Recent Submissions

  • Batteries in offshore support vessels – Pollution, climate impact and economics 

    Lindstad, Haakon Elizabeth; Eskeland, Gunnar; Rialland, Agathe Isabelle (Journal article; Peer reviewed, 2016)
    This paper assesses the pros and the cons of installing batteries on offshore support vessels. These vessels are specially designed to provide services to oil and gas operations, such as anchor handling, supply and subsea ...
  • 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 ...
  • Harvest control rules in modern fisheries management 

    Kvamsdal, Sturla F; Eide, Arne; Ekerhovd, Nils-Arne; Enberg, Katja; Gudmundsdottir, Asta; Hoel, Alf Håkon; Mills, Katherine E.; Mueter, Franz J.; Ravn-Jonsen, Lars; Sandal, Leif Kristoffer; Stiansen, Jan Erik; Vestergaard, Niels (Journal article; Peer reviewed, 2016)
    Harvest control rules have become an important tool in modern fisheries management, and are increasingly adopted to provide continuity in management practices, to deal with uncertainty and ecosystem considerations, and to ...
  • Perceived mortality and perceived morality: Perceptions of value-orientation are more likely when a decision is preceded by a mortality reminder 

    Nordmo, Mads; Norman, Elisabeth (Journal article; Peer reviewed, 2016)
    The questions addressed in this paper are whether and how reported mortality reminders can function as an indication of sincerity when communicating ambiguously motivated decisions. In two experiments, ...
  • The global potential for carbon capture and storage from forestry 

    Ni, Yuanming; Eskeland, Gunnar; Giske, Jarl; Hansen, Jan Petter (Journal article; Peer reviewed, 2016)
    Discussions about limiting anthropogenic emissions of CO2 often focus on transition to renewable energy sources and on carbon capture and storage (CCS) of CO2. The potential contributions from forests, forest products and ...
  • Some aspects of random utility, extreme value theory and multinomial logit models 

    Andersson, Jonas; Ubøe, Jan (Journal article; Peer reviewed, 2012)
    In this paper we give a survey on some basic ideas related to random utility, extreme value theory and multinomial logit models. These ideas are well known within the eld of spatial economics, but do not appear to be ...
  • Debt Shifting and Thin-Capitalization Rules – German Experience and Alternative Approaches 

    Ruf, Martin; Schindler, Dirk (Journal article; Peer reviewed, 2015)
    This paper presents the general design of thin-capitalization rules and summarizes the economic effects of such rules as identified in theoretical models. We review empirical studies providing evidence on the experience ...
  • Hvorfor kjøper bedrifter forsikring? 

    Nordahl, Helge A. (Journal article; Peer reviewed, 2015)
    De fleste bedrifter bruker forsikring som en del av sin risikostyring. For mange praktikere er dette en selvfølge, men klassiske teoretiske verk innen finans predikerer det motsatte, nemlig at bedriftene bør overlate til ...
  • Maritime Shipping and Emissions: A three-layered, damage based approach 

    Lindstad, Haakon; Eskeland, Gunnar; Psaraftis, Harilaos; Sandaas, Inge; Strømman, Anders Hammer (Journal article; Peer reviewed, 2015)
    Policy emphasis in ship design must be shifted away from global and idealized towards regional based and realistic vessel operating conditions. The present approach to reducing shipping emissions through technical standards ...
  • An experimental study of prosocial motivation among criminals 

    Cappelen, Alexander Wright; Sørensen, Erik Øiolf; Tungodden, Bertil; Birkeland, Sigbjørn (Journal article; Peer reviewed, 2014)
    The fact that criminal behavior typically has negative consequences for others provides a compelling reason to think that criminals lack prosocial motivation. This paper reports the results from two dictator game experiments ...
  • The Perpetual American Put Option for Jump-Diffusions 

    Aase, Knut K. (Journal article; Peer reviewed, 2010)
    We solve a specific optimal stopping problem with an infinite time horizon, when the state variable follows a jump-diffusion. The novelty of the paper is related to the inclusion of a jump component in this stochastic ...
  • Existence And Uniqueness Of Equilibrium In a Reinsurance Syndicate 

    Aase, Knut K. (Journal article; Peer reviewed, 2010)
    In this paper we consider a reinsurance syndicate, assuming that Pareto optimal allocations exist. Under a continuity assumption on preferences, we show that a competitive equilibrium exists and is unique. Our conditions ...
  • Valuation and Risk Management in the Norwegian Electricity Market 

    Bjerksund, Petter; Rasmussen, Heine; Stensland, Gunnar (Journal article; Peer reviewed, 2010)
    The purpose of this paper is twofold: Firstly, we analyse the option value approximation of traded options in the presence of a volatility term structure. The options are identified as: (a) “European” (written on the forward ...
  • Treating missing values in INAR(1) models: An application to syndromic surveillance data 

    Andersson, Jonas; Karlis, Dimitris (Journal article; Peer reviewed, 2010)
    Time-series models for count data have found increased interest in recent years. The existing literature refers to the case of data that have been fully observed. In this article, methods for estimating the parameters of ...
  • Stochastic Stackelberg equilibria with applications to time-dependent newsvendor models 

    Øksendal, Bernt; Sandal, Leif Kristoffer; Ubøe, Jan (Journal article; Peer reviewed, 2013)
    In this paper, we prove a maximum principle for general stochastic differential Stackelberg games, and apply the theory to continuous time newsvendor problems. In the newsvendor problem, a manufacturer sells goods to a ...
  • How electricity price spikes can help overcome the energy efficiency gap 

    Mauritzen, Johannes (Journal article; Peer reviewed, 2015)
    Using data on Google searches, I suggest that the spiky nature of electricity markets has a strong effect on searching for information on energy efficiency goods. I identify the informational effect by decomposing prices ...
  • The tyranny puzzle in social preferences: an empirical investigation 

    Cowell, Frank A.; Fleurbaey, Marc; Tungodden, Bertil (Journal article; Peer reviewed, 2015)
    When forming their preferences about the distribution of income, rational people may be caught between two opposite forms of “tyranny.” Giving absolute priority to the worst-off imposes a sort of tyranny on the rest of the ...
  • Give and take in dictator games 

    Cappelen, Alexander Wright; Nielsen, Ulrik H.; Sørensen, Erik Øiolf; Tungodden, Bertil; Tyran, Jean-Robert (Journal article; Peer reviewed, 2013)
    It has been shown that participants in the dictator game are less willing to give money to the other participant when their choice set also includes the option to take money. We examine whether this effect is due to the ...
  • Modeling Freight Markets for Coal 

    Ubøe, Jan; Andersson, Jonas; Jörnsten, Kurt; Strandenes, Siri Pettersen (Journal article; Peer reviewed, 2009)
    In this paper we study bulk shipping of coal between the central regions in the world. We compare the performance of cost-minimizing models with a gravity model approach. The main finding in the paper is that cost minimizing ...
  • Strategic Pricing of Commodities 

    Jörnsten, Kurt; Ubøe, Jan (Journal article; Peer reviewed, 2009)
    We consider a setting where a large number of agents are trading commodity bundles. Assuming that agents of the same type have a certain utility attached to each transaction, we construct a statistical equilibrium which ...

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