Now showing items 132-151 of 563

    • Earnings announcements and the variability of stock returns 

      Eilifsen, Aasmund; Knivsflå, Kjell Henry; Sættem, Frode (Discussion paper, Working paper, 1999)
      This paper is concerned with the dissemination process of firm-specific annual earnings information in the Norwegian capital market. We find a significant reduction in stock price volatility in the post-announcement period ...
    • Earnings manipulation : cost of capital versus tax 

      Eilifsen, Aasmund; Knivsflå, Kjell Henry; Sættem, Frode (Discussion paper, Working paper, 1999)
      We show that if taxable income were linked to accounting income, there will exist an automatic safeguard against manipulation of earnings within the analyzed framework. Separating taxable income from accounting income will ...
    • The Economics of the Global Minimum Tax 

      Schjelderup, Guttorm; Stähler, Frank (Discussion paper;3/23, Working paper, 2023-03-14)
      This paper shows that the OECD inclusive framework of Pillar Two fails to implement the claimed 15% minimum corporate tax for subsidiaries of multinational corporations. The reason is that the Substance-based Income Exclusion ...
    • Education and the allocation of talent 

      Hvide, Hans K. (Discussion paper, Working paper, 2000-12)
      This paper considers a two-sector education model with two novel features. First, contracts have an independent role in sorting workers into different sectors of the economy. Second, education improves workers’ awareness ...
    • The Effect of Social Distancing Measures on Intensive Care Occupancy: Evidence on COVID-19 in Scandinavia 

      Juranek, Steffen; Zoutman, Floris T. (Discussion paper;2/20, Working paper, 2020-04-29)
      Understanding the effectiveness of social distancing on the spread of COVID-19 is crucial to justify economically costly social distancing measures. We present a case study focusing on the three Scandinavian countries. ...
    • Effects of taxes and subsidies on media services 

      Kind, Hans Jarle; Møen, Jarle (Discussion paper;44/14, Working paper, 2014-12)
      We start out reviewing the justification for press subsidies. The social value of journalism can be larger than what the newspapers are able to extract because of knowledge externalities, public good characteristics of ...
    • Effects of Voluntary Audit on Accounting Quality in Small Private Firms 

      Aase, Øivind André Strand (Discussion paper;1/22, Working paper, 2022-01-10)
      Many countries have introduced thresholds for mandatory audits, but empirical evaluations on how deregulation of audit markets affect reporting quality are scarce. I analyze a Norwegian audit reform in 2011, that introduced ...
    • Efficiency enhancing taxation in two-sided markets 

      Kind, Hans Jarle; Koethenbuerger, Marko; Schjelderup, Guttorm (Discussion paper, Working paper, 2008-01)
      This paper examines the efficient provision of goods in two-sided markets and characterizes optimal specific and ad-valorem taxes. We show that (i) a monopoly may have too high output compared to the social optimum; (ii) ...
    • Efficient statistical equilibria in markets 

      Jörnsten, Kurt; Ubøe, Jan (Discussion paper, Working paper, 2005)
      In this paper we will study statistical equilibria in commodity markets where agents have a specified utility attached to every transaction in their offer sets. A probability measure on the product of all offer sets is ...
    • Electricity Prices, Large-Scale Renewable Integration, and Policy Implications 

      Kyritsis, Evangelos; Andersson, Jonas; Serletis, Apostolos (Discussion paper;18/16, Working paper, 2016-11-22)
      This paper investigates the effects of intermittent solar and wind power generation on electricity price formation in Germany. We use daily data from 2010 to 2015, a period with profound modifications in the German electricity ...
    • Elements of economics of uncertainty and time with recursive utility 

      Aase, Knut K. (Discussion paper;13/20, Working paper, 2020-10-30)
      We address how recursive utility affects important results in the theory of economics of uncertainty and time, as compared to the standard model, where the focus is on dynamic models in discrete time. Several puzzles ...
    • Empirical evidence on the relationship between mobile termination rates and firms' profit 

      Andersson, Kjetil; Foros, Øystein; Hansen, Bjørn (Discussion paper;2012:10, Working paper, 2012-08)
      The comprehensive theoretical literature on mobile termination rates (MTRs) is inconclusive on how the level of MTRs affects overall consumer charges and firms’ profit. In a theoretical model, well suited for econometric ...
    • An empirically based implementation and evaluation of a network model for commuting flows 

      Gitlesen, Jens Petter; Kleppe, Gisle; Thorsen, Inge; Ubøe, Jan (Discussion paper, Working paper, 2006)
      In this paper we present empirical results based on a network model for commuting flows. The model is a modified version of a construction introduced in Thorsen et al. (1999). Journeys-to-work are determined by distance ...
    • Employment, transport infrastructure and rural depopulation: a new spatial equilibrium model 

      McArthur, David Philip; Thorsen, Inge; Ubøe, Jan (Discussion paper;09/2013, Working paper, 2013-09)
      In this paper we propose a new spatial equilibrium model, and use it to discuss issues related to rural depopulation. The discussion focuses on how investments in transport infras- tructure and the spatial distribution ...
    • Endogenous verifiability in relational contracting 

      Kvaløy, Ola; Olsen, Trond E. (Discussion paper, Working paper, 2004-11)
      We analyze a repeated principal-agent trust game where the principal makes a specific investment by paying the agent up-front, expecting an agreed upon quality level in return. The verifiability of the agent’s action is ...
    • Energy and Mineral Security in the European Union: Metal Requirements for Renewable and Nuclear Intensive Electricity Mixes 

      Qu, Chunzi; Bang, Rasmus Noss (Discussion paper;14/22, Working paper, 2022-12-28)
      In 2022, the EU finds itself in the midst of an energy crisis due to the outbreak of the war between Russia and Ukraine and has to accelerate its path to energy independence. Part of the EU’s strategy is to double down on ...
    • Equilibrium in marine mutual insurance markets with convex operating costs 

      Aase, Knut K. (Discussion paper, Working paper, 2006-02)
      The paper analyzes the possibility of reaching an equilibrium in a market of marine mutual insurance syndicates, called Protection and Indemnity Clubs, or P&I Clubs for short, displaying economies of scale. Our analysis ...
    • Equilibrium Selection in Hawk-Dove Games 

      Blázquez, Mario; Koptyug, Nikita (Discussion paper;12/22, Working paper, 2022-06-29)
      In Hawk-Dove games with mulitiplicity of equilibria, we study which equilibria are selected using various equilibrium selection methods. Using a uniform price auction as an illustrative example, we apply the tracing procedure ...
    • Equilibrium, evolutionary stability and gradient dynamics 

      Flåm, Sjur Didrik (Discussion paper, Working paper, 2002)
      Considered here are equilibria, notably those that solve noncooperative games. Focus is on connections between evolutionary stability, concavity and monotonicity. It is shown that evolutionary stable points are local ...