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Simulated maximum likelihood using tilted importance sampling
Discussion Papers no. 540
Publikasjon -
Langsiktige virkninger på norsk makroøkonomi og næringsstruktur av en høyere internasjonal rente
Notater 2008/22
Publikasjon -
Simulated maximum likelihood using tilted importance sampling
Discussion Papers no. 540
This paper develops the important distinction between tilted and simple importance sampling as methods for simulating likelihood functions for use in simulated maximum likelihood. It is shown that tilted importance sampling removes a lowe...
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Non-parametric identification of the mixed hazards model with interval-censored durations
Discussion Papers no. 539
Publikasjon -
Non-parametric identification of the mixed hazards model with interval-censored durations
Discussion Papers no. 539
Econometric duration data are typically interval-censored, that is, not directly observed, but observed to fall within a known interval. Known non-parametric identification results for duration models with unobserved heterogeneity rely cr...
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Strategic partitioning of emissions allowances
Discussion Papers no. 538
Publikasjon -
Strategic partitioning of emissions allowances
Discussion Papers no. 538
The EU Emission Trading Scheme (ETS) is breaking new ground in the experience with emission trading regimes across multiple jurisdictions. Since the EU ETS covers only some industries, it implies a hybrid emission control scheme where EU ...
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The role of heterogeneous demand for temporal and structural aggregation bias
Discussion Papers no. 537
Publikasjon -
The role of heterogeneous demand for temporal and structural aggregation bias
Discussion Papers no. 537
Differences in estimated parameters depending on the frequency of aggregate data have been reported in several fields of economic research. Some differences are due to seasonal variations in demand, but temporal aggregation bias is report...
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Timing of innovation policies when carbon emissions are restricted
Discussion Papers no. 536
Publikasjon -
Timing of innovation policies when carbon emissions are restricted
Discussion Papers no. 536
Publikasjon -
Norsk økonomi
Statistiske analyser 098
Publikasjon -
Performance pay and within-firm wage inequality
Discussion Papers no. 535
Publikasjon -
Performance pay and within-firm wage inequality
Discussion Papers no. 535
This paper examines the impact of performance-related pay on wage differentials within firms. Our theoretical framework predicts that, compared to a fixed pay system, pay schemes based on individual effort increase within-firm wage inequa...
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How well do tree plantations comply with the twin targets of the Clean Development Mechanism?
Discussion Papers no. 534
Publikasjon