Nye registreringer

  • Relational Contracting, Negotiation, and External Enforcement 

    Miller, David; Olsen, Trond E.; Watson, Joel (Discussion paper;8/18, Working paper, 2018-05-18)
    We study relational contracting and renegotiation in environments with external enforcement of long-term contractual arrangements. An external, long-term contract governs the stage games the contracting parties will play ...
  • Matematikk og statistikk som metodefag ved NHH: De første femti år 

    Lillestøl, Jostein (Discussion paper;7/18, Working paper, 2018-05-15)
    Denne rapporten gir en oversikt over utviklingen av matematikk og statistikk som metodefag i studiene ved Norges Handelshøyskole, fra starten i 1936 og 50 år framover til omlag 1986. Spesiell vekt er lagt på perioder da ...
  • Relational Incentive Contracts and Performance Measurement 

    Chi, Chang Koo; Olsen, Trond E. (Discussion paper;6/18, Working paper, 2018-04-30)
    This paper analyzes relational contracts under moral hazard. We first show that if the available information (signal) about effort satisfies a generalized monotone likelihood ratio property, then irrespective of whether ...
  • Wealth Taxation, Non-listed Firms, and the Risk of Entrepreneurial Investment 

    Schindler, Dirk (Discussion paper;5/18, Working paper, 2018-04-27)
    How to incorporate hard-to-value assets into the wealth tax? We analyze the effect of an optimal wealth tax on risk-taking behavior and welfare when investors do not only have the standard portfolio choice with a ...
  • Measuring Market Power in Gasoline Retailing: A Market- or Station Phenomenon? 

    Nguyen-Ones, Mai; Steen, Frode (Discussion paper;4/18, Working paper, 2018-04-19)
    Applying detailed consecutive daily micro data at the gasoline station level from Sweden we estimate a structural model to uncover the degree of competition in the gasoline retail market. We find that retailers do exercise ...
  • What Do You Buy When No One’s Watching? The Effect of Self-Service Checkouts on the Composition of Sales in Retail 

    Olden, Andreas (Discussion paper;3/18, Working paper, 2018-03-16)
    Buying items that are unhealthy or are of a private nature may carry a stigma and cause embarrassment. I analyze whether the anonymity provided by self-service checkouts changes customers' shopping patterns in grocery ...
  • Seasonality matters: a multi-season, multi-state dynamic optimization in fishery 

    Ni, Yuanming; Sandal, Leif K. (Discussion paper;2/18, Working paper, 2018-02-12)
    Many biological and economic processes in fishery happen seasonally. Most of the extant literature tends to neglect this fact. This work is an initial attempt to treat seasonality in a systematic and proper way. We apply ...
  • The value of foresight in the drybulk freight market 

    Prochazka, Vit; Adland, Roar; Wallace, Stein W. (Discussion paper;1/18, Working paper, 2018-01-31)
    We analyze the value of foresight in the drybulk freight market when repositioning a vessel through space and time. In order to do that, we apply an optimization model on a network with dynamic regional freight rate ...
  • Creaming - and the depletion of resources: A Bayesian data analysis 

    Lillestøl, Jostein; Sinding-Larsen, Richard (Discussion paper;16/17, Working paper, 2017-11-16)
    This paper considers sampling in proportion to size from a partly unknown distribution. The applied context is the exploration for undiscovered resources, like oil accumulations in different deposits, where the most promising ...
  • Oil Prices and the Renewable Energy Sector 

    Kyritsis, Evangelos; Serletis, Apostolos (Discussion paper;15/17, Working paper, 2017-11-14)
    Energy security, climate change, and growing energy demand issues are moving up on the global political agenda, and contribute to the rapid growth of the renewable energy sector. In this paper we investigate the effects ...
  • Market Power Under Nodal and Zonal Congestion Management Techniques 

