Assuming that the solutions of a set of restrictions on the rational expectations of future values can be represented as a vector autoregressive model, we study the implied restrictions on the coefficients. Nonstationary ...

The rational expectations hypothesis (REH) is tested directly using Norwegian microeconomic data on firms' expectations of the prices of own products in domestic and export markets and expectations of demand for own products ...

Trysil er ikke bare blant kommunene med flest hytter her i landet. Der bygges det også flere hytter enn i noen annen kommune. I Norge stiger tallet på igangsatte fritidsbygninger for hvert år, og det gjennomsnittlige arealet ...

Abstract: The dual income tax provides the self-employed individual with large incentives to participate in tax minimizing income shifting. The present paper analyses the income shifting incentives under the Norwegian ...

In most applied cost-benefit analyses, individual willingness to pay is aggregated without using explicit welfare weights. This can be justified by postulating a utilitarian social welfare function, along with the assumption ...

This paper investigates if the Norwegian wealth tax imposes capital constraints on small privately held businesses. A panel of 31,428 Norwegian firms from 2005 to 2009 is used to estimate two models of capital constraints. ...

Abstract: The clean development mechanism of the Kyoto Protocol may induce technological change in developing countries. As an alternative to the clean development mechanism regime, developing countries may accept a ...

After decades with landfill and incineration as the most common waste treatment methods, the current main waste policy strategy has changed toward recycling. Also, most governments declare that source reduction, to reduce ...