Discussion papers (SAM): Nye registreringer
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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 ... -
Hospital mergers with regulated prices
(Discussion paper;21/2014, Working paper, 2014-05)We study the effects of a hospital merger using a spatial competition framework with semialtruistic hospitals that invest in quality and expend cost-containment effort facing regulated prices. We find that the merging ... -
Energy storage and renewable energy
(Discussion paper;18/2014, Working paper, 2014-05)I consider an economy with fossil fuel and renewable energy and energy storage, and search for the conditions that lead to welfare improvements when energy is stored. I then solve for the optimal decision rule and analyze ... -
How do political and economic institutions affect each other?
(Discussion paper;19/2014, Working paper, 2014-05)This paper provides evidence for the mutually reinforcing relation of political and economic institutions. To overcome problems of endogeneity I utilize lag instruments within a GMM framework for dynamic panel data. ... -
Globalisation and maritime labour in Norway after World War II
(Discussion paper;17/2014, Working paper, 2014-05)This paper looks at how "Globalisation" – narrowly defined as the causes and effects of increased international economic integration – has influenced the demand for and supply of maritime products and services, with a ... -
Inter-firm price coordination in a two-sided market
(Discussion paper;16/2014, Working paper, 2014-05)In many two-sided markets we observe that there is a common distributor on one side of the market. One example is the TV industry, where TV channels choose advertising prices to maximize own profit and typically ... -
Growth in public finances as tool for control : Norwegian development 1850-1950
(Discussion paper;15/2014, Working paper, 2014-05)By drawing on information from public accounts from the nineteenth and twentieth century the present paper aims at mapping the development of key financial indicators for the Norwegian central government sector. It ... -
Port pricing : principles, structure and models
(Discussion paper;14/2014, Working paper, 2014-04)Price level and price transparency are input to shippers’ choice of supply chain and transport mode. In this paper, we analyse current port pricing structures in the light of the pricing literature and consider opportunities ... -
Are all of the good men fathers? The effect of having children on earnings
(Discussion paper;11/2014, Working paper, 2014-04)This study reconsiders the empirical question of whether men’s earnings increase because of children. Large Norwegian register data are used for brother and twin pairs who are followed over their life cycle from their ... -
The early history of environmental economics
(Discussion paper;10/2014, Working paper, 2014-04)This paper considers economists’ treatment of problems related to the environment prior to the establishment of environmental economics as a separate field in the 1960s. In discussing the literature from the late 18th ... -
The market in economics : behavioural assumptions and value judgments
(Discussion paper;12/2014, Working paper, 2014-04)This paper tries to convey the essence of the economic theory of behaviour of individuals and firms to an audience of non-economists. The hypotheses of utility and profit maximization and their use as building blocks in ... -
Adam Smith and modern economics
(Discussion paper;13/2014, Working paper, 2014-04)In his Wealth of Nations (1776) Adam Smith created an agenda for the study of the economy that is reflected in the structure of modern economics. This paper describes Smith’s contributions to four central areas of economic ... -
Is there a development gap in rationality?
(Discussion paper;8/2014, Working paper, 2014-03)We report an experimental test of the four touchstones of rationality in choice under risk – utility maximization, stochastic dominance, expected-utility maximization and small-stakes risk neutrality – with students from ... -
Fairness is intuitive
(Discussion paper;9/2014, Working paper, 2014-04)In this paper we provide new evidence showing that fair behavior is intuitive to most people. We find a strong association between a short response time and fair behavior in the dictator game. This association is robust ... -
Enforcement vs deterrence in merger control : can remedies lead to lower welfare?
(Discussion paper;7/2014, Working paper, 2014-03)This paper deals with the enforcement of merger policy, and aims to study how merger remedies affect the deterrence accomplished by controlling mergers. We determine the optimal frequency of investigations launched by ... -
Luck, choice and responsibility
(Discussion paper;6/2014, Working paper, 2014-03)We conduct a laboratory experiment where third-party spectators can redistribute resources between two agents, thereby offsetting the consequences of controllable and uncontrollable luck. Some spectators go to the limits ... -
Challenges for the construction of historical price indices : the case of Norway, 1777-1920
(Discussion papers;5/2014, Working paper, 2014-03)This paper reviews some methodological and practical problems encountered in the construction of historical price indices. The underlying data sets in such studies are often characterized by heterogenous and incomplete ... -
Horizontal mergers and product quality
(Discussion paper;4/2014, Working paper, 2014-02)Using a spatial competition framework with three ex ante identical firms, we study the effects of a horizontal merger on quality, price and welfare. The merging firms always reduce quality. They also increase prices if ... -
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 ... -
The principal problem in political economy : income distribution in the history of economic thought
(Discussion Papers;15/2013, Working paper, 2013-09)The paper considers the history of theories of income distribution, from the time of Adam Smith until the 1970s. It is divided into two main parts. Part I considers the positive theory of income distribution, beginning ...