    Bjørndal, Endre; Bjørndal, Mette; Rud, Linda; Rahimi Alangi, Somayeh (Discussion paper;14/17, Working paper, 2017-11-07)
    Contrary to the common thought that nodal pricing provides more opportunities for a strategic player to exert market power than the zonal model, we show that in the latter one because of the need for re-dispatch or ...
  • Scrubber: a potentially overestimated compliance method for the Emission Control Areas - The importance of involving a ship's sailing pattern in the evaluation 

    Gu, Yewen; Wallace, Stein W. (Discussion paper;13/17, Working paper, 2017-10-30)
    Different methods for sulphur emission reductions, available to satisfy the latest Emission Control Areas (ECA) regulations, may lead to different sailing patterns (route and speed choices of a vessel) and thus have ...
  • Stochastic programs with binary distributions: Structural properties of scenario trees and algorithms 

    Prochazka, Vit; Wallace, Stein W. (Discussion paper;12/17, Working paper, 2017-10-27)
    Binary random variables often refer to such as customers that are present or not, roads that are open or not, machines that are operable or not. At the same time, stochastic programs often apply to situations where penalties ...
  • Coalition Formation with Externalities: The Case of the Northeast Atlantic Mackerel Fishery in a Pre and Post Brexit Context 

    Toumasatos, Evangelos; Steinshamn, Stein Ivar (Discussion paper;11/17, Working paper, 2017-10-18)
    In this paper we apply the so-called partition function approach to study coalition formation in the North-east Atlantic mackerel fishery in the presence of externalities. Atlantic mackerel is mainly exploited by the ...
  • Strategic Technology Switching under Risk Aversion and Uncertainty 

    Sendstad, Lars Hegnes; Chronopoulos, Michail (Discussion paper;10/17, Working paper, 2017-09-12)
    Sequential investment opportunities or the presence of a rival typically hasten investment under risk neutrality. By contrast, greater price uncertainty or risk aversion increase the incentive to postpone investment in the ...
  • The Effects of a Day Off from Retail Price Competition: Evidence on Consumer Behavior and Firm Performance in Gasoline Retailing 

    Foros, Øystein; Nguyen, Mai Thi; Steen, Frode (Discussion paper;9/17, Working paper, 2017-07-06)
    First, we analyze how regular days off from competition and a time-dependent price pattern affect firm performance. Second, we examine the effects on firms' profitability from consumers’ changing search- and timing behavior. ...
  • Sulphur Abatement Globally in Maritime Shipping 

    Lindstad, Elizabeth; Rehn, Carl Fredrik; Eskeland, Gunnar S. (Discussion paper;8/17, Working paper, 2017-06-29)
    In 2016, the International Maritime Organization (IMO) decided on global regulations to reduce sulphur emissions to air from maritime shipping starting 2020. The regulation implies that ships can continue to use residual ...
  • The Zero Lower Bound and Market Spillovers: Evidence from the G7 and Norway 

    Kyritsis, Evangelos; Serletis, Apostolos (Discussion paper;7/17, Working paper, 2017-05-31)
    This paper investigates mean and volatility spillovers between the crude oil market and three financial markets, namely the debt, stock, and foreign exchange markets, while providing international evidence from each of the ...
  • Tre grupper skatteytere i søkelyset: Har de ulike kjennetegn? 

    Andersson, Jonas; Lillestøl, Jostein (Discussion paper;5/17, Working paper, 2017-03-31)
    Denne rapporten analyserer data for tre grupper av skatteytere som har vært i skatteetatens søkelys: Skatteytere som etter skatteamnesti har meldt seg frivillig med opplysninger om tidligere uoppgitt skattbar inntekt eller ...
  • Profitable Robot Strategies in Pari‐Mutuel Betting 

    Bjerksund, Petter; Stensland, Gunnar (Discussion paper;6/17, Working paper, 2017-04-07)
    We have collected odds and results from 7 474 horse races in Norway and Sweden for a period of approximately 1.5 years. Based on the odds from the win game, we construct a profitable betting strategy for the corresponding ...

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