Now showing items 1-10 of 1862
Climate variability and international migration : an empirical analysis
(Discussion paper;31/14, Working paper, 2014-10)
Is international migration an adaptation strategy to sudden or gradual climatic shocks? In this paper we investigate the direct and the indirect role of climatic shocks in developing countries as a determinant of ...
Modeling an integrated market for sawlogs, pulpwood and forest bioenergy
(Discussion paper;2011:11, Working paper, 2011-06)
Traditionally, most applications in the initial stage of forest supply chain deal with sawlogs to sawmills, pulpwood to pulp or paper mills and forest residues to heating plants. However, in the past decades, soaring ...
Recursive utility and jump-diffusions
(Discussion paper;06/15, Working paper, 2015-01-30)
We derive the equilibrium interest rate and risk premiums using recursive utility for jump-diffusions. Compared to to the continuous version, including jumps allows for a separate risk aversion related to jump size risk ...
Merger simulations with observed diversion ratios
(Discussion paper2010:27, Working paper, 2010-10)
A common approach to merger simulations used in antitrust cases is to calibrate demand from market shares and a few additional parameters. When the products involved in the merger case are differentiated along several ...
Best estimate reporting with asymmetric loss
(Discussion paper;07/15, Working paper, 2015-01-30)
This paper considers the problem of point prediction based on a predictive distribution, representing the uncertainty about the outcome. The issue explored is the reporting of a single characteristic, typically the mean, ...
Advertising and Newspaper Differentiation: On the Role of Readers’ Advertising Taste
(Discussion paper2007:4, Working paper, 2007-01)
Newspapers have an incentive to moderate their profile in order to gain a larger readership and thus higher advertising revenue. We show that this incentive is weakened both if readers are ad-haters and if they are ad-lovers.
Seasoned public offerings: Resolution of the "new issues puzzle"
(Discussion paper;09/98, Working paper, 1998)
The `new issues puzzle' is that stocks of common stock issuers subsequently underperform non- issuers matched on size and book-to-market ratio. With 7,000+ seasoned equity and debt issues, we document that issuer ...
Oil Price Shocks and Stock Return Predictability
(Discussion paper;13/09, Working paper, 2009-11)
Recent research has documented that oil price changes lead the aggregate market in most industrialized countries, and has argued that it represents an anomaly - an underreaction to information that investors can profit ...
Inventory management of spare parts in an energy company
(Discussion paper;06/12, Working paper, 2012-06)
We address a problem of inventory management of spare parts in the context of a large energy company, producer of oil and gas. Spare parts are critical for assuring operational conditions in offshore platforms. About ...
Conditions for effective risk sharing against marine pollution: the case of the Ría de Vigo
(Discussion paper;1/17, Working paper, 2017-01-31)
The question of how effective protection against environmental impairment can be provided has spawned much literature. One instrument that is often invoked to provide compensation for environmental damage is insurance. ...