NHH Brage is the institutional repository at NHH Norwegian School of Economics .The repository holds master theses, doctoral theses, scientific articles and other Open Access publications created by the school's faculty and students.

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  • Intermittent Price Changes in Production Plants: Empirical Evidence using Monthly Data. 

    Nilsen, Øivind A.; Vange, Magne (DP SAM;22, Working paper, 2016-12)
    The price-setting behaviour of manufacturing plants is examined using a large panel of monthly surveyed plant- and product-specific prices. The sample shows a high frequency of zero changes, relatively small price changes, ...
  • Households’ responses to price changes of formal childcare. 

    Andersland, Leroy; Nilsen, Øivind A. (DP SAM; 20, Working paper, 2016-12)
    The current understanding about how households respond to price changes in formal childcare is not extensive. This study examines this response through a 1998 reform in Norway that introduced a money transfer to families ...
  • Price Changes - Stickiness and Internal Coordination in Multiproduct Firms. 

    Letterie, Wilko; Nilsen, Øivind A. (DP SAM;21, Working paper, 2016-12)
    We assess empirically the micro-foundations of producers’ sticky pricing behaviour. We account for various functional forms of menu costs. The focus is on the analysis of multiproduct plants, and the menu costs therefore ...
  • Determinants of long-term economic growth redux: A Measurement Error Model Averaging (MEMA) approach. 

    Doppelhofer, Gernot; Hansen, Ole-Petter Moe; Weeks, Melwyn (DP SAM: 19, Working paper, 2016-12)
    This paper estimates determinants of long-run growth rates of GDP per capita in a cross section of countries. We propose a novel Measurement Error Model Averaging (MEMA) approach that accounts for measurement error in ...
  • Teams in Relational Contracts 

    Kvaløy, Ola; Olsen, Trond E. (Discussion paper;23/16, Working paper, 2016-12-16)
    We analyze relational contracting between a principal and a team of agents where only aggregate output is observable. We deduce optimal team incentive contracts under di¤erent set of assumptions, and show that the principal ...
  • My first employee: an empirical investigation 

    Coad, Alex; Nielsen, Kristian; Timmermans, Bram (Journal article; Peer reviewed, 2016)
    The challenge for solo entrepreneurs to add their first employee is arguably the single biggest growth event facing any growing firm. To understand how this event affects performance, and the antecedents of hiring, we ...
  • 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 ...
  • Explaining the gender wage gap: Estimates from a dynamic model of job changes and hours changes. 

    Liu, Kai (Journal article; Peer reviewed, 2016)
    I address the causes of the gender wage gap with a new dynamic model of wage, hours, and job changes that permits me to decompose the gap into a portion due to gender differences in preferences for hours of work and in ...
  • Recursive utility using the stochastic maximum principle 

    Aase, Knut Kristian (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 ...
  • Non-parametric estimation of conditional densities: A new method 

    Otneim, Håkon; Tjøstheim, Dag (Discussion paper;22/16, Working paper, 2016-12-07)
    Let X = (X1,...,Xp) be a stochastic vector having joint density function fX(x) with partitions X1 = (X1,...,Xk) and X2 = (Xk+1,...,Xp). A new method for estimating the conditional density function of X1 given X2 is presented. ...
  • Batteries in Offshore Support vessels - Pollution, climate impact and economics 

    Lindstad, Haakon Elizabeth; Eskeland, Gunnar S.; Rialland, Agathe (Discussion paper;21/16, Working paper, 2016-12-07)
    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 ...
  • A bridge between continuous and discrete-time bioeconomic models: Seasonality in fisheries 

    Kvamsdal, Sturla F.; Maroto, José M.; Morán, Manuel; Sandal, Leif K. (Discussion paper;20/16, Working paper, 2016-11-30)
    We develop a discretization method for continuous-time bioeconomic models. Based on this method, we develop a discrete-time bioeconomic model to analyze seasonality in fisheries. The discretization method consists of three ...
  • A Bellman approach to periodic optimization problems 

    Kvamsdal, Sturla F.; Maroto, José M.; Morán, Manuel; Sandal, Leif K. (Discussion paper;19/16, Working paper, 2016-11-30)
    We consider an infinite horizon optimization problem with arbitrary but finite periodicity in discrete time. The problem can be formulated as a fix-point problem for a contraction operator, and we provide a solution scheme ...
  • Cutthroat capitalism versus cuddly socialism: Are Americans more meritocratic and efficiency-seeking than Scandinavians? 

    Almås, Ingvild; Cappelen, Alexander; Tungodden, Bertil (DP SAM;18/2016, Working paper, 2016-11-29)
    There is a striking difference in income inequality and redistributive policies between the United States and Scandinavia. To study whether there is a corresponding cross-country difference in social preferences, we ...
  • Job Loss and Regional Mobility. 

    Huttunen, Kristiina; Møen, Jarle; Salvanes, Kjell G. (DP SAM;17/2016, Working paper, 2016-11-29)
    It is well documented that displaced workers suffer severe earnings losses, but not why this is so. One reason may be that workers are unable or unwilling to move to regions with better employment opportunities. We study ...
  • Childhood Nutrition and Labor Market Outcomes: Evidence from a School Breakfast Program 

    Bütikofer, Aline; Mølland, Eirin; Salvanes, Kjell G. (DP SAM;15/2016, Working paper, 2016-11-29)
    While a growing literature documents the short-term effects of public programs providing children with nutritious food, there is scarce evidence of the long-term eects of such programs. This paper studies the long-term ...
  • Do Fossil fuel Taxes Promote Innovation in Renewable Electricity Generation? 

    Lazkano, Itziar; Pham, Linh (DP SAM;16/2016, Working paper, 2016-11-29)
    We evaluate the role of a fossil fuel tax and research subsidy in directing innovation from fossil fuel toward renewable energy technologies in the electricity sector. Using a global firm-level electricity patent database ...
  • Cultural Adaptation in Cross-National Buyer-Seller Relationships - a study of Russian Buyers and Norwegian Sellers of Seafood 

    Voldnes, Gøril; Grønhaug, Kjell (Journal article; Peer reviewed, 2015)
    Purpose The purpose of this paper is to investigate how buyers and sellers in cross-cultural business relationships manage cultural differences to ensure functional, successful business relationships. Failure to consider ...
  • Electricity Prices, Large-Scale Renewable Integration, and Policy Implications 

    Kyritsis, Evangelos; Andersson, Jonas; Serletis, Apostolos (Discussion paper;18/16, Working paper, 2016-11-22)
    This paper investigates the effects of intermittent solar and wind power generation on electricity price formation in Germany. We use daily data from 2010 to 2015, a period with profound modifications in the German electricity ...
  • The Impact of Bunker Risk Management on CO2 Emissions in Maritime Transportation Under ECA Regulation 

    Gu, Yewen; Wallace, Stein W.; Wang, Xin (Discussion paper;17/16, Working paper, 2016-11-16)
    The shipping industry carries over 90 percent of the world’s trade, and is hence a major contributor to CO2 and other airborne emissions. As a global effort to reduce air pollution from ships, the implementation of the ECA ...

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