Browsing Department of Business and Management Science by Title
Now showing items 449-468 of 830
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Name and shame? Evidence from the European Union tax haven blacklist
(Discussion paper;18/18, Working paper, 2018-12-14)I study publication of the European Union (EU) tax haven blacklist on December 5, 2017 to examine whether and how the use of recognized tax havens affects firm value. I find that the tax haven naming and shaming by the EU ... -
The Nash bargaining solution vs. equilibrium in a reinsurance syndicate
(Discussion paper, Working paper, 2008-05)We compare the Nash bargaining solution in a reinsurance syndicate to the competitive equilibrium allocation, focusing on uncertainty and risk aversion. Restricting attention to proportional reinsurance treaties, we find ... -
Negative volatility and the survival of the western financial markets
(Discussion paper, Working paper, 2004-01)The paper discusses situations where certain parameters are given values that are outside their natural ranges. One case is obtained when plugging in a negative value for the volatility parameter in the Black and Scholes ... -
A new approach of fitting biomass dynamics models to real data based on a linear total allowable catch (TAC) rule : an optimal control approach
(Discussion paper, Working paper, 2000-05)A non-traditional approach of fitting dynamic resource biomass models to data is developed in this paper. The adjoint technique is an optimal control or a variational method for parameter identification. It provides a novel ... -
New econ for life actuaries
(Discussion paper, Working paper, 2003-03)In an editorial in ASTIN BULLETIN, Hans Bühlmann (2002) suggests it is time to change the teaching of life insurance theory towards the real life challenges of that industry. The following note is a response to this ... -
Newspaper Differentiation and Investments in Journalism: The Role of Tax Policy
(Discussion paper;12/09, Working paper, 2009-11)Newspapers are considered to be important providers of information, culture and language, and are taxed at a reduced VAT rate in most countries. This paper shows that such a policy may a¤ect newspaper differentiation and ... -
Newspapers and Advertising: The Effects of Ad-Valorem Taxation under Duopoly
(Discussion paper, Working paper, 2007-01)Newspapers are two-sided platforms that sell their product both to readers and advertisers. Media firms in general, and newspapers in particular, are considered important providers of information, culture and language in ... -
Nodal pricing in a coupled electricity market
(Arbeidsnotat;27/14, Working paper, 2014-06)This paper investigates a pricing model for an electricity market with a hybrid congestion management method, i.e. part of the system applies a nodal pricing scheme and the rest applies a zonal pricing scheme. The model ... -
Non-linear anonymous pricing in combinatorial auctions
(Discussion paper, Working paper, 2005-08) -
Non-parametric estimation of conditional densities: A new method
(Discussion paper;22/16, Working paper, 2016-12-07)Let X = (X1,...,Xp) be a stochastic vector having joint density function fX(x) with partitions X1 = (X1,...,Xk) and X2 = (Xk+1,...,Xp). A new method for estimating the conditional density function of X1 given X2 is presented. ... -
The nonequivalence of the earnings and dividends approaches to equity valuation
(Discussion paper, Working paper, 2005-09)Accounting theory treats a wide class of equity valuation approaches as equivalent. For example, under clean surplus accounting, the earnings approach is viewed as identical to the discounted dividends approach. Empirical ... -
Norges selskapsbeskatning : globaliseringsutfordringer og EUs forslag om CCCTB
(Master thesis, 2012)I denne oppgaven har jeg sett på trenden i den norske selskapsbeskatningen. Jeg har ikke funnet noen tegn på at andelen norske selskaper med positiv betalbar skatt har en fallende trend, slik som er tilfelle i Danmark. Jeg ... -
Den norske formuesskatten : en analyse av skattens virkninger på små og mellomstore bedrifter
(Master thesis, 2013)Denne masterutredningen tar for seg formuesskattens virkninger på ikke-børsnoterte aksjeselskap hvor personlig eier har en eierandel på minimum 50 %. Ved hjelp av deskriptiv og empirisk analyse undersøker vi om formuesskatten ... -
Norwegian petroleum taxation : estimating the value of allowing companies to pledge tax allowances from investments on the Norwegian continental shelf
(Master thesis, 2017)As the Norwegian continental shelf is maturing, the interest from major international companies is falling. New and smaller players that will have to take over do not have the same credit ratings as the majors, and will ... -
A note on a barrier exchange option : the world’s simplest option formula?
(Discussion paper, Working paper, 2005-08)The paper analyzes a barrier exchange option that is knocked out the first time the two underlying assets have identical market values. Under rather general conditions regarding the price processes for the underlying assets, ... -
Now or Later? Trading wind power closer to real-time and how poorly designed subsidies lead to higher balancing costs
(Discussion papers;2013/01, Working paper, 2013-04)An important challenge facing many deregulated electricity markets is dealing with the increasing penetration of intermittent generation. Simulation studies have pointed to the advantages of trading closer to real-time ... -
Nøytralitet i vannkraftbeskatningen : virker grunnrenteskatten i Norge nøytralt på investeringsbeslutninger?
(Master thesis, 2017)For å i størst mulig grad oppnå samfunnsøkonomisk optimal ressursallokering, er nøytralitet i bedriftsbeskatningen en ønskelig egenskap. Grunnrente er en renprofitt som har sitt opphav i bruk av en begrenset naturressurs ... -
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 ... -
Oil Prices and the Renewable Energy Sector
(Discussion paper;15/17, Working paper, 2017-11-14)Energy security, climate change, and growing energy demand issues are moving up on the global political agenda, and contribute to the rapid growth of the renewable energy sector. In this paper we investigate the effects ... -
Omfanget av skyggeøkonomien: en oversikt over litteratur og metoder
(Master thesis, 2013)Skyggeøkonomiens eksistens fører til en rekke konsekvenser for både økonomi, arbeidsliv og politiske beslutninger. Forskere har i en årrekke forsøkt å få en oversikt over denne delen av økonomien, både når det gjelder ...