Blar i Department of Business and Management Science på tittel
Viser treff 465-484 av 828
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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 ... -
On Farm Conservation of Crop Genetic Resource: Declining De Facto Diversity and Optimal Funding Strategy
(Journal article; Peer reviewed, 2015)Crop genetic resources (CGRs) are crucial natural resource which ensure food or livelihood security of billions of people today as well as ensure future agricultural innovations. However, the CGR diversity remaining in in ... -
On revenue and welfare dominance of ad valorem taxes in two-sided markets
(Discussion paper, Working paper, 2009-09)A benchmark result in public economics is that it is possible to increase both tax revenue and welfare by making a monopoly subject to ad valorem taxes rather than unit taxes. We show that such revenue and welfare ... -
On the approximation of Lévy driven Volterra processes and their integrals
(Journal article; Peer reviewed, 2019)Volterra processes appear in several applications ranging from turbulence to energy finance where they are used in the modelling of e.g.temperatures and wind and the related financial derivatives. Volterra processes are ... -
On the consistency of the Lucas pricing formula
(Discussion paper, Working paper, 2005-04)In order to find the real market value of an asset in an exchange economy, one would typically apply the formula appearing in Lucas (1978), developed in a discrete time framework. This theory has also been extended to ... -
On the Distributional Assumptions in the StoNED model
(Discussion paper;24/15, Working paper, 2015-09-17)In a recent paper Johnson and Kuosmanen (2011) propose a new, semi-parametric, general cost-frontier model, the stochastic nonparametric envelopment of data (StoNED). The model is semi-parametric in the sense that the ... -
On the dynamics of commercial fishing and parameter identification
(Discussion paper, Working paper, 2000-05)This paper has two main objectives. The first is to develop dynamic models of commercial fisheries different from the existing models. The industry is assumed to have a well defined index of performance based on which it ... -
On the economic geography of dual distribution - The case of McDonald’s in Germany
(Discussion paper;14/19, Working paper, 2019-10-29)We analyze the allocation of ownership in a franchise system by focusing on location-specific characteristics of the outlets. This study uses a comprehensive data set on McDonald’s restaurants in Germany to investigate the ... -
On the estimation of correlations for irregularly spaced time series
(Discussion paper, Working paper, 2007-06)In this paper, the problem of calculating covariances and correlations between time series which are observed irregularly and at different points in time, is treated. The problem of dependence between the time stamp process ... -
On the Evolution of Investment Strategies and the Kelly Rule – A Darwinian Approach
(Discussion paper, Working paper, 2006-12)This paper complements theoretical studies on the Kelly rule in evolutionary finance by studying a Darwinian model of selection and reproduction in which the diversity of investment strategies is maintained through genetic ... -
On the importance of sequencing decisions in production planning and scheduling
(Discussion paper, Working paper, 1999-06)We discuss the traditional hierarchical approach to production planning and scheduling, emphasizing the fact that scheduling constraints are often either ignored or considered in a very crude way. In particular, we point ... -
On the micro-foundations of money : the Capitol Hill baby-sitting co-op
(Discussion paper, Working paper, 2003-10)This paper contributes to the micro-foundation of money in centralized markets with idiosyncratic uncertainty. It shows existence of stationary monetary equilibria and ensures that there is an optimum quantity of money. ... -
On the pricing of performance sensitive debt
(Discussion paper, Working paper, 2011-03) -
One size fits all? Facility management in Norwegian local governments
(Journal article; Peer reviewed, 2014)Up to the mid-1990s almost all Norwegian local governments had a decentralized structure on their facility management. Over the following 15 years a swift centralization followed, and in 2010 roughly 85% of the ... -
Optimal adaptations to thin-capitalisation rules : the case of the Norwegian petroleum sector
(Master thesis, 2013)The high marginal tax rate of 78 per cent in the Norwegian petroleum sector gives the petroleum companies a strong incentive to finance themselves by both external and internal debt. This can lead to situations where the ... -
Optimal consumption and portfolio in a jump diffusion market
(Discussion paper, Working paper, 2001-06)We consider the problem of optimal consumption and portfolio in a jump diffusion market consisting of a bank account and a stock, whose price is modeled by a geometric Lévy process. We show that in the absence of transaction ... -
Optimal contracts under imperfect enforcement revisited
(Discussion paper, Working paper, 2005-08)We consider a financing game with costly enforcement based on Townsend (1979), but where monitoring is non-contractible and allowed to be stochastic. Debt is the optimal contract. Moreover, the debt contract induces creditor ... -
Optimal control of a renewable natural resources and the "stochastically induced critical depensation"
(Discussion paper, Working paper, 2002-12)This paper focus aspects connected to the optimal control of a renewable resource modelled by a stochastic differential equation. The main point is to show how small changes of the problem may cause severe changes in the ...