Browsing Discussion papers (FOR) by Subject "VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212"
Now showing items 21-40 of 41
-
Patent trolls, litigation and the market for innovation
(Discussion papers;24/14, Working paper, 2014-06)We examine the role of non-practicing entities (NPEs), often called patent trolls, in patent litigation. We present a theoretical model that predicts that cases with NPE patentees resolve faster. We test this prediction ... -
The propagation of financial extremes
(Discussion paper, Working paper, 2008-07)What drives extreme economic events? Motivated by recent theory, and events in US subprime markets, we begin to open the black box of extremes. Specifically, we extend standard economic analysis of extreme risk, allowing ... -
Real-time versus day-ahead market power in a hydro-based electricity market
(Discussion paper;06/14, Working paper, 2014-02)We analyse in a theoretical framework the link between real-time and day-ahead market performance in a hydro-based and imperfectly competitive wholesale electricity market. Theoretical predictions of the model are tested ... -
Recursive utility and jump-diffusions
(Discussion paper;09/14, Working paper, 2014-03)We derive the equilibrium interest rate and risk premiums using recursive utility for jump-di usions. Compared to to the continuous version, including jumps allows for a separate risk aversion related to jump size risk ... -
Recursive utility using the stochastic maximum principle
(Discussion paper;03/14, Working paper, 2014-02)Motivated by the problems of the conventional model in rationalizing market data, we derive the equilibrium interest rate and risk premiums using recursive utility in a continuous time model. We consider ... -
Redistributive taxation, multinational enterprises, and economic integration
(Discussion paper, Working paper, 2008-03)Increased activity of multinational firms exposes national corporate tax bases to cross-country profit shifting, but also leads to rising profitability of the corporate sector. We incorporate these two effects of economic ... -
Relationship-specificity, bargaining power, growth, and firm performance
(Discussion paper;04/14, Working paper, 2014-02)We investigate the relevance of relationship-specificity in explaining firm performance and firm value. First, we use an incomplete contracts model to derive hypotheses on how relationship-specificity interacts with ... -
Simulation of congestion management and security constraints in the Nordic electricity market
(Discussion papers;30/14, Working paper, 2014-06)Presently in the Nordic day-ahead market, zonal pricing or market splitting is used for relieving congestion between a predetermined set of price areas. Constraints internal to the price areas are resolved by counter ... -
The spatial transferability of parameters in a gravity model of commuting flows
(Discussion paper, Working paper, 2010-05) -
Stochastic optimization for multispecies fisheries in the Barents Sea
(Discussion paper;02/14, Working paper, 2014-02)This study presents a multispecies stochastic model. The model suggests optimal fishing policy for two species in a three species predator prey ecosystem in the Barents Sea. We have employed stochastic dynamic programing ... -
The analysis of split graphs in social networks based on the K-Cardinality assignment problem
(Discussion paper;08/14, Working paper, 2014-02)In terms of social networks, split graphs correspond to the variety of interpersonal and intergroup relations. In this paper we analyse the interaction between the cliques (socially strong and trusty groups) and the ... -
The coauthorship network analysis of the BI Norwegian business school
(Discussion papers;31/14, Working paper, 2014-07)We construct the coauthorship network based on the scientific collaboration between the faculty members at the Norwegian Business School (BI) and based on their international academic publication experience. The network ... -
The coauthorship network analysis of the Norwegian school of economics
(Discussion papers;20/14, Working paper, 2014-05)We construct the coauthorship network based on the scientific collaboration between the faculty members at the Norwegian School of Economics (NHH) and based on their international academic publication experience. The ... -
The effect of capital taxes on household's portfolio composition and intertemporal choice : evidence from the Dutch 2001 capital income tax reform
(Discussion papers;23/14, Working paper, 2014-06)This paper estimates the effect of capital taxation on portfolio composition and savings using quasi- experimental variation generated by the Dutch 2001 capital tax reform. The reform drove a wedge between the taxation ... -
The effect of oil prices on offshore production : evidence from the Norwegian continental shelf
(Discussion paper;07/14, Working paper, 2014-02)I use detailed field-level data on Norwegian o↵-shore oil field production and a semi-parametric additive model to control for the production profile of fields to estimate the e↵ect of oil prices on production. I find ... -
The Life Cycle Model with Recursive Utility: New insights on optimal consumption
(Discussion papers;19/14, Working paper, 2014-05)We analyze optimal consumption, including pensions, during the life time of a consumer using the life cycle model, when the consumer has recursive utility. The model framework is that of continuous-time with diffusion ... -
Tournaments with prize-setting agents
(Discussion paper, Working paper, 2008-10)In many tournaments it is the contestants themselves who determine reward allocation. Labor-union members bargain over wage distribution, and many firms allow self-managed teams to freely determine internal resource ... -
Transfer pricing and debt shifting in multinationals
(Discussion papers;22/14, Working paper, 2014-05)There is a growing concern that governments lose substantial corporate tax revenue due to transfer pricing and debt shifting strategies. Existing literature studies debt shifting and transfer pricing separately. In ... -
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 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 ...