Blar i Discussion papers (FOR) på tittel
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Are Central Bankers Inflation Nutters? - A Bayesian MCMC Estimator of the Long Memory Parameter in a State Space Model
(Discussion paper;38/14, Working paper, 2014-12)Several central banks have adopted inflation targets. The implementation of these targets is flexible; the central banks aim to meet the target over the long term but allow inflation to deviate from the target in the ... -
Area yield futures and options : risk management and hedging
(Discussion paper, Working paper, 2002)Suppose there exists a market for yield futures contracts as well as ordinary futures contracts for price. Intuitively one would think that a combined use of yield contracts and and futures price contracts ought to provide ... -
Area yield futures and options : risk management and hedging
(Discussion paper, Working paper, 2001)It is shown how a farmer can lock in a certain revenue by a combined trade in futures price and futures yield contracts, abstracting from production costs. An economic model is proposed for a combined price futures and ... -
Assessment of the Norwegian transmission pricing rules by using a modified AC-OPF
(Discussion paper, Working paper, 2004)This paper focuses on the combined effects of loss factors and zonal pricing in a system that takes as a starting point the procedures of transmission pricing in the Norwegian power system. It interprets the notion of loss ... -
Asset ownership and implicit contracts
(Discussion paper, Working paper, 1998-12)In a setting with two managers/owners who both make relation- and asset-specific investments, I suggest a model where a linear implicit contract can strengthen the incentives to invest, if the parties are sufficiently ... -
Asset ownership and relational contracts
(Discussion paper, Working paper, 2002)In a setting where two managers make relationship- and asset-specific investments, the optimal relational contract specifies the same payments that renegotiations would have led to in a spot mode, plus a fixed transfer and ... -
Asset ownership and risk aversion
(Discussion paper, Working paper, 1998-12)I suggest a model for two managers/owners and two assets, where the optimal allocation of ownership rights is jointly determined by the parties’ risk aversion and the specificity of their investments. The managers are ... -
Asset specificity and vertical integration
(Discussion paper, Working paper, 2003-09)Asset specificity is usually considered to be an argument for vertical integration. The main idea is that specificity induces opportunistic behaviour, and that vertical integration reduces this problem of opportunism. In ... -
Assimilation of real time series data into a dynamic bioeconomic fisheries model : an application to the Norwegian cod fishery stock
(Discussion paper, Working paper, 2000-05)This paper combines the new and elegant technique of inverse methods and a Monte Carlo procedure to analyze real data for the Norwegian cod fishery (NCF) stock. A simple nonlinear dynamic resource model is calibrated to ... -
Auditor detected misstatements and the effect of information technology
(Discussion paper, Working paper, 2003-12)This paper presents information on the causes and detection of misstatements by auditors and the relationship of those misstatements with information technology (IT). The last major study of misstatements and IT used data ... -
Autonomous vessels: State of the art and potential opportunities in logistics
(Discussion paper;6/19, Working paper, 2019-09-05)The growth in technology on autonomous transportation systems is currently motivating a number of research initiatives. This paper first presents a survey of the literature on autonomous marine vessels in general. By ... -
Backhauling in forest transportation : models, methods and practical usage
(Discussion paper, Working paper, 2006)Transportation planning in forestry is divided into strategic, tactical and operational depending on the length of the planning horizon. We consider a tactical problem of finding efficient backhauling routes. Given a set ... -
Balanced scorecards: a relational contract approach
(Discussion paper;3/20, Working paper, 2020-05-08)Reward systems based on balanced scorecards typically connect pay to an index, i.e. a weighted sum of multiple performance measures. However, there is no formal incentive model that actually describe this kind of index ... -
Bank Supervision after the Financial Crisis: Signals from the Market for Liquidity
(Discussion paper;14/15, Working paper, 2015-04-10)The financial turmoil that we have been living with since August 2007 has left central banks, regulators, politicians, and economists with two big, overriding questions: How do we best get out of the crisis and how should ... -
Batteries in Offshore Support vessels - Pollution, climate impact and economics
(Discussion paper;21/16, Working paper, 2016-12-07)This paper assesses the pros and the cons of installing batteries on offshore support vessels. These vessels are specially designed to provide services to oil and gas operations, such as anchor handling, supply and subsea ... -
Bayesian estimation of NIG-parameters by Markov chain Monte Carlo methods
(Discussion paper, Working paper, 2001-01)The Normal Inverse Gaussian (NIG) distribution recently introduced by Barndorff-Nielsen (1997) is a promising alternative for modelling financial data exhibiting skewness and fat tails. In this paper we explore the Bayesian ... -
A behavioral explanation of the relative performance evaluation puzzle
(Discussion paper, Working paper, 2002-11)We study the effects of competitive preferences, where Chief Executive Officers (CEOs) compare their wage to the wage of other CEOs within the same industry, and derive additional utility from being ahead of them. We show ... -
Benefit efficient statistical distributions on patient lists
(Discussion paper, Working paper, 2006)In this paper we consider statistical distributions of different types of patients on the patient lists of doctors. In our framework different types of patients have different preferences regarding their preferred choice ... -
Best estimate reporting with asymmetric loss
(Discussion paper;07/15, Working paper, 2015-01-30)This paper considers the problem of point prediction based on a predictive distribution, representing the uncertainty about the outcome. The issue explored is the reporting of a single characteristic, typically the mean, ... -
Beta-creaming
(Discussion paper;08/15, Working paper, 2015-02-09)This paper considers sampling proportional to expected size from a partly unknown distribution. The applied context is the exploration for undiscovered resources, like oil accumulations in different deposits, where the ...