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Choice among lotteries when preferences are stochastic
Discussion Papers no. 221
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Choice among lotteries when preferences are stochastic
Discussion Papers no. 221
This paper discusses the problem of specifying probabilistic models for choices (strategies) with uncertain outcomes. The point of departure is an extension of the axiom system of the von Neumann-Morgenstern Expected utility theory to the...
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Economic fluctuations in a small open economy
Discussion Papers no. 215
This paper analyses the role of real and nominal shocks in explaining business cycles in a small open economy like that of Norway. In particular, we study the sources behind real exchange rate fluctuations since the collapse of the Bretto...
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The pattern of household savings during hyperinflation
Discussion Papers no. 217
This paper presents evidence on household savings in urban regions of the Chinese provinces Sichuan and Liaoning based on data from the State Statistical Bureau's Urban Household Survey for the late 1980s. In this period the Chinese econo...
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A note on post-stratification when analyzing binary survey data subject to non-response
Discussion Papers no. 218
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From growth theory to technology policy
Discussion Papers no. 219
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Synthetic graphical modelling of binary panel data subject to non-response
Discussion Papers no. 220
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The pattern of household savings during hyperinflation
Discussion Papers no. 217
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Did Norway gain from the 1979-85 oil price shock?
Discussion Papers no. 210
Macroeconomic effects of the high oil prices in the period 1979-85 for the Norwegian economy are considered. An alternative low oil price scenario is developed and effects of the oil shock are calculated as the deviation between actual hi...
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Post-stratification and calibration
Discussion Papers no. 216
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Economic fluctuations in a small open economy
Discussion Papers no. 215
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Non-verifiable emissions, voluntary agreements, and emission taxes
Discussion Papers no. 214
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Non-verifiable emissions, voluntary agreements, and emission taxes
Discussion Papers no. 214
This paper demonstrates that voluntary agreements between a regulator and an industry can be Pareto superior to environmental taxes. Further, such agreements may differ from direct regulation in a non-trivial way. The first-best optimum m...
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"EPA's new emissions trading mechanism
Discussion Papers no. 213
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UMP unbiased tests for multiparameter testing problems with restricted alternatives
Discussion Papers no. 212
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