• Fuel choice and the demand for natural gas in Western European households 

      Bartlett, Sarita; Dagsvik, John K.; Olsen, Øystein; Strøm, Steinar (Discussion Paper;No. 23, Working paper, 1987)
      The paper presents an econometric model for analysing natural gas demand for space heating in the residential sector in Weste rn Europe. A discrete-continuous • dynamic choice model is specified. Households' decisions ...
    • Stochastic properties and functional forms in life cycle : models for transitions into and out of employment 

      Dagsvik, John K.; Aaberge, Rolf (Discussion Papers;No. 24, Working paper, 1987)
      The paper discusses a justification for a particular econometric framework for analysing transitions into and out of employment in an intertemporal context with uncertainty. The analysis extends the models found in the ...
    • Econometric analysis of labor supply in a life cycle context with uncertainty 

      Dagsvik, John K. (Discussion Papers;No. 21, Working paper, 1987)
      The paper considers a recent econometric approach for analysing labor supply in a life cycle context. The model we present extends MaCurdy's (1982) model in that the wage rate is assumed to depend on previous labor market ...
    • What are the options for non-OPEC producing countries? 

      Berger, Kjell; Bjerkholt, Olav; Olsen, Øystein (Discussion Paper;No. 26, Working paper, 1987)
      This paper discuss medium- and long term strategies for non-OPEC oil producing countries highly dependent on petroleum revenues. First a picture of the international oil market of the 1990s is outlined. Then we look at ...
    • A dynamic supply side game applied to the european gas market 

      Brekke, Kjell Arne; Gjelsvik, Eystein; Vatne, Bjørn Helge (Discussion Paper;No. 22, Working paper, 1987-07-16)
      This paper discusses optimal investment plans for large gas exporters to Western Europe. We discuss market power on the supply side, while assuming price taker behaviour on the demand side. A static game approach is ...
    • Taxing or subsidising an exporting industry? 

      Klette, Tor Jakob (Discussion Paper;No. 25, Working paper, 1987-10-16)
      This paper analyses whether a welfare maximizing government should tax or subsidize the home firms in an industry characterized by. oligopolistic competition and differentiated products. The home firms are assumed to ...
    • A modification of Heckman's two stage estimation procedure that is applicable when the budget set is convex 

      Dagsvik, John K. (Discussion Paper;No. 28, Working paper, 1987-12)
      The paper develops a simple estimation procedure for a labor supply model with non-linear convex budget set. The procedure is an extension of Heckman's two stage method. The asymptotic properties of the estimators are derived.
    • Depletion of large gas fields with thin oil layers and uncertain stocks 

      Aaheim, Asbjørn (Discussion Paper;No. 27, Working paper, 1987-12-09)
      The optimal depletion policy for a combined oil and gas field is studied under the assumption that if oil is to be extractéd, it has to be depleted before production of gas can start. In particular, focus is put on ...
    • Investment booms in an oil economy - the Norwegian case 

      Berger, Kjell; Cappelen, Ådne; Svendsen, Ingvild (Discussion Paper;No. 29, Working paper, 1988-02)
      This paper discuss medium term effects on the Norwegian economy of alternative investment profiles in the petroleum sector. Following a brief discussion of the relevance of theories of optimal extraction we present three ...
    • The continuous generalized extreme value model with special reference to static models of labor supply 

      Dagsvik, John K. (Discussion Paper;No. 31, Working paper, 1988-02)
      The paper extends the generalized extreme value random utility model (McFadden, 1981) to the case where the choice set is continuous. One particular area of application is treated, namely the static models of labor supply. ...
    • Estimating change in a proportion by combining measurements from a true and a fallible classifier 

      Swensen, Anders Rygh (Discussion Paper;No. 30, Working paper, 1988-03)
      Consider a binary classification of a large population at two points in time. The classification is observed with error for the whole population using a fallible classifier and without error for a random sample using an ...
    • The Oil market as an oligopoly 

      Berger, Kjell; Hoel, Michael; Holden, Steinar; Olsen, Øystein (Discussion Paper;No. 32, Working paper, 1988-03)
      This paper treats the oil market as an oligopoly with a competitive fringe. The oligopoly is assumed to consist of Egypt, Oman, Mexico, Malaysia and Norway plus all OPEC members. The remaining oil producing countries are ...
    • Production - demand adjustment in Norwegian manufacturing: A quarterly error correction model 

      Biørn, Erik; Olsen, Hilde (Discussion Paper;No. 35, Working paper, 1988-05)
      In this paper, we specify a general error correction equation for seasonally unadjusted data, with an arbitrary number of regressors. Special attention is paid to the specification of trend and seasonal filters, which have ...
    • Non-convex budget set, hours restriction and labour supply in Sweden 

      Anderson, Irene A. K.; Dagsvik, John K.; Strøm, Steinar; Wennemo, Tom (Discussion Paper;No. 33, Working paper, 1988-05)
      This paper presents the results of a labor supply study based on Swedish labor market data and data from filled-in tax returns. The model is designed to deal with non-convex budget sets (implied by the tax and social ...
    • A note on myopic decision rules in the neoclassical theory of producer behaviour 

      Holmøy, Erling; Olsen, Øystein (Discussion Paper;No. 34, Working paper, 1988-05)
      The paper presents a theoretical framework for analysing investment behaviour in a perfect neoclassical environment. The model distinguishes explicitly between capital units of different age. In coherence with the neoclassical ...
    • A labor supply model for married couples with non-convex budget sets and latent rationing 

      Dagsvik, John K.; Strøm, Steinar (Discussion Paper;No. 36, Working paper, 1988-06)
      The basic assumption in this paper is that individuals make their choices from a set of latent discrete alternatives, called matches. Given the match, hours of work, wages and non-pecuniary characteristics follow. This ...
    • Problems of linking single-region and multiregional economic models 

      Skoglund, Tor; Stokka, Arne (Discussion Paper;No. 37, Working paper, 1988-09)
      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 ...
    • The Norwegian aluminium industry, electricity prices and welfare 

      Klette, Tor Jakob (Discussion Paper;No. 38, Working paper, 1988-10)
      This paper presents a partial equilibrium analysis of the changes in the the Norwegian aluminium industry which would follow if the industry was faced with higher electricity prices. The industry is modelled as an imperfectly ...
    • Optimal sequencing of hydroelectric and thermal power generation under energy price uncertainty and demand fluctuations 

      Aslaksen, Iulie; Bjerkholt, Olav; Brekke, Kjell Arne (Discussion Paper;No. 39, Working paper, 1988-10)
      The choice between hydro and thermal power in electricity supply is analyzed under stochastic demand and stochastic fuel cost. The first formulation gives rise to an optimal stopping problem, where the investment in hydro ...
    • Engel functions, panel data and latent variables 

      Aasness, Jørgen; Biørn, Erik; Skjerpen, Terje (Discussion Paper;No. 41, Working paper, 1988-12)
      A system of consumer expenditure functions is estimated from Norwegian household budget data. Specific features o f our approach are: (I) Panel data on individual households are used, which offer far richer opportunities ...