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Increased price markup from union coordination
Discussion Papers no. 470
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Increased price markup from union coordination
Discussion Papers no. 470
Existing literature have focused on the influence of institutional factors on wage determination when explaining the prolonged cross-country differences in unemployment. Although coordination of wage bargaining probably affects entry barr...
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Determinants of long-term interest rates in the Scandinavian countries
Discussion Papers no. 469
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Determinants of long-term interest rates in the Scandinavian countries
Discussion Papers no. 469
The financial markets in a small open economy like the Scandinavian countries are influenced by international economic developments, especially in their major trading partners. This paper investigates to which degree nominal long-term int...
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The financing structure of non-listed firms
Discussion Papers no. 468
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The financing structure of non-listed firms
Discussion Papers no. 468
This paper presents an analysis of how Norwegian non-listed firms are financed. Using a unique database covering all limited liability firms in Norway, both the size (leverage) and composition (maturity structure) of debt are investigated...
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The impact on rent from tenant and landlord characteristics and interaction
Discussion Papers no. 467
Publikasjon -
The impact on rent from tenant and landlord characteristics and interaction
Discussion Papers no. 467
Owner-occupied housing services and rented housing services are often considered close substitutes, and both house price and rental price indices rely on regressions based on dwelling and location characteristics. However, while such char...
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Axiomatization of stochastic models for choice under uncertainty
Discussion Papers no. 465
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The influence of the business cycle on bankruptcy probability
Discussion Papers no. 466
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The influence of the business cycle on bankruptcy probability
Discussion Papers no. 466
I combine two fields of research on default prediction by empirically testing a bankruptcy prediction function where unlisted firms are evaluated on the basis of both their financial statement analysis and the macroeconomic environment. T...
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Axiomatization of stochastic models for choice under uncertainty
Discussion Papers no. 465
This paper develops a theory of probabilistic models for risky choices. Part of this theory can be viewed as an extension of the expected utility theory to account for bounded rationality. One probabilistic version of the Archimedean Axio...
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A welfare state funded by nature and OPEC
Discussion Papers no. 464
Publikasjon -
A welfare state funded by nature and OPEC
Discussion Papers no. 464
Large petroleum revenues make Norway an enviable fiscal loner. The fiscal policy rule adopted from 2001 transforms petroleum wealth into foreign assets, and only the real return on the financial fund should be spent annually. Despite this...
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Will it float?
Discussion Papers no. 463
Publikasjon