• Lost in Information: National Implementation of Global Tax Agreements 

  Alstadsæter, Annette; Casi, Elisa; Miethe, Jakob; Stage, Barbara M. B. (Discussion paper;22/23, Working paper, 2023-11-13)

  This paper studies how national implementation shapes individual responses to global agreements by looking at the introduction of the multilateral standard for automatic information exchange on financial assets, i.e., the ...

• Home bias in shareholder voting 

  Li, Xuan (Discussion paper;21/23, Working paper, 2023-11-10)

  Institutional investors’ proxy voting decisions are influenced by their geographic proximity to portfolio firms. Using a sample of over 50 million votes cast by U.S. and non-U.S. investors globally, I find that investors ...

• Unraveling Coordination Problems 

  Heijmans, Roweno J.R.K. (Discussion paper;20/23, Working paper, 2023-11-09)

  The interplay between strategic beliefs and policy complicates policy design in coordination games. To untangle this relationship, we study policy design in the context of equilibrium selection. We characterize the unique ...

• Evaluating Norway’s electric vehicle incentives 

  Cincotta, Costanza; Thomassen, Øyvind (Discussion paper;19/23, Working paper, 2023-11-08)

  We use product-level data from 2000 to 2021 to evaluate Norway’s incentives for consumers to choose electric vehicles. These include taxes on fossil fuels, EV exemption from car purchase taxes, and other incentives, like ...

• Time and frequency dynamics of connectedness between green bonds, clean energy markets and carbon prices 

  Ringstad, Ingrid Emilie Flessum; Tselika, Kyriaki (Discussion paper;18/23, Working paper, 2023-11-07)

  In this paper, we investigate the time and frequency dynamics of connectedness among green assets such as green bonds, clean energy markets, and carbon prices. Using daily price data, we explore return spillovers across ...

• Hidden semi-Markov models for rainfall-related insurance claims 

  Shi, Yue; Punzo, Antonio; Otneim, Håkon; Maruotti, Antonello (Discussion paper;17/23, Working paper, 2023-11-06)

  We analyze the temporal structure of a novel insurance dataset about home insurance claims related to rainfall-induced damage in Norway, and employ a hidden semi-Markov model to capture the non-Gaussian nature and temporal ...

• Optimization-based Evacuation on Cruise Vessels Using Two-way Communication 

  Velez, Andres; Wallace, Stein W. (Discussion paper;16/23, Working paper, 2023-10-31)

  We study the evacuation of large cruise vessels under hazardous conditions. Based on a new sensor mesh technology, allowing wire-less two-way communication also when electricity is lost, we propose an optimization-based ...

• Intuitive probability of non-intuitive events 

  Aase, Knut K. (Discussion paper;15/23, Working paper, 2023-09-29)

  Quantitative probability in the subjective theory is assumed to be finitely additive and defined on all the subsets of an underlying state space. Functions from this space into an Euclidian n-space create a new probability ...

• Committee preferences and information acquisition 

  Arve, Malin; Desrieux, Claudine (Discussion paper;14/23, Working paper, 2023-09-28)

  We study committees whose task is to make a binary decision where the correct decision depends on the state of the world that is imperfectly known. Committee members can exert effort to learn about the true state of the ...

• Multi-Periodic Distributional-Robust Stackelberg Game with Price-History-Dependent Demand and Environmental Corrective Actions 

  Fakhrabadi, Mahnaz; Sandal, Leif K. (Discussion paper;13/23, Working paper, 2023-09-22)

  The paper investigates a multi-period supply channel facing uncertain and price-history dependent demands and environmental regulations. The knowledge about the demands is limited to its mean and standard deviation in each ...

• Citizenship/Residence by Investment and Digital Nomad Visas: The Golden Era of Individual Tax Evasion and Avoidance? 

  Casi, Elisa; Mardan, Mohammed; Stage, Barbara M. B. (Discussion paper;12/23, Working paper, 2023-08-31)

  In recent decades, increased mobility of capital and labor improved individuals’ opportunities to avoid or evade tax. This chapter explores two programs commonly provided by tax havens that facilitate individuals in dodging ...

• Probabilistic forecasting of electricity prices using an augmented LMARX-model 

  Andersson, Jonas; Sheybanivaziri, Samaneh (Discussion paper;11/23, Working paper, 2023-07-11)

  In this paper, we study the performance of prediction intervals in situations applicable to electricity markets. In order to do so we first introduce an extension of the logistic mixture autoregressive with exogenous ...

• Relational incentive contracts for teams of multitasking agents 

  Kvaløy, Ola; Olsen, Trond E. (Discussion paper;10/23, Working paper, 2023-06-30)

  We analyze optimal relational contracts for a group (team) of multitasking agents with hidden actions. Contracts are based on noisy signals that may be correlated across agents and between tasks. The optimal contract defines ...

• Dynamic Causal Forests, with an Application to Payroll Tax Incidence in Norway 

  Gavrilova, Evelina; Langørgen, Audun; Zoutman, Floris T. (Discussion paper;9/23, Working paper, 2023-06-29)

  This paper develops a machine-learning method that allows researchers to estimate heterogeneous treatment effects with panel data in a setting with many covariates. Our method, which we name the dynamic causal forest (DCF) ...

• Comparative Investment Analysis of Wind and Nuclear Energy: Assessing the Impact of Changes in the Electricity Mix and Required Government Support for Investment Parity 

  Qu, Chunzi; Bang, Rasmus Noss (Discussion paper;8/23, Working paper, 2023-06-28)

  Nuclear energy is once again in the spotlight in Europe, due to recent technological advancements and geopolitical challenges. Our study presents an investment analysis framework that compares the prospects of onshore and ...

• Essays on the Effects of Introducing Thresholds for Mandatory Audits in a Fully Regulated Audit Market for Private Limited Liability Firms 

  Aase, Øivind André Strand (Doctoral thesis, 2023-06)

• Optimal spending of a wealth fund in the discrete time life cycle model 

  Aase, Knut K. (Discussion paper;7/23, Working paper, 2023-06-09)

  The paper analyses optimal spending of an endowment fund. We use the life cycle model for both expected utility and recursive utility in discrete time. First we find the optimal consumption and investment policies for both ...

• MMP-Elections: Equal Influence and Controlled Assembly Size 

  Stensholt, Eivind (Discussion paper;6/23, Working paper, 2023-05-31)

  In an MMP election (Mixed Member Proportional) of a legislature, a QP-ballot supports party Q in a single-seat constituency and a list of candidates from P. With ꙍ(j) constituency seats won and list support in z(Pj) ballots, ...

• Crash risk in the Nordic Stock Market - a cross-sectional analysis 

  Fjærvik, Thomas (Discussion paper;5/23, Working paper, 2023-04-28)

  This paper takes the viewpoint of an investor that can invest in the Nordic countries Norway, Sweden, Denmark and Finland. The four markets are treated as one integrated market. In the analysis we investigate whether there ...

• A Subgame Perfect Approach to a Multi-Period Stackelberg Game with Dynamic, Price-Dependent, Distributional-Robust Demand 

  Fakhrabadi, Mahnaz; Sandal, Leif K. (Discussion paper;4/23, Working paper, 2023-03-22)

  This paper investigates a multi-periodic channel optimization facing uncertain, price dependent, and dynamic demand. The picture of the market uncertainty is incomplete, and only the price and time-dependent mean and ...

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