• Closed form valuation of American options 

      Bjerksund, Petter; Stensland, Gunnar (Discussion paper, Working paper, 2002)
      This paper presents a simple and intuitive approximation of the American call and put value. The approximation generalizes the Bjerksund-Stensland model by dividing time to maturity into two periods, each with a flat early ...
    • CO2 intensity and GDP per capita 

      Hannesson, Rögnvaldur (Discussion paper;16/18, Working paper, 2018-12-12)
      The relationship between CO2 intensity and GDP per capita is studied. Most rich countries show falling CO2 intensity over time and a negative correlation with GDP per capita. Many poor and medium rich countries show the ...
    • Coalition Formation with Externalities: The Case of the Northeast Atlantic Mackerel Fishery in a Pre and Post Brexit Context 

      Toumasatos, Evangelos; Steinshamn, Stein Ivar (Discussion paper;11/17, Working paper, 2017-10-18)
      In this paper we apply the so-called partition function approach to study coalition formation in the North-east Atlantic mackerel fishery in the presence of externalities. Atlantic mackerel is mainly exploited by the ...
    • Combined vehicle routing and scheduling with temporal precedence and synchronization constraints 

      Bredström, David; Rönnqvist, Mikael (Discussion paper, Working paper, 2006)
      We present a mathematical programming model for the combined vehicle routing and scheduling problem with time windows and additional temporal constraints. The temporal constraints allow for imposing pairwise synchronization ...
    • Committee preferences and information acquisition 

      Arve, Malin; Desrieux, Claudine (Discussion paper;14/23, Working paper, 2023-09-28)
      We study committees whose task is to make a binary decision where the correct decision depends on the state of the world that is imperfectly known. Committee members can exert effort to learn about the true state of the ...
    • Commodity price modeling that matches current observables : a new approach 

      Miltersen, Kristian R. (Discussion paper, Working paper, 2002)
      We develop a stochastic model of the spot commodity price and the spot convenience yield such that the model matches the current term structure of forward and futures prices, the current term structure of forward and futures ...
    • Common agency with outside options : the case of international taxation of an MNE 

      Olsen, Trond E.; Osmundsen, Petter (Discussion paper, Working paper, 1999)
    • Common mistakes in computing the nucleolus 

      Guajardo, Mario; Jörnsten, Kurt (Discussion paper;15/14, Working paper, 2014-04)
      Despite linear programming and duality have correctly been incorporated in algorithms to compute the nucleolus, we have found mistakes in how these have been used in a broad range of applications. Overlooking the fact ...
    • Comparative Investment Analysis of Wind and Nuclear Energy: Assessing the Impact of Changes in the Electricity Mix and Required Government Support for Investment Parity 

      Qu, Chunzi; Bang, Rasmus Noss (Discussion paper;8/23, Working paper, 2023-06-28)
      Nuclear energy is once again in the spotlight in Europe, due to recent technological advancements and geopolitical challenges. Our study presents an investment analysis framework that compares the prospects of onshore and ...
    • Competitive nash equilibria and two period fund separation 

      Hens, Thorsten; Reimann, Stefan; Vogt, Bodo (Discussion paper, Working paper, 2003-11)
      We suggest a simple asset market model in which we analyze competitive and strategic behavior simultaneously. If for competitive behavior two-fund separation holds across periods then it also holds for strategic behavior. ...
    • Compound contingent claims 

      Lindset, Snorre (Discussion paper, Working paper, 2002-12)
      This paper explores similarities and differences between a compound option and a two-period guarantee. A generalised compound contingent claim that captures these two claims as special cases is constructed. The underlying ...
    • Conditions for effective risk sharing against marine pollution: the case of the Ría de Vigo 

      Grossmann, Schimon; Faure, Michael (Discussion paper;1/17, Working paper, 2017-01-31)
      The question of how effective protection against environmental impairment can be provided has spawned much literature. One instrument that is often invoked to provide compensation for environmental damage is insurance. ...
    • Condorcet methods - when, why and how? 

      Stensholt, Eivind (Discussion paper, Working paper, 2008)
      Geometric representations of 3-candidate profiles are used to investigate properties of preferential election methods. The representation visualizes both the possibility to win by agenda manipulation, i.e. introducing a ...
    • Congested interregional infrastructure, road pricing and regional labour markets 

      McArthur, David Philip; Thorsen, Inge; Ubøe, Jan (Discussion paper, Working paper, 2009-04)
    • Congestion Management in a Stochastic Dispatch Model for Electricity Markets 

      Bjørndal, Endre; Bjørndal, Mette; Midthun, Kjetil; Zakeri, Golbon (Discussion paper;12/16, Working paper, 2016-08-25)
      We consider an electricity market organized with two settlements: one for a pre-delivery (day-ahead) market and one for real time, where uncertainty regarding production from non-dispatchable energy sources as well as ...
    • Congestion management in the Nordic power market : counter purchases and zonal pricing 

      Bjørndal, Mette; Jörnsten, Kurt; Pignon, Virginie (Discussion paper, Working paper, 2002)
      In this paper, we investigate methods for managing congestion on the grid in the Nordic power market. Specifically, we have considered the differences between using counter purchases as opposed to pricing out the transmission ...
    • Contingent Claims Evaluation when the Convenience Yield is Stochastic: Analytical Results 

      Bjerksund, Petter (Discussion paper;1/91, Working paper, 1991-02)
      This paper considers contingent claims on a commodity when both the spot price and the convenience yield are generated by diffusion processes. By adopting the Gibson and Schwartz (1990) assumptions on the economy, we derive ...
    • Continuous harvesting costs in sole-owner fisheries with increasing marginal returns 

      Maroto, Jose M.; Moran, Manuel; Sandal, Leif Kristoffer; Steinshamn, Stein Ivar (Discussion paper, Working paper, 2009-09)
      We develop a bioeconomic model to analyze a sole-owner fishery with fixed costs as well as a continuous cost function for the generalized Cobb-Douglas production function with increasing marginal returns to effort level. ...
    • Continuous monitoring : look before you leap 

      Lindset, Snorre; Persson, Svein-Arne (Discussion paper, Working paper, 2008-03)
      We present a model for pricing credit risk protection for a limited liability non-life insurance company. The protection is typically provided by a guaranty fund. In the case of continuous monitoring, i.e., where the market ...
    • Control benefits and CEO discipline in automatic bankruptcy auctions 

      Eckbo, B. Espen; Thorburn, Karin S. (Discussion paper, Working paper, 2002-11)
      In Sweden, a bankruptcy filing automatically terminates CEO employment and places the firm in an open auction. This has prompted warnings of strong shareholder risk-shifting incentives to delay filing ("go for broke"). ...