Browsing Discussion papers (FOR) by Title
Now showing items 90-109 of 564
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Congestion management in the Nordic power market : counter purchases and zonal pricing
(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
(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
(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
(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
(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"). ... -
A control theory of financial structure : outside equity control and the priority and maturity structure of debt
(Discussion paper, Working paper, 2000-12)Firms' financial structures typically consist of debt claims of different priority and maturity, and outside equity with control rights. The present paper develops a simple control theory of financial structure in which ... -
A convolution estimator for the density of nonlinear regression observations
(Discussion paper, Working paper, 2007-11)The problem of estimating an unknown density function has been widely studied. In this paper we present a convolution estimator for the density of the responses in a nonlinear regression model. The rate of convergence for ... -
Cooperation in knowledge-intensive firms
(Discussion paper, Working paper, 2007-07)The extent to which a knowledge-intensive firm should induce cooperation between its employees is analyzed in a model of relational contracting between a firm (principal) and its employees (two agents). The agents can ... -
Cooperation of customers in traveling salesman problems with profits
(Discussion paper;17/19, Working paper, 2019-11-22)The traveling salesman problem and its variants are among the most studied problems in the literature on transportation and logistics. In one of these variants known as the profitable tour problem [2], a profit-maximizing ... -
Cooperative game-theoretic features of cost sharing in location-routing
(Discussion paper;11/18, Working paper, 2018-09-24)This article studies several variants of the location-routing problem using a cooperative game-theoretic framework. The authors derive characteristics in terms of subadditivity, convexity, and non-emptiness of the core. ... -
Coordinate to obfuscate? The role of prior announcements of recommended prices
(Discussion paper;14/20, Working paper, 2020-11-18)Firms may want to coordinate industry-wide price jumps that are predictable for rivals, however, unpredictable for consumers. We show how such coordination is carried out in Norwegian gasoline retailing. Overnight, the ... -
Coordination of limited commercial return
(Discussion paper, Working paper, 2005)This paper analyses coordination in a supply chain consisting of a supplier and a retailer, where the retailer has the opportunity to return products at midlife and end-of-life. The paper examines particularly the coordination ... -
Corporate returns to subsidized R&D projects: Direct grants vs tax credit financing
(Discussion paper;9/18, Working paper, 2018-05-31)According to theory, direct R&D grants should be used for projects with low private returns, high social returns and high risk. R&D tax credits, on the other hand, allow firms to choose projects freely according to their ... -
Cost allocation in collaborative forest transportation
(Discussion paper, Working paper, 2006)Transportation planning is an important part of the wood flow chain in forestry. There are often several forest companies operating in the same region and co-ordination between two or more companies is rare. However, there ... -
Cost efficiency analysis based on the DEA and StoNED models : case of Norwegian electricity distribution companies
(Discussion papers;28/14, Working paper, 2014-06)Our paper applies data envelopment analysis (DEA) and stochastic non-parametric envelopment of data (StoNED) to measure cost efficiency of electricity distribution companies. The data cover 123 Norwegian electricity ... -
The cost of multiple sclerosis in Norway – (and how certain can we be?)
(Discussion paper, Working paper, 2006-08)The research question initially formulated for this study was to attempt to set a numerical target for the total yearly cost of MS to the Norwegian society, and relate the cost and patients´ experienced quality of life to ... -
Costs and benefits of speculation
(Discussion paper;2012:12, Working paper, 2012-10)We quantify the effects of financial regulation in an equilibrium model with delegated portfolio management. Fund managers trade stocks and bonds in an order-driven market, subject to transaction taxes and constraints ... -
Country risk, country risk indices, and valuation of FDI : a real options approach
(Discussion paper, Working paper, 2001-03)Country risk and in particular political risk may constitute a large part of the total risk investors face when investing in emerging markets. It is not a straightforward task to quantify and include these types of risks ... -
Crash risk in the Nordic Stock Market - a cross-sectional analysis
(Discussion paper;5/23, Working paper, 2023-04-28)This paper takes the viewpoint of an investor that can invest in the Nordic countries Norway, Sweden, Denmark and Finland. The four markets are treated as one integrated market. In the analysis we investigate whether there ... -
Creaming - and the depletion of resources: A Bayesian data analysis
(Discussion paper;16/17, Working paper, 2017-11-16)This paper considers sampling in proportion to size from a partly unknown distribution. The applied context is the exploration for undiscovered resources, like oil accumulations in different deposits, where the most promising ...