Blar i Department of Business and Management Science på tittel
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Pricing wind: A revenue adequate, cost recovering uniform price for electricity markets with intermittent generation
(Discussion paper;15/16, Working paper, 2016-09-06)With greater penetration of renewable generation, the uncertainty faced in electricity markets has increased substantially. Conventionally, generators are assigned a pre-dispatch quantity in advance of real time, based on ... -
Privatpersoner i delingsøkonomien og etterlevelse av skatteplikt: En risikoevaluering av privatpersoners etterlevelse
(Master thesis, 2016)En av utfordringene knyttet til den digitale delingsøkonomien er privatpersoners etterlevelse av skatteplikt. Denne utfordringen fremstilles i media som et stort problem for Skatteetaten. I vår utredning utforsker vi om ... -
Probabilistic cost efficiency and bounded rationality in the newsvendor model
(Doctoral dissertation;41/14, Working paper, 2014-12)In this paper we establish a link between probabilistic cost efficiency and bounded rationality in the newsvendor model. This establishes a framework where bounded rationality can be examined rigorously by statistical ... -
Probabilistic forecasting of electricity prices using an augmented LMARX-model
(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 ... -
Problem-driven scenario generation: an analytical approach for stochastic programs with tail risk measure
(Journal article; Peer reviewed, 2019)Scenario generation is the construction of a discrete random vector to represent parameters of uncertain values in a stochastic program. Most approaches to scenario generation are distribution-driven, that is, they attempt ... -
Product quality, competition, and multi-purchasing
(Discussion paper;2012:9, Working paper, 2012-08)In a Hotelling duopoly model, we introduce quality that is more appreciated by closer consumers. Then higher common quality raises equilibrium prices, in contrast to the standard neutrality result. Furthermore, we allow ... -
Productivity Development for Norwegian Electricity Distribution Companies 2004-2013
(Discussion paper;27/15, Working paper, 2015-10-07)Norwegian distribution companies have been subjected to an incentive regulation scheme from 1997, and the efficiency incentives were further strengthened with the introduction of yardstick regulation in 2007. We examine ... -
Profit shifting and the effect of stricter transfer pricing regulation on tax revenue
(Discussion paper;11/19, Working paper, 2019-10-03)Using a 20-year-long, population-wide panel with detailed firm and group level data from Norway, we study the profitability change in companies that shift from being domestic to being multinational as well as companies ... -
Profit-shifting in two-sided markets
(Discussion paper, Working paper, 2009-04) -
Profitable Robot Strategies in Pari‐Mutuel Betting
(Discussion paper;6/17, Working paper, 2017-04-07)We have collected odds and results from 7 474 horse races in Norway and Sweden for a period of approximately 1.5 years. Based on the odds from the win game, we construct a profitable betting strategy for the corresponding ... -
The propagation of financial extremes
(Discussion paper, Working paper, 2008-07)What drives extreme economic events? Motivated by recent theory, and events in US subprime markets, we begin to open the black box of extremes. Specifically, we extend standard economic analysis of extreme risk, allowing ... -
The propagation of financial extremes: an application to subprime market spillovers
(Discussion paper, Working paper, 2007-12)What drives extreme and rare economic events? Motivated by recent theory, and events in US subprime markets, we begin to open the black box of extremes. Specifically, we build a taxonomy of extremes, then extend standard ... -
Properties of range-based volatility estimators
(Journal article; Peer reviewed, 2012)Volatility is not directly observable and must be estimated. Estimator based on daily close data is imprecise. Range-based volatility estimators provide significantly more precision, but still remain noisy volatility ... -
Prospect theory and the CAPM : a contradiction or coexistence?
(Discussion paper, Working paper, 2003-10)Under the assumption of normally distributed returns, we analyze whether the Cumulative Prospect Theory of Tversky and Kahneman (1992) is consistent with the Capital Asset Pricing Model. We find that in every financial ... -
Prospect theory and the size and value premium puzzles
(Discussion paper, Working paper, 2005-11)Using canonical data for the US stock and bond markets, we show that the kinked piecewiseexponential value function can rationalize the cross-section of stock returns in addition to the level of the equity premium, while ... -
Prospect theory around the world
(Discussion paper;2011:19, Working paper, 2011-10)We present results from the first large-scale international survey on risk preferences, conducted in 45 countries. We show substantial cross-country differences in risk aversion, loss aversion and probability weighting. ... -
Public information and IPO underpricing
(Discussion paper, Working paper, 2010-08)We analyze the effect of public information on rational investors' incentives to reveal private information during the bookbuilding process and their demand for allocations in the IPO. Our model generates several new ... -
Public Planning of Freight Transport in Logistically Complicated Small Cities
(Doctoral thesis, 2024-08) -
Public Stackelberg leadership in a mixed oligopoly with foreign firms
(Discussion paper, Working paper, 2001)This is the first paper to consider a mixed oligopoly in which a public Stackelberg leader competes with both domestic and foreign private firms. The welfare maximizing leader is shown to always produce less than under ... -
Publication bias in the returns to R&D literature
(Discussion paper;12/13, Working paper, 2013-11)The returns to R&D literature is large and has been surveyed on several occasions. We complement previous surveys by using formal meta analytic techniques to analyse publication bias. We find evidence consistent with a ...