germany to investigate the ... -
On the Effect of Parallel Trade on Manufacturers’ and Retailers’ Profits in the Pharmaceutical Sector.
(DP SAM;3/2018, Working paper, 2018-02)Differences in regulated pharmaceutical prices within the European Economic Area create arbitrage opportunities that pharmacy retailers can use through parallel imports. For prescription drugs under patent, such provision ... -
On the efficiency gains of emissions trading when climate deals are non-cooperative
(Working paper, Working paper, 2011-07)This paper studies, in a numerical environment, climate treaties with emissions trading when national quotas result from strategic individual choice. We find that the larger the number of parties to the deal, the smaller ... -
On the estimation of correlations for irregularly spaced time series
(Discussion paper, Working paper, 2007-06)In this paper, the problem of calculating covariances and correlations between time series which are observed irregularly and at different points in time, is treated. The problem of dependence between the time stamp process ... -
On the Evolution of Investment Strategies and the Kelly Rule – A Darwinian Approach
(Discussion paper, Working paper, 2006-12)This paper complements theoretical studies on the Kelly rule in evolutionary finance by studying a Darwinian model of selection and reproduction in which the diversity of investment strategies is maintained through genetic ... -
On the extent and origins of the Merton model`s credit spread puzzle : a study of the credit risk pricing of Norwegian corporate bonds 2003-2014
(Master thesis, 2016)For decades, financial literature has attempted to understand the pricing of credit risk in corporate bonds, and the Merton (1974) model is one of the classic approaches to determine a theoretic size for this credit risk ... -
On the importance of openness for industrial policy design in developing countries
(Discussion paper, Working paper, 2007-01)How should industrial policy be designed in developing countries? Should industrial policy be targeted to a few sectors or be more broad based and therefore more neutral? Our theoretical analysis demonstrates that access ... -
On the importance of sequencing decisions in production planning and scheduling
(Discussion paper, Working paper, 1999-06)We discuss the traditional hierarchical approach to production planning and scheduling, emphasizing the fact that scheduling constraints are often either ignored or considered in a very crude way. In particular, we point ... -
On the location of economic and academic activity
(Doctoral thesis, 1995) -
On the micro-foundations of money : the Capitol Hill baby-sitting co-op
(Discussion paper, Working paper, 2003-10)This paper contributes to the micro-foundation of money in centralized markets with idiosyncratic uncertainty. It shows existence of stationary monetary equilibria and ensures that there is an optimum quantity of money. ... -
On the modelling of the public sector in a Walrasian general equilibrium
(Doctoral thesis, 1990) -
On the nature and sources of normativity: Normativity as grounded in affective human nature
(Doctoral thesis, 2015-06)The overall aim of this project is to explore the foundations of human morality, or what is often referred to more formally as “ethics”. Consistent with widely accepted terminology in philosophy, I deploy the notion of ... -
On the perils of stabilizing prices when agents are learning
(Discussion paper;01/15, Working paper, 2015-01)We show that price level stabilization is not optimal in an economy where agents have incomplete knowledge about the policy implemented and try to learn it. A systematically more accommodative policy than what agents expect ... -
On the perils of stabilizing prices when agents are learning
(DP SAM;22/2018, Working paper, 2018)The main advantage of price level stabilization compared with in ation stabilization rests on the central bank's ability to shape expectations. We show that stabilizing prices is no longer optimal when the central bank ... -
On the political economy of resource rents in polarized societies
(Discussion paper, Working paper, 2007-01)The present paper analyses how resource rents may affect political outcomes in a polarized society, where groups hold conflicting views on economic policy. A politically dominant group decides whether or not to include ... -
On the possibility of Paretian egalitarianism
(Discussion paper, Working paper, 2004-07)Paretian egalitarianism holds that equality should be promoted, but only when this does not conflict with certain (Pareto) efficiency considerations. Like leximin, it has the attractive feature of never favoring leveling ...