Blar i Discussion papers (FOR) på utgivelsesdato
Viser treff 41-60 av 564
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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 ... -
European market integration for gas? : volume flexibility and political risk
(Discussion paper, Working paper, 2000-05)Is the European gas market integrated? Are there substantial price differences between gas from different export countries? Time series of Norwegian, Dutch and Russian gas export prices to Germany in 1990-1998 are examined. ... -
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 ... -
Pragmatic beliefs and overconfidence
(Discussion paper, Working paper, 2000-06)Several studies indicate that humans are overconfident about their own (relative) abilities. We propose a notion of pragmatic beliefs, and show through an example that this concept can shed light on why overconfidence ... -
Tournament rewards and risk taking
(Discussion paper, Working paper, 2000-06)In a tournament, a principal sets a prize, and several agents then compete to attain the highest observed output, and win the prize. This paper departs from the existing literature on tournaments by assuming that agents ... -
Modeling the dynamics of regulated resource systems : a fishery example
(Discussion paper, Working paper, 2000-06)In this paper we develop a discrete-time model of jointly managed fisheries. Most modern real world fisheries are shared or jointly exploited and are under some kind of regulation. The regulatory part of the fishery in ... -
A perturbation approach on a class of optimal control problems, unifying the pontryagin and dynamic programming approach
(Discussion paper, Working paper, 2000-06)This article consider special ways of solving time dependent (non-autonomous) systems. Different types of time-dependent Optimal Control Problems in the setting of a Hamiltonian Formulation, are considered and the emphasis ... -
Market integration for natural gas in Europe
(Discussion paper, Working paper, 2000-09)In this paper we examine the degree of market integration in French gas imports. Are there substantial price differences between gas from different export countries, and do prices move together? Furthermore, we analyze to ... -
Learning to face stochastic demand
(Discussion paper, Working paper, 2000-09)We consider repeated interaction among several producers of a homogenous, divisible good, traded at a common market. Demand is uncertain, and its law is unknown. We explore an adaptive scheme leading such producers over ... -
More is less : the tax effects of ignoring flow externalities
(Discussion paper, Working paper, 2000-11)Using a model of nonlinear decay of the stock pollutant, and starting from the same initial conditions, the paper shows that a tax that only corrects for stock externalities can, at the steady state, be higher than a tax ... -
Toeholds and fire-sales in bankruptcy auctions
(Discussion paper, Working paper, 2000-11)We study the role of distressed bank debt in affecting the outcome of Swedish bankruptcy auctions. The auction determines the going-concern premium, i.e., the premium over the piecemeal liquidation value to be paid for the ... -
Risk taking in selection contests
(Discussion paper, Working paper, 2000-11)We study selection contests in which the strategic variable is degree of risk rather than amount of effort. The selection efficiency of such contests is examined. We show that the selection efficiency of a contest may be ... -
Foreign direct investment and local cooperation : a contingent claims approach
(Discussion paper, Working paper, 2000-12)We address key issues that a foreign investor needs to evaluate when deciding whether to enter into a joint venture with a local partner. We explicitly show how the values depend on the valuation methodology, i.e., the ... -
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 ... -
Education and the allocation of talent
(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 ... -
Career concerns, multiple tasks, and short-term contracts
(Discussion paper, Working paper, 2000-12)We study optimal incentive contracts when commitments are limited, and agents have multiple tasks and career concerns. The agent career concerns are determined by the outside market. We show that the optimal compensation ... -
Overpricing (and underpricing) in IPOs : a model of excess initial returns
(Discussion paper, Working paper, 2000-12)This paper develops a model in which new issues, in equilibrium, may be overpriced or underpriced, depending on parameter values. The ability of an investor to withdraw from the offering upon observing unfavorable information ... -
An analysis of a combinatorial auction
(Discussion paper, Working paper, 2001)Our objective is to find prices on individual items in a combinatorial auction that support the optimal allocation of bundles of items, i.e. the solution to the winner determination problem of the combinatorial auction. ... -
Revenue cap regulation in a deregulated electricity market : effects on a grid company
(Discussion paper, Working paper, 2001)In Norway, an incentive-based regulation of electricity distribution companies, based on revenue caps, was introduced in 1997. The revenues are adjusted annually, and the new revenue cap is determined on the basis of last ... -
Aggregation of gravity models for journeys-to-work
(Discussion paper, Working paper, 2001)This paper deals with the use of gravity models to examine journeys-to-work. The purpose of the paper is to study very simple examples demonstrating that gravity models may be subject to serious misspecification in aggregate ...