Blar i Department of Business and Management Science på dokumenttype "Working paper"
Viser treff 21-40 av 568
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Advertising and Newspaper Differentiation: On the Role of Readers’ Advertising Taste
(Discussion paper, Working paper, 2007-01)Newspapers have an incentive to moderate their profile in order to gain a larger readership and thus higher advertising revenue. We show that this incentive is weakened both if readers are ad-haters and if they are ad-lovers. -
An age-structured model for the effect of interest rate changes on consumption
(Discussion paper;8/21, Working paper, 2021-08-30)A model for the effect of an interest rate change on household consumption is developed. The approach is age-structured: households reconsider their consumption patterns at the moment of the interest rate change and the ... -
An agent-based computational approach to explaining persistent spatial unemployment disparities
(Discussion paper, Working paper, 2008-09)This paper explores possible reasons for persistent spatial unemployment disparities using agent-based computational methods. The method relies on observing the actions of thousands of individuals within an artificial ... -
Aggregation of gravity models for journeys-to-work
(Discussion paper, Working paper, 2001)This paper deals with the use of gravity models to examine journeys-to-work. The purpose of the paper is to study very simple examples demonstrating that gravity models may be subject to serious misspecification in aggregate ... -
American derivatives : a review
(Discussion paper, Working paper, 1997-12)The paper gives an overview over the theory of pricing and hedging financial derivatives that can be exercised at any time during a fixed time interval [0, T]. The analysis makes use of the theory of optimal stopping, and ... -
American option pricing with transaction costs
(Discussion paper, Working paper, 2003-10)In this paper we examine the problem of finding investors’ reservation option prices and corresponding early exercise policies of American-style options in the market with proportional transaction costs using the utility ... -
An Economic Analysis of Debarment
(Discussion paper;23/15, Working paper, 2015-09-17)With a view to reducing the consequences of corruption in public procurement, many governments have introduced debarment of suppliers found guilty of corrup- tion and some other forms of crime. This paper explores the ... -
Analysing flexible load contracts in the energy market
(Discussion paper, Working paper, 2002-11)In this paper we analyse flexible load contracts (FLC), a type of "swing" option. This contract type has existed in energy markets for a long time and has proved to be challenging to value. The term swing refers to the ... -
An analysis of a combinatorial auction
(Discussion paper, Working paper, 2001)Our objective is to find prices on individual items in a combinatorial auction that support the optimal allocation of bundles of items, i.e. the solution to the winner determination problem of the combinatorial auction. ... -
Analyzing learning effects in the newsvendor model by probabilistic methods
(Discussion paper;13/19, Working paper, 2019-10-11)In this paper, we use probabilistic methods to analyze learning effects in a behavioral experiment on the newsvendor model. We argue why we should believe that suggested orders follow a multinomial logit distribution, and ... -
Analyzing risk of stock collapse in a fishery under stochastic profit maximization
(Discussion paper;2012:4, Working paper, 2012-04)In commercial fisheries, stock collapse is an intrinsic problem caused by overexploitation or due to pure stochasticity. To analyze the risk of stock collapse, we apply a relatively simple Monte Carlo approach which can ... -
Annuity factors, duration and convexity : insights from a financial engineering perspective
(Discussion paper, Working paper, 1998-12)This paper applies a unified and integrative financial engineering perspective to key derived concepts in traditional fixed income analysis, with the purpose of enhancing conceptual insights and motivating computational ... -
Anomalies of Instant Runoff Voting
(Discussion paper;6/20, Working paper, 2020-06-23)Struggles over the single-seat preferential election method IRV (Instant Runoff Voting) go on in public arenas and scientific journals, with focus on two “anomalies”. “Monotonicity failures” are preference distributions ... -
An anticipative linear filtering equation
(Discussion paper, Working paper, 2010-08) -
Apple's Agency Model and the Role of Resale Price Maintenance
(Discussion paper;32/15, Working paper, 2015-11-27)The agency model is a business format used by online digital platform providers (such as Apple and Google) in which retail pricing decisions are delegated to upstream content providers subject to a fixed revenue-sharing ... -
An approach to adaptive carbon taxes in the presence of global warming
(Discussion paper, Working paper, 1998-01)The optimal extraction path of fossil fuels and the corresponding corrective tax on extraction are derived when two types of externalities associated with emission of carbondioxide (CO2) are taken into account. The optimal ... -
Approximating closed form solutions to a class of feedback policies
(Discussion paper, Working paper, 2009-09)Dynamic optimization problems cover a large class of problems in theoretical and applied economics. A simple iterative algorithm with fast convergence is proposed. It is demonstrated that the algorithm in a few steps ... -
An arbitrary benchmark CAPM : one additional frontier portfolio is sufficient
(Discussion paper, Working paper, 2008-10)The benchmark CAPM linearly relates the expected returns on an arbitrary asset, an arbitrary benchmark portfolio, and an arbitrary MV frontier portfolio. The benchmark is not required to be on the frontier and may be ... -
Are Central Bankers Inflation Nutters? - A Bayesian MCMC Estimator of the Long Memory Parameter in a State Space Model
(Discussion paper;38/14, Working paper, 2014-12)Several central banks have adopted inflation targets. The implementation of these targets is flexible; the central banks aim to meet the target over the long term but allow inflation to deviate from the target in the ... -
Area yield futures and options : risk management and hedging
(Discussion paper, Working paper, 2002)Suppose there exists a market for yield futures contracts as well as ordinary futures contracts for price. Intuitively one would think that a combined use of yield contracts and and futures price contracts ought to provide ...