Blar i Discussion papers (FOR) på tittel
Viser treff 300-319 av 564
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A new approach of fitting biomass dynamics models to real data based on a linear total allowable catch (TAC) rule : an optimal control approach
(Discussion paper, Working paper, 2000-05)A non-traditional approach of fitting dynamic resource biomass models to data is developed in this paper. The adjoint technique is an optimal control or a variational method for parameter identification. It provides a novel ... -
New econ for life actuaries
(Discussion paper, Working paper, 2003-03)In an editorial in ASTIN BULLETIN, Hans Bühlmann (2002) suggests it is time to change the teaching of life insurance theory towards the real life challenges of that industry. The following note is a response to this ... -
Newspaper Differentiation and Investments in Journalism: The Role of Tax Policy
(Discussion paper;12/09, Working paper, 2009-11)Newspapers are considered to be important providers of information, culture and language, and are taxed at a reduced VAT rate in most countries. This paper shows that such a policy may a¤ect newspaper differentiation and ... -
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 ... -
Nodal pricing in a coupled electricity market
(Arbeidsnotat;27/14, Working paper, 2014-06)This paper investigates a pricing model for an electricity market with a hybrid congestion management method, i.e. part of the system applies a nodal pricing scheme and the rest applies a zonal pricing scheme. The model ... -
Non-linear anonymous pricing in combinatorial auctions
(Discussion paper, Working paper, 2005-08) -
Non-parametric estimation of conditional densities: A new method
(Discussion paper;22/16, Working paper, 2016-12-07)Let X = (X1,...,Xp) be a stochastic vector having joint density function fX(x) with partitions X1 = (X1,...,Xk) and X2 = (Xk+1,...,Xp). A new method for estimating the conditional density function of X1 given X2 is presented. ... -
The nonequivalence of the earnings and dividends approaches to equity valuation
(Discussion paper, Working paper, 2005-09)Accounting theory treats a wide class of equity valuation approaches as equivalent. For example, under clean surplus accounting, the earnings approach is viewed as identical to the discounted dividends approach. Empirical ... -
A note on a barrier exchange option : the world’s simplest option formula?
(Discussion paper, Working paper, 2005-08)The paper analyzes a barrier exchange option that is knocked out the first time the two underlying assets have identical market values. Under rather general conditions regarding the price processes for the underlying assets, ... -
Now or Later? Trading wind power closer to real-time and how poorly designed subsidies lead to higher balancing costs
(Discussion papers;2013/01, Working paper, 2013-04)An important challenge facing many deregulated electricity markets is dealing with the increasing penetration of intermittent generation. Simulation studies have pointed to the advantages of trading closer to real-time ... -
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 ... -
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 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 ...