Now showing items 312-331 of 831

    • Greening the Vehicle Fleet: Evidence from Norway’s CO2 Differentiated Registration Tax 

      Yan, Shiyu; Eskeland, Gunnar S. (Discussion paper;14/16, Working paper, 2016-08-31)
      Fiscal policies are used to improve vehicle fuel efficiency and reduce CO2 emissions in the transport sector. Years of forceful reform in Norway may be seen as informative. From 2007, Norway has linked its new vehicle ...
    • Guaranteed investment contracts: distributed and undistributed excess return 

      Miltersen, Kristian R.; Persson, Svein-Arne (Discussion paper, Working paper, 2000)
      Annual minimum rate of return guarantees are analyzed together with rules for distribution of positive excess return, i.e. investment returns in excess of the guaranteed minimum return. Together with the level of the annual ...
    • Guarantees of Origin and Competition in the Spot Electricity Market 

      Blázquez, Mario; Hovdahl, Isabel; Arve, Malin; Bjørndal, Endre; Bjørndal, Mette (Discussion paper;24/23, Working paper, 2023-12-15)
      We study the effect of introducing a market for green energy attributes on the market for the energy itself. In Europe, renewable energy producers receive Guarantees of Origin (GOs) that they can sell to consumers who wish ...
    • Handling financial risks in crude oil imports: Taking into account crude oil prices as well as country and transportation risks 

      Wang, Shuang; Wallace, Stein William; Lu, Jing; Gu, Yewen (Journal article; Peer reviewed, 2019)
      Financial risks related to crude oil imports are certainly affected by crude oil price uncertainty. Our question is: How important is it to take also physical risks, such as the crude oil exporters’ political risks and ...
    • Har eiendomsskatten økonomiske konsekvenser for norske selskaper?: En analyse av eiendomsskattens påvirkning på lokalt næringsliv 

      Stensland, Anne Karin; Hamran, Ingrid (Master thesis, 2016)
      Den norske eiendomsskatten er interessant å studere i den forstand at den er en frivillig kommunal skatt, der kommunen selv råder over inntektene. Mange argumenter eksisterer for hvorfor skatten er bra eller dårlig for ...
    • Harmonization of Corporate Tax Systems and its Effect on Collusive Behavior 

      Schindler, Dirk; Schjelderup, Guttorm (Discussion paper, Working paper, 2007-01)
      We study how harmonization of corporate tax systems affects the stability of international cartels. We show that tax base harmonization reinforces collusive agreements, while harmonization of corporate tax rates may ...
    • Harvest control rules in modern fisheries management 

      Kvamsdal, Sturla F; Eide, Arne; Ekerhovd, Nils-Arne; Enberg, Katja; Gudmundsdottir, Asta; Hoel, Alf Håkon; Mills, Katherine E.; Mueter, Franz J.; Ravn-Jonsen, Lars; Sandal, Leif Kristoffer; Stiansen, Jan Erik; Vestergaard, Niels (Journal article; Peer reviewed, 2016)
      Harvest control rules have become an important tool in modern fisheries management, and are increasingly adopted to provide continuity in management practices, to deal with uncertainty and ecosystem considerations, and to ...
    • Harvesting in a Fishery with Stochastic Growth and a Mean-Reverting Price 

      Kvamsdal, Sturla F; Poudel, Diwakar; Sandal, Leif Kristoffer (Journal article; Peer reviewed, 2014)
      We analyze a continuous, nonlinear bioeconomic model to demonstrate how stochasticity in the growth of fish stocks affects the optimal exploitation policy when prices are stochastic, mean-reverting and possibly harvest ...
    • Hedging ship price risk using freight derivatives in the drybulk market 

      Ådland, Roar Os; Ameln, Haakon; Børnes, Eirik A. (Journal article; Peer reviewed, 2019)
      We show that a fixed-maturity time-weighted Forward Freight Agreement (FFA) portfolio should be used to proxy the expected future earnings of a vessel. We investigate the corresponding hedging efficiency when using a ...
    • Heterogeniety and limited stock market participation 

      Aase, Knut K. (Discussion paper;05/14, Working paper, 2014-02)
      We derive the equilibrium interest rate and risk premiums using recursive utility with heterogeneity in a continuous time model. Two ordinally equivalent versions are considered, each associated with a di erent set of ...
    • 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 ...
    • A hit-and-run interloper model for a regional fisheries management on the high sea 

      Sandal, Leif Kristoffer; Steinshamn, Stein Ivar; McKelvey, Robert W. (Discussion paper, Working paper, 2002-07)
      The 1993 U.N. Straddling Stock Agreement prescribes a multi-national organizational structure for management of an exploited marine fish stock, one whose range straddles both .Extended Economic Zones. (EEZs) and high seas ...
    • Holomorphic convexity and Carleman approximation by entire functions on Stein manifolds 

      Manne, Per Erik; Wold, Erlend Fornæss; Øvrelid, Nils (Journal article; Peer reviewed, 2011)
      We give necessary and sufficient conditions for totally real sets in Stein manifolds to admit Carleman approximation of class Ck , k ≥ 1, by entire functions.
    • 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 ...
    • Hotelling competition with multi-purchasing 

      Anderson, Simon P.; Foros, Øystein; Kind, Hans Jarle (Discussion paper, Working paper, 2010-12)
      We analyze a Hotelling model where consumers either buy one out of two goods (single-purchase) or both (multi-purchase). The firms pricing strategies turn out to be fundamentally different if some consumers multi-purchase ...
    • How electricity price spikes can help overcome the energy efficiency gap 

      Mauritzen, Johannes (Journal article; Peer reviewed, 2015)
      Using data on Google searches, I suggest that the spiky nature of electricity markets has a strong effect on searching for information on energy efficiency goods. I identify the informational effect by decomposing prices ...
    • How time preferences differ : evidence from 45 countries 

      Wang, Mei; Rieger, Marc Oliver; Hens, Thorsten (Discussion paper;2011:18, Working paper, 2011-10)
      We present results from the first large-scale international survey on time discounting, conducted in 45 countries. Cross-country variation cannot simply be explained by economic variables such as interest rates or ...
    • How to extend the RiskMetrics market risk universe 

      Bjerksund, Petter; Stensland, Gunnar (Discussion paper, Working paper, 2002)
      RiskMetrics™ (RM) represents a framework for measuring market risk founded on the Value at Risk concept, and offer daily updated estimates of standard deviations and correlations of the assets within their market risk ...
    • How to measure greenhouse gas emissions by fuel type for binary sustainability standards: Average or Marginal emissions? An example of fertilizer use and corn ethanol 

      Zhu, Xueqin; Yan, Shiyu; Smeets, Edward; van Berkum, Siemen (Discussion paper;3/17, Working paper, 2017-02-28)
      This study proposed a modelling framework which addresses various issues such as decreasing marginal yield of corn with respect to fertilizer use in biofuel production and the resulting greenhouse gas emissions. Particularly, ...
    • How to Use One Instrument to Identify Two Elasticities 

      Gavrilova, Evelina; Zoutman, Floris T.; Hopland, Arnt O. (Discussion paper;2/17, Working paper, 2017-02-27)
      We show that an insight from taxation theory allows identification of both the supply and demand elasticities with only one instrument. Ramsey (1928) and subsequent models of taxation assume that a tax levied on the demand ...