• Discounted cash flow and modern asset pricing methods : project selection and policy implications 

      Emhjellen, Magne; Alaouze, Chris M. (Working Paper, Working paper, 2002-06)
      We examine the differences in the net present values (NPV's) of North Sea oil projects obtained using the Weighted Average Cost of Capital (WACC) and a Modern Asset Pricing (MAP) method which involves the separate discounting ...
    • Project valuation when there are two cashflow streams 

      Emhjellen, Magne; Alaouze, Chris M. (Working Paper, Working paper, 2002-06)
      Some authors (Lewellen, 1977, Shall, 1972, Butters et al., 1987, Laughton and Jacoby, 1993, Jacoby and Laughton, 1992, Salahor, 1998) advocate the separate discounting of different cashflows when calculating net present ...
    • Risk exchange as a market or production game 

      Borglin, Anders; Flåm, Sjur Didrik (Working paper, Working paper, 2007-09)
      Risk exchange is considered here as a cooperative game with transferable utility. The set-up fits markets for insurance, securities and contingent endowments. When convoluted payoff is concave at the aggregate endowment, ...