Browsing Discussion papers (FOR) by Subject "VDP::Samfunnsvitenskap: 200::Økonomi: 210::Bedriftsøkonomi: 213"
Now showing items 21-40 of 58
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Level dependent annuities : defaults of multiple degrees
(Discussion paper, Working paper, 2008-03)Motivated by the risk of stopped debt coupon payments from a leveraged company in financial distress, we value a level dependent annuity contract where the annuity rate depends on the value of an underlying asset-process. ... -
Liquidity constraints and entrepreneurial performance
(Discussion paper, Working paper, 2007-09)If entrepreneurs are liquidity constrained and cannot borrow to operate on an efficient scale, those with more personal wealth should do better than those with less wealth. We investigate this hypothesis using a unique ... -
Long dated life insurance and pension contracts
(Discussion paper, Working paper, 2011-05) -
The long term equilibrium interest rate and risk premiums under uncertainty
(Discussion paper, Working paper, 2011-02) -
Management of Knowledge Workers
(Discussion paper, Working paper, 2006-06)We study how complementarities and intellectual property rights affect the management of knowledge workers. The main results relay when a firm will wish to sue workers that leave with innovative ideas, and the effects of ... -
A market-based approach to manage endangered species interactions
(Discussion paper, Working paper, 2010-09)An economic activity interacts with an endangered species. The activity can be divided into mutually exclusive strata with different levels of inter- action. Observing the activity in order to monitor interactions is ... -
Measuring financial contagion by local Gaussian correlation
(Discussion paper, Working paper, 2010-09)This paper examines financial contagion, that is, whether the cross-market linkages in financial markets increases after a shock to a country. We introduce the use of a new measure of local dependence (introduced by ... -
Media firm strategy and advertising taxes
(Discussion paper, Working paper, 2011-02) -
Merger negotiations with stock market feedback
(Discussion paper, Working paper, 2011-05) -
Mergers and partial ownership
(Discussion paper, Working paper, 2010-12)In this paper we compare the profitability of a merger between two firms (one firm fully acquires another) and the profitability of a partial ownership arrangement between the same two firms in which the acquiring firm ... -
Mixed contracts for the newsvendor problem with real options
(Discussion paper, Working paper, 2011-04) -
A model of deferred callability in defautable debt
(Discussion paper, Working paper, 2009-05) -
Modeling freight markets for coal
(Discussion paper, Working paper, 2008-12)In this paper we study bulk shipping of coal between the central regions in the world. We compare the performance of cost-minimizing models with a gravity model approach. The main nding in the paper is that cost minimizing ... -
Multinationals, minority ownership and tax-efficient financing structures
(Discussion paper, Working paper, 2008-10)We model how multinationals structure their borrowing and lending transactions and find that affiliates in high-tax countries have higher internal and overall debt ratios and lower rental rates of physical capital than ... -
Multinationals, tax competition and outside options
(Discussion paper, Working paper, 2010-09)We analyse tax competition when a multinational firm has invested in two countries but also has an outside option, e.g., towards a third country. An interesting finding is that more attractive outside options for firms may ... -
Newspapers and Advertising: The Effects of Ad-Valorem Taxation under Duopoly
(Discussion paper, Working paper, 2007-01)Newspapers are two-sided platforms that sell their product both to readers and advertisers. Media firms in general, and newspapers in particular, are considered important providers of information, culture and language 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 pricing of performance sensitive debt
(Discussion paper, Working paper, 2011-03) -
Pareto optimal insurance policies in the presence of administrative costs
(Discussion paper, Working paper, 2010-08)In his classical article in The American Economic Review, Arthur Raviv (1979) examines Pareto optimal insurance contracts when there are ex-post insurance costs c induced by the indemnity I for loss x. Raviv’s main ... -
Patient allocations according to circumstances and preferences: Modelling based on the Norwegian patient list system
(Discussion paper, Working paper, 2006-12)In some countries every citizen has the right to obtain a designated general practitioner. However, each individual may have preferences that cannot be fulfilled due to shortages of some kind. The questions raised in this ...