• Exit dynamics of start-up firms. Does profit matter? 

      Golombek, Rolf; Raknerud, Arvid (Discussion papers;706, Working paper, 2012-10)
      While little attention has been paid to the role of profitability in the empirical literature on firm exit, we employ a detailed recently established database of Norwegian manufacturing firms to identify the extent to which ...
    • Exit dynamics with adjustment costs 

      Golombek, Rolf; Raknerud, Arvid (Discussion Papers;No. 442, Working paper, 2005)
      Abstract: We use the Stock and Wise approximation of stochastic dynamic programming in order to identify the extent to which profitability can explain exit behavior. In our econometric model, heterogeneous firms engage ...
    • Exit dynamics with rational expectations 

      Raknerud, Arvid; Golombek, Rolf (Discussion Papers;No. 291, Working paper, 2000)
      Abstract: We develop an econometric model for firm exit, using stochastic dynamic programming (SDP) as a starting point. According to SDP, the value of an operating firm can be written as the sum of (i) the net present ...
    • Globalisation of natural gas markets : effects on prices and trade patterns 

      Aune, Finn Roar; Rosendahl, Knut Einar; Sagen, Eirik Lund (Discussion Papers;No. 559, Working paper, 2008)
      Abstract: The regional natural gas markets are expected to gradually become more integrated. The major driving forces are lower LNG costs, more spot trade, and increased need for imports into the US and other key markets. ...
    • Sectoral and regional expansion of emissions trading 

      Böhringer, Christoph; Dijkstra, Bouwe; Rosendahl, Knut Einar (Discussion Papers;No. 654, Working paper, 2011)
      Abstract: We consider an international emissions trading scheme with partial sectoral and regional coverage. Sectoral and regional expansion of the trading scheme is beneficial in aggregate, but not necessarily for ...
    • Strategic partitioning of emissions allowances : under the EU Emission Trading Scheme 

      Böhringer, Christoph; Rosendahl, Knut Einar (Discussion Papers;No. 538, Working paper, 2008)
      Abstract: The EU Emission Trading Scheme (ETS) is breaking new ground in the experience with emission trading regimes across multiple jurisdictions. Since the EU ETS covers only some industries, it implies a hybrid emission ...
    • The Global natural gas market. Will transport cost reductions lead to lower prices? 

      Rosendahl, Knut Einar; Sagen, Eirik Lund (Discussion Papers;No. 523, Working paper, 2007)
      Abstract: Reduced transportation costs are usually associated with lower import prices, increased trade and price convergence. In this paper we show that the lower costs can actually lead to higher import prices in some ...
    • The importance of volatility in inflow in a deregulated hydro-dominated power market 

      Bye, Torstein; Bruvoll, Annegrete; Aune, Finn Roar (Discussion Papers;No. 472, Working paper, 2006)
      Abstract: In 2002/2003, the Nordic hydro-dominated power market faced a short-term supply shock. In autumn, precipitation and inflow were unusually low. As a result, there were record high prices in the following winter. ...