Browsing Discussion papers (FOR) by Title
Now showing items 553-569 of 569
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Wage dynamics and career concerns in anarchistic firms
(Discussion paper, Working paper, 2001-04)We consider firms where a worker’s effort level is contractible, but individual output is not. We attempt to determine equilibrium degree of worker discretion in choice of task (specialization) when workers have private ... -
Wage structure and labor mobility in Norway 1980–1997
(Discussion paper, Working paper, 2005)To what extent do different firms follow different wage policies? How do such policies affect worker mobility between firms, and what are the effects of different wage bargaining regimes? The empirical branch of personnel ... -
Wavelet improvement in turning point detection using a Hidden Markov Model
(Discussion paper;10/14, Working paper, 2014-03)The Hidden Markov Model (HMM) has been widely used in regime classification and turning point detection for econometric series after the decisive paper by Hamilton (1989). The present paper will show that when using HMM ... -
Wealth Effects on Demand for Insurance
(Discussion paper, Working paper, 2007-01)A standard result states that under decreasing absolute risk aversion the indifference premium of the insured is a decreasing function of wealth. This has been interpreted to mean that insurance is an inferior good, which ... -
Wealth Taxation, Non-listed Firms, and the Risk of Entrepreneurial Investment
(Discussion paper;5/18, Working paper, 2018-04-27)How to incorporate hard-to-value assets into the wealth tax? We analyze the effect of an optimal wealth tax on risk-taking behavior and welfare when investors do not only have the standard portfolio choice with a ... -
Wealth Taxation: The Key to Unlocking Capital Gains
(Discussion paper;10/24, Working paper, 2024-09-30)We study how wealth taxes affect portfolio choice in the presence of a realization-based tax on capital gains. We develop a two-period model with heterogeneous investors. Capital gains taxations distort portfolio choice ... -
Weibull Wind Worth: Wait and Watch?
(Discussion paper;2/16, Working paper, 2016-01-27)This paper considers a decision problem in the context of the worth of a wind mill project with profitability dependent on the average wind speed. This is partly known and the issue is whether to go on with the project now ... -
Weight functions and sign regularity
(Discussion paper, Working paper, 1999-03)We examine the question of how the ranking between different distributions with respect to a one-parameter family of weight functions depend on the parameter. We argue that in this context sign regularity of the family of ... -
The welfare effects of tax competition reconsidered : politicians and political institutions
(Discussion paper, Working paper, 2008-10)The views on the welfare effects of tax competition differ widely. Some see the fiscal externalities as the cause for underprovision of public goods, while others see tax competition as means to reduce government inefficiencies. ... -
What Do You Buy When No One’s Watching? The Effect of Self-Service Checkouts on the Composition of Sales in Retail
(Discussion paper;3/18, Working paper, 2018-03-16)Buying items that are unhealthy or are of a private nature may carry a stigma and cause embarrassment. I analyze whether the anonymity provided by self-service checkouts changes customers' shopping patterns in grocery ... -
What Happened in Burlington?
(Discussion paper;26/15, Working paper, 2015-10-07)Three visualization techniques illustrate the distribution of electoral preferences over a candidate triple. Two of them, introduced here, concern an IRV tally. The conditions that may allow the “pushover strategy” and ... -
What happens when it's windy in Denmark?: an empirical analysis of wind power on price volatility in the Nordic electricity market
(Discussion paper, Working paper, 2010-12)This paper attempts to empirically test the effect that wind power production in Denmark has on volatility of the nord-pool wholesale electricity prices. The main result is that wind power tends to significantly reduce ... -
What is wrong with IRV?
(Discussion paper;13/18, Working paper, 2018-10-22)Struggles over the single-seat preferential election method IRV, Instant Runoff Voting, (a.k.a. AV, Alternative Vote or RCV, Ranked-Choice Voting) go on in many arenas: legislatures, courts, websites, and scholarly ... -
What puzzles? : new insights in asset pricing
(Discussion paper;2012:13, Working paper, 2012-11)Motivated by the problems of the conventional model in rationalizing izing market data, we derive the equilibrium interest rate and risk premiums using recursive utility in continuous time. In a representative- agent ... -
When a price is enough : implementation in optimal tax design
(Discussion paper;32/14, Working paper, 2014-09)This paper studies the design of tax systems that implement a planner's secondbest allocation in a market economy. An example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible ... -
When is it better to wait for a new version? : optimal replacement of an emerging technology under uncertainty
(Discussion papers;26/14, Working paper, 2014-06)We determine the optimal timing for replacement of an emerging technology facing uncertainty in both the output price and the arrival of new versions. Via a sequential investment framework, we determine the value of the ... -
Zonal pricing in a deregulated electricity market
(Discussion paper, Working paper, 1999)In the deregulated Norwegian electricity market a zonal transmission pricing system is used to cope with network capacity problems. In this paper we will illustrate some of the problems that the zonal pricing system, as ...