This paper studies farmers who operate in a risky environment at a minimum level of subsistence. In particular is investigated how poverty influence their soil conse rvation decision in the absence of formal insurance ...

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 ...

Expected earnings are considered to influence individuals' choice of education. However, the presence of nonpecuniary attributes and the different choice set available to prospective students make identification of this ...

Abstract: We analyze how different ways of allocating emission quotas may influence the electricity market. Using a large-scale numerical model of the Western European energy market, we show that different allocation ...

This paper discusses the properties of price- and Cost-of-Living indexes that follow from specific assumptions about the structure of consumer preferences. Of particular interest are indexes for elementary aggregates. In ...

Abstract: This paper shows that tradable emissions permits and an emissions tax have a risk-related technology choice effect. We first examine the first- and second-order moments in the probability distributions of optimal ...

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and ...

Using variation across geographical regions, a number of studies from the U.S. and other developed countries have found more deaths in economic upturns and less deaths in economic downturns. We use data from regions in ...

We present a probabilistic forecast for the immigrant population of Norway and their Norwegian-born children (“second generation”) broken down by age, sex, and three types of country background: 1. West European countries ...

Norway has, like many other countries, experienced a growth in the development of single-region and multiregional economic models during the last ten years. The models are mainly used for planning purposes and forecasting ...