Blar i Discussion papers (FOR) på tittel
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Costs and benefits of speculation
(Discussion paper;2012:12, Working paper, 2012-10)We quantify the effects of financial regulation in an equilibrium model with delegated portfolio management. Fund managers trade stocks and bonds in an order-driven market, subject to transaction taxes and constraints ... -
Country risk, country risk indices, and valuation of FDI : a real options approach
(Discussion paper, Working paper, 2001-03)Country risk and in particular political risk may constitute a large part of the total risk investors face when investing in emerging markets. It is not a straightforward task to quantify and include these types of risks ... -
Crash risk in the Nordic Stock Market - a cross-sectional analysis
(Discussion paper;5/23, Working paper, 2023-04-28)This paper takes the viewpoint of an investor that can invest in the Nordic countries Norway, Sweden, Denmark and Finland. The four markets are treated as one integrated market. In the analysis we investigate whether there ... -
Creaming - and the depletion of resources: A Bayesian data analysis
(Discussion paper;16/17, Working paper, 2017-11-16)This paper considers sampling in proportion to size from a partly unknown distribution. The applied context is the exploration for undiscovered resources, like oil accumulations in different deposits, where the most promising ... -
Creating a National Champion: International Competition and Unbundling in Rail Transportation
(Discussion paper;18/15, Working paper, 2015-04-10)This article investigates the incentives to unbundle operations and infrastructure in the railway industry in a two-country model with international network effects from the viewpoint of national governments. The analysis ... -
Credit spreads and incomplete information
(Discussion paper, Working paper, 2008-03)A new model is presented which produces credit spreads that do not converge to zero for short maturities. Our set-up includes incomplete, i.e., delayed and asymmetric information. When the financial market observes the ... -
Credit supply shocks, financial constraints and investments for small and medium-sized firms
(Discussion paper;2012:11, Working paper, 2012-09)In this paper, we find that reduced credit supply reduces firm investments in our sample of small private firms. The effect is strongest for the least financially constrained firms. We use a representative survey of ... -
Crime and punishment: When tougher antitrust enforcement leads to higher overcharge
(Discussion paper;05/13, Working paper, 2013-05)The economics of crime and punishment postulates that higher punishment leads to lower crime levels, or less severe crime. It is how- ever hard to get empirical support for this rather intuitive relationship. This paper ... -
Data assimilation into biomass dynamics models : a Monte Carlo simulation experiment
(Discussion paper, Working paper, 2001)In this paper, we use a variational data assimilation method to fit biomass dynamics models to simulated data. The method is the variational adjoint technique in which a cost function measuring the distance between the ... -
Dead battery? Wind power, the spot market, and hydro power interaction in the Nordic electricity market
(Discussion paper;2011:16, Working paper, 2011-09)It is well established within both the economics and power system engineering literature that hydro power can act as a complement to large amounts of intermittent energy. In particular, hydro power can act as a "battery" ... -
The defeasance of control rights
(Discussion pape, Working paper, 2011-01) -
The demand attributes of assurance services and the role of independent accountants
(Discussion paper, Working paper, 2004)Several initiatives and auditors’ professional organizations have argued that assurance about the quality of information, processes, or compliance encompasses the future market base for the accounting profession. However, ... -
Design and pricing of equity-linked life insurance under stochastic interest rates
(Discussion paper, Working paper, 1998-11)A valuation model for equity-linked life insurance contracts incorporating stochastic interest rates is presented. Our model generalizes some previous pricing results based on deterministic interest rates. Moreover, a ... -
A disaggregated gravity model
(Discussion paper, Working paper, 2000)The gravity model is used to estimate trip distributions. The estimates are in form of trip frequencies. This study is devoted to an entropy problem where the solution decomposes trip frequencies to the underlying probability ... -
Disposal of petroleum installations : major policy issues
(Discussion paper, Working paper, 2000-01)Following the Brent Spar controversy, the OSPAR countries reached a unanimous agreement in 1998 for the future rules for disposal of petroleum installations. The vast majority of existing offshore installations will be ... -
Distorted performance measures and dynamic incentives
(Discussion paper, Working paper, 2004-12)Incentive contracts must typically be based on performance measures that do not exactly match agents' true contribution to principals' objectives. Such misalignment may impose difficulties for effective incentive design. ... -
A Distributional Robust Analysis of Buyback and Cap-and-Trade Policies
(Discussion paper;5/24, Working paper, 2024-02-20)This study delves into a dynamic Stackelberg game comprised of a manufacturer and a retailer, operating in an environment with fluctuating demand and price-dependent consumer behavior. The multi-period optimization challenges ... -
Do all-equity firms destroy value by holding cash?
(Discussion paper, Working paper, 2010-12)Empirical evidence shows that as of 2006, nearly every fifth large U.S. public corporation was all-equity financed and that the corresponding average cash holding were nearly twice as high as of the average U.S. firm. ... -
Do species interactions and stochasticity matter to optimal management of multispecies fisheries?
(Discussion paper;2012:1, Working paper, 2012-01)The multispecies fisheries management looks at a bigger picture in addressing the long-term consequences of present decisions. This implies an ecosystem management that includes a number of species and their physical, ... -
Does a Wealth Tax Discriminate against Domestic Investors?
(Discussion paper;16/19, Working paper, 2019-11-21)This paper studies the impact of a capital-income tax and a wealth tax on investor behavior in an efficient capital market under various assumptions regarding uncertainty and time horizons. We show that investors who face ...