Browsing Discussion papers (SAM) by Title
Now showing items 621-640 of 663
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Upstream merger in a successive oligopoly : who pays the price?
(Discussion Papers;17/2013, Working paper, 2013-12)This study develops and uses a successive oligopoly model, with an unobservable non-linear tariff between upstream and downstream firms, to analyze the possible anti-competitive effects of an upstream merger. We find ... -
Using survey data of inflation expectations in the estimation of learning and rational expectations models
(Discussion paper;20/2014, Working paper, 2014-05)Does survey data contain useful information for estimating macroeconomic models? We address this question by using survey data of inflation expectations to estimate the New Keynesian model by Smets and Wouters (2007) and ... -
Using the Helmert-transformation to reduce dimensionality in a mixed model: Application to a wage equation with worker and firm heterogeneity
(Discussion Papers;11/2011, Working paper, 2011-07) -
Utility analysis, luxuries and risk : a critical comment
(Discussion paper, Working paper, 2006-10)This note questions the analysis of Diacon (2006) in the June issue of Economics Letters. It points at a misinterpretation and claims that the conclusion—that the presence of luxuries may make people love income gambles ... -
The value of equality
(Discussion paper, Working paper, 2001-09)Over the years, egalitarian philosophers have made some challenging claims about the nature of egalitarianism. They have argued that the Rawlsian leximin principle is not an egalitarian idea; that egalitarian reasoning ... -
Vaporware
(Discussion paper, Working paper, 2005-09)It is a widely adopted practice for firms to announce new products well in advance of actual market availability, especially in the computer industry. This practice of preannouncement often has been derisively referred to ... -
Variations in the price and quality of English grain, 1750-1914: quantitative evidence and empirical implications.
(Discussion paper;06/15, Working paper, 2015-03)Interpretation of historic grain price data may be hazardous owing to systematic grain quality variation – both cross sectionally and over varying time horizons (intra-year, inter-year, long run). We use the English wheat ... -
Viscosity and dispersion in an evolutionary model of learning
(Discussion paper, Working paper, 2002-03)A two-population evolutionary model of learning is proposed where there is a conflict of interests between populations, and where interaction ranges from complete viscosity to complete dispersion. The long run stochastically ... -
Vocational training and gender : wages and occupational mobility among young workers
(Discussion paper, Working paper, 2005-08)This paper investigates the relationship between the gender wage gap, the choice of training occupation, and occupational mobility. We use longitudinal data for young workers with apprenticeship training in West Germany. ... -
Wage dips and drops around first birth
(Discussion paper, Working paper, 2004-01)We use a rich longitudinal data set for West Germany to disentangle the wage effects for female workers around first birth. Data on daily real wages reveal a dip in women’s real wages shortly before giving birth and a ... -
War of attrition with affiliated values.
(DP SAM;16/2017, Working paper, 2017)We study the war of attrition between two players when the players’ signals are binary and affiliated. Our model covers both the case of common values and affiliated private values. We characterize the unique symmetric ... -
Water with power : market power and supply shortage in dry years
(Discussion paper, Working paper, 2003-12)The purpose of this paper is to analyse how market power may affect the allocation of production between seasons (summer and winter) in a hydro power system with reservoirs and where inflow in winter is uncertain. We find ... -
The Wealth of a Nation: Norways Road to Prosperity
(DP SAM;17/2020, Working paper, 2020-09)The present paper discusses Norway’s way to prosperity during the two last centuries. The main reason for its wealth seems to have been the ability to meet international demand by utilizing its rich natural resources, ... -
Weather shocks and English wheat yields, 1690-1871
(Discussion paper;02/15, Working paper, 2015-03)We estimate a time series model of weather shocks on English wheat yields for the early nineteenth century and use it to predict weather effects on yield levels from 1697 to 1871. This reveals that yields in the 1690s were ... -
Weber revisited: A literature review on the possible Link between Protestantism, Entrepreneurship and Economic Growth
(DP SAM;08/2020, Working paper, 2020-06)The present paper looks at the Weber-Tawney thesis on the positive link between Protestant ethic and economic growth. Both scholars observed that Protestant areas in the Western world seemed to gain faster and more wealth ... -
The welfare economics of global public goods
(Discussion paper, Working paper, 2007-11)This paper studies the conditions for a welfare-maximizing allocation of resources to the production of global public goods, such as biodiversity, the global climate, the cultural heritage, knowledge, and world peace. A ... -
What constitutes a convention? : implications for the coexistence of conventions
(Discussion paper, Working paper, 2002-03)A model of repeated play of a coordination game, where stage games have a location in social space, and players receive noisy signals of the true location of their games, is reviewed. Sugden (1995) suggests that in such ... -
What determines banks’ market power? : Akerlof versus Herfindahl
(Discussion paper, Working paper, 2005-09)We introduce a model analyzing how asymmetric information problems in a bank-loan market may evolve over the age of a borrowing firm. The model predicts a life-cycle pattern for banks’ interest rate markup. Young firms ... -
What determines the economic geography of Europe?
(Discussion paper, Working paper, 1998-10)This paper focuses on what the driving forces behind industry localisation in Europe are. Based on traditional as well as new trade theory and new economic geography our cross-sectoral empirical analysis seeks to explain ... -
What limits the powerful in imposing the morality of their authority?
(DP SAM;18/2017, Working paper, 2017-10)This paper models a game between an authority, seeking to implement its preferred morality, and a parental generation, seeking to socialize a younger generation into the their own morality. The authority chooses a coercion ...