Now showing items 426-445 of 636

    • R & D investment responses to R & D subsidies : a theoretical analysis and a microeconometric study 

      Klette, Tor Jakob; Møen, Jarle (Discussion paper;2011:15, Working paper, 2011-09)
      Subsidies to the Norwegian high-tech industries have traditionally been given as matching grants , i.e. the subsidies are targeted, and the firms have to contribute a 50 % own risk capital to the subsidized projects. ...
    • R&D investments with competitive interactions 

      Miltersen, Kristian R.; Schwartz, Eduardo S. (Discussion paper, Working paper, 2002)
      In this article we develop a model to analyze patent-protected R&D investment projects when there is (imperfect) competition in the development and marketing of the resulting product. The competitive interactions that occur ...
    • Rational investor sentiment 

      Gerber, Anke; Hens, Thorsten; Vogt, Bodo (Discussion paper, Working paper, 2002-11)
      We explain excess volatility, short-term momentum and long-term reversal of asset prices by a repeated game version of Keynes' beauty contest. In every period the players can either place a buy or sell order on the asset ...
    • Real-time versus day-ahead market power in a hydro-based electricity market 

      Tangerås, Thomas P.; Mauritzen, Johannes (Discussion paper;06/14, Working paper, 2014-02)
      We analyse in a theoretical framework the link between real-time and day-ahead market performance in a hydro-based and imperfectly competitive wholesale electricity market. Theoretical predictions of the model are tested ...
    • Recursive utility and disappearing puzzles for continuous-time models 

      Aase, Knut K. (Discussion papers;2013/02, Working paper, 2013-05)
      Motivated by the problems of the conventional model in rational- izing market data, we derive the equilibrium interest rate and risk premiums using recursive utility in a continuous time model. Two ordinally equivalent ...
    • Recursive utility and jump-diffusions 

      Aase, Knut K. (Discussion paper;09/14, Working paper, 2014-03)
      We derive the equilibrium interest rate and risk premiums using recursive utility for jump-di usions. Compared to to the continuous version, including jumps allows for a separate risk aversion related to jump size risk ...
    • Recursive utility and jump-diffusions 

      Aase, Knut K. (Discussion paper;06/15, Working paper, 2015-01-30)
      We derive the equilibrium interest rate and risk premiums using recursive utility for jump-diffusions. Compared to to the continuous version, including jumps allows for a separate risk aversion related to jump size risk ...
    • Recursive utility and the equity premium puzzle: A discrete-time approach 

      Aase, Knut K. (Discussion papers;2013/03, Working paper, 2013-05)
      We study the Epstein-Zin model with recursive utility. Recognizing that recursive preferences implies that the underlying model is not Markovian, we use methods not depending upon the Markov property to solve the model. ...
    • Recursive utility using the stochastic maximum principle 

      Aase, Knut K. (Journal article; Peer reviewed, 2016)
      Motivated by the problems of the conventional model in rationalizing market data, we derive the equilibrium interest rate and risk premiums using recursive utility in a continuous-time model. We use the stochastic maximum ...
    • Recursive utility using the stochastic maximum principle 

      Aase, Knut K. (Discussion paper;03/14, Working paper, 2014-02)
      Motivated by the problems of the conventional model in rationalizing market data, we derive the equilibrium interest rate and risk premiums using recursive utility in a continuous time model. We consider ...
    • Redistributive taxation, multinational enterprises, and economic integration 

      Haufler, Andreas; Klemm, Alexander; Schjelderup, Guttorm (Discussion paper, Working paper, 2008-03)
      Increased activity of multinational firms exposes national corporate tax bases to cross-country profit shifting, but also leads to rising profitability of the corporate sector. We incorporate these two effects of economic ...
    • A re-examination of credit rationing in the Stiglitz and Weiss model 

      Su, Xunhua (Discussion paper, Working paper, 2010-11)
      To explain the widely observed phenomenon of credit rationing, Stiglitz and Weiss (1981) propose a theory of random rationing under imperfect information. With a simple model plausibly expanding the Stiglitz and Weiss ...
    • Reflections about pseudo-dual prices in combinatorial auctions 

      Drexl, Andreas; Jörnsten, Kurt (Discussion paper, Working paper, 2005-04)
      Combinatorial auctions permitting bids on bundles of items have been developed to remedy the exposure problem associated with single-item auctions. Given winning bundle prices a set of item prices is called market clearing ...
    • A regression surprise resolved 

      Lillestøl, Jostein; Andersson, Jonas (Discussion paper, Working paper, 2008-09)
      In this note we explore the following surprising fact: In regression with trend and seasonality, the prediction risk is constant for all seasons of a new cycle, despite the fact that it increases with time when the seasons ...
    • Regulating international debt shifting : a comparison of new Norwegian regulation with traditional thin-capitalization rules 

      Smith-Nilsen, Christian (Master thesis, 2014)
      Tax planning behavior, where debt is used to minimize the tax payments, has received considerable attention in Norway recently. To limit such tax planning behavior, several of Norway’s largest trading partners have ...
    • Relationship-specificity, bargaining power, growth, and firm performance 

      Bragelien, Iver; Impink, Joost (Discussion paper;04/14, Working paper, 2014-02)
      We investigate the relevance of relationship-specificity in explaining firm performance and firm value. First, we use an incomplete contracts model to derive hypotheses on how relationship-specificity interacts with ...
    • Relative performance evaluation, agent hold-up and firm organization 

      Kvaløy, Ola; Olsen, Trond E. (Discussion paper, Working paper, 2007-07)
      We analyze a situation where common noise makes compensation based on relative performance evaluation (RPE) desirable, but where the agents' ability to hold-up values ex post obstruct the implementation of optimal RPE ...
    • Rentebegrensningsregelen: en analyse av hvordan IKEA og Statkraft berøres av regelen 

      Solem, Anne Cathrine; Stemsrud, Olaug Risting (Master thesis, 2015)
      I de senere år har norske medier og myndigheter økt fokuset på multinasjonale selskapers skatteplanlegging. Multinasjonale selskap kan redusere sin skattebelastning ved å flytte overskudd fra land med høy skattesats til ...
    • Replication/prediction problems in the journey-to-work 

      Jörnsten, Kurt; Thorsen, Inge; Ubøe, Jan (Discussion paper, Working paper, 2002)
      In this paper we will consider gravity models for journeys-to-work. In applications of the theory it is sometimes assumed that the parameters in such models are fixed. We will provide examples to show that this is not ...