Discussion Papers
Recent Submissions
-
Secondary Benefits of the EC Carbon/Energy Tax
(Discussion papers;104, Working paper, 1993-11)Emissions of CO2, SO2 and NO are all closely linked to burning of fossil fuels. Here we report on simulations done by linking a Sectoral European Energy Model (SEEM) covering energy demand in nine Western European countries ... -
"Green National Product": Good Intentions, Poor Device?
(Discussion papers;103, Working paper, 1993-11)Quite a few economists have recently suggested that net national product should be adjusted for the value of environmental damages. One of the aims of such corrections is to establish a national income measure which is ... -
Smart hedging against carbon leakage
(Discussion papers;920, Working paper, 2019-11)Policy makers in the EU and elsewhere are concerned that unilateral carbon pricing induces carbon leakage through relocation of emission-intensive and trade-exposed industries to other regions. A common measure to mitigate ... -
Precautionary Saving and Old-Age Pensions
(Discussion papers;108, Working paper, 1994-02)A precautionary saving model is extended to include old-age pensions and provides the framework for an empirical analysis of the relation between old-age pensions and private consumption. Norwegian macrodata for socioeconomic ... -
Foreign Control and Norwegian Manufacturing Performance
(Discussion papers;111, Working paper, 1994-04)The intangible asset theory of foreign direct investment holds that firms expand abroad to garner additional returns to intangible assets such as proprietary process or product technology or a strong reputation. I explore ... -
Correlated Measurement Errors, Bounds on Parameters, and a Model of Producer Behavior
(Discussion papers;112, Working paper, 1994-04)We examine estimation of a model of producer behavior in the presence of correlated measurement errors in the regressors. Scale economies and price-cost margins are estimated from a set of panel data for manufacturing ... -
Sufficient Welfare Indicators. Allowing Disagreement in Evaluations of Social Welfare
(Discussion papers;119, Working paper, 1994-06)There is no consensus on how to measure interpersonally comparable, cardinal utility. Despite of this, people repeatedly make welfare evaluations in their everyday lives. However, people do not always agree on such ... -
The Existence of Factor Substitution in the Primary Aluminium Industry. A Multivariate Error Correction Approach on Norwegian Panel Data
(Discussion papers;106, Working paper, 1993-12)This paper presents an econometric analysis of factor demands in the Norwegian primary aluminium industry using annual panel data for individual plants. Focus is on testing theoretical and technical restrictions. The ... -
Investment and Financial Constraints. An Empirical Analysis of Norwegian Firms
(Discussion papers;109, Working paper, 1994-02)This paper investigates the relationship between a firm's investment decision and its financial situation. We present a model of investment, where the cost of external finance is increasing in the debt ratio. The model is ... -
Depletion of Fossil Fuels and the Impacts of Global Warming
(Discussion papers;107, Working paper, 1994-02)This paper combines the theory of optimal extraction of exhaustible resources with the theory of greenhouse externalities, to analyse problems of global warming when the supply side is considered. The optimal carbon tax ... -
The Volatility of Oil Wealth under Uncertainty about Parameter Values
(Discussion papers;110, Working paper, 1994-04)Aslaksen et al. (1990) concluded that the petroleum wealth of Norway, and hence the permanent income from petroleum extraction, was as uncertain as the yearly oil revenues. Their conclusion was based on wealth estimates ... -
Car ownership decisions in Norwegian Households
(Discussion papers;116, Working paper, 1994-05)In this paper, household's decisions regarding how many private cars to own are analyzed. The analysis is based on a particular multinominal logit type formulation that is consistent with a Stone-Geary utility function. ... -
Utilitarism, Equivalence Scales and Logarithmic Utility
(Discussion papers;118, Working paper, 1994-05)It is shown that if social welfare is the sum of logarithmic utility function, the optimal income distribution and the welfare effect of any income redistribution is independent of the equivalence scales. In optimum all ... -
Car Ownership and Private Car Use. A Microeconometric Analysis Based on Norwegian Data
(Discussion papers;113, Working paper, 1994-04)In this paper we analyze household's car ownership and private car use decisions in a model proposed by de Jong (1990). The model, which incorporates variable and fixed costs of car use, can be used to predict the effects ... -
Impacts of hospital wait time on patient health and labor supply
(Discussion papers;919, Working paper, 2019-11)We estimate the effects of wait time for orthopedic surgery on health and labor market outcomes of Norwegian workers. Our identification strategy exploits variation in wait times for surgery generated by the idiosyncratic ... -
R&D, Scope Economies and Company Structure. A "Not-so-Fixed Effect" Model of Plant Performance
(Discussion papers;120, Working paper, 1994-06)Some well-known correlations between R&D and performance are given a somewhat new interpretation in this paper. I present an alternative model of knowledge accumulation, with some interesting and desirable properties. ... -
Do Norwegian Firms Form Extrapolative Expectations?
(Discussion papers;126, Working paper, 1994-09)The hypothesis of extrapolative expectations 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 ... -
The Inconsistency of Common Scales Estimators when Output Prices are Unobserved and Endogenous
(Discussion papers;127, Working paper, 1994-10)This paper explores the inconsistency of common scale estimators when output is proxied by deflated sales, based on a common output deflator across firms. The problems arise when firms operate in an imperfectly competitive ... -
A Generalization of Hall's Specification of the Consumption function
(Discussion papers;121, Working paper, 1994-07)This paper deals with optimal consumption over time. The starting point is a dynamic utility function which is exponential where the exponent is quadratic in the observable consumption outlays. The approach is shown to be ... -
On Equity and Public Pricing in Developing Countries
(Discussion papers;123, Working paper, 1994-08)With address to developing countries, this paper derives some formulae for the optimal price structure for publicly provided private goods. A general equilibrium model is examined, which makes it possible to incorporate ...
RSS 2.0