Blar i Discussion papers (FOR) på emneord "VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212"
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A partner in crime : assortative matching and bias in the crime market
(Discussion papers;25/14, Working paper, 2014-06)I identify a discriminatory bias in partnership formation within the property crime mar- ket in the United States. Theoretically, the prisoner's dilemma creates an incentive for a criminal to form a partnership with a ... -
Abusive transfer pricing and economic activity
(Discussion papers;21/14, Working paper, 2014-05)This paper investigates how concealment costs of transfer pricing and the prob- ability of detection affect transfer pricing and firm behavior. We find that transfer pricing in intermediate production factors does not ... -
An agent-based computational approach to explaining persistent spatial unemployment disparities
(Discussion paper, Working paper, 2008-09)This paper explores possible reasons for persistent spatial unemployment disparities using agent-based computational methods. The method relies on observing the actions of thousands of individuals within an artificial ... -
An arbitrary benchmark CAPM : one additional frontier portfolio is sufficient
(Discussion paper, Working paper, 2008-10)The benchmark CAPM linearly relates the expected returns on an arbitrary asset, an arbitrary benchmark portfolio, and an arbitrary MV frontier portfolio. The benchmark is not required to be on the frontier and may be ... -
Capital structure and international debt shifting: a comment
(Discussion paper, Working paper, 2008-08)In a recent article, Huizinga, Laeven and Nicodème (2008) present a novel model that motivates an extensive empirical analysis of international debt shifting. We point out that the model fails to account for internal ... -
Congested interregional infrastructure, road pricing and regional labour markets
(Discussion paper, Working paper, 2009-04) -
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 ... -
Efficiency enhancing taxation in two-sided markets
(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) ... -
Gas storage valuation : price modelling v. optimization methods
(Discussion paper, Working paper, 2008-10)The existence of a financial gas market motivates the analysis of gas storage as a separate asset, using the market value context for utilization and valuation. In the recent literature, gas storage is typically analysed ... -
Gasoline prices jump up on Mondays : an outcome of aggressive competition?
(Discussion paper, Working paper, 2009-04)This paper examines Norwegian gasoline pump prices using daily station-specific observations from March 2003 to March 2006. Whereas studies that have analyzed similar price cycles in other countries find support for the ... -
Global warming and international fishery management : does anticipation of the temperature change matter?
(Discussion paper, Working paper, 2010-12)This paper investigates the effects of climate-induced rising of ocean temperature on the optimal fishing policies in a two players’ non-cooperative game setting. We compare reactive management, under which the manager ... -
Heterogeniety and limited stock market participation
(Discussion paper;05/14, Working paper, 2014-02)We derive the equilibrium interest rate and risk premiums using recursive utility with heterogeneity in a continuous time model. Two ordinally equivalent versions are considered, each associated with a di erent set of ... -
Human capital, multiple income risk and social insurance
(Discussion paper, Working paper, 2008-09)We set up an OLG-model, where households both choose human capital investment and decide on investing their endogenous savings in a portfolio of riskless and risky assets, exposing them to (aggregate) wage and capital risks ... -
The impact of pecuniary costs on commuting flows
(Discussion paper, Working paper, 2010-05) -
Intergenerational Effects of Guaranteed Pension Contracts
(Discussion paper, Working paper, 2006-09)In this paper we show that there exist an intergenerational cross-subsidization effect in guaranteed interest rate life and pension contracts as the different generations partially share the same reserves. Early generations ... -
Market power in a power market with transmission constraints
(Discussion papers;29/14, Working paper, 2014-06)In this paper we present a model for analysing the strategic behaviour of a generator and its short run implications on an electricity network with transmission constraints. The problem is formulated as a Stackelberg ... -
Modeling international financial returns with a multivariate regime switching copula
(Discussion paper, Working paper, 2008-03)In order to capture observed asymmetric dependence in international financial returns, we construct a multivariate regime-switching model of copulas. We model dependence with one Gaussian and one canonical vine copula ... -
Nodal pricing in a coupled electricity market
(Arbeidsnotat;27/14, Working paper, 2014-06)This paper investigates a pricing model for an electricity market with a hybrid congestion management method, i.e. part of the system applies a nodal pricing scheme and the rest applies a zonal pricing scheme. The model ... -
Optimal Pension Insurance Design
(Discussion paper, Working paper, 2006-09)In this paper we provide a framework for how the traditional life and pension contracts with a guaranteed rate of return can be optimized to increase customers’ welfare. Given that the contracts have to be priced correctly, ...