Browsing BI Research Centre's Series by Title
Now showing items 285-304 of 338
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Supply Flexibility in the Shale Patch: Evidence from North Dakota
(CAMP Working Paper Series;2/2017, Working paper, 2017)We analyse if output exibility in oil production depends on the extraction technology. In particular, we ask to what extent shale oil producers respond to price incentives by changing completion of new wells as well as oil ... -
Supply flexibility in the shale patch: Facts, no fiction
(CAMP Working Paper Series;08/2019, Working paper, 2019-11-18)In two recent papers, Kilian and Zhou (2019) and Kilian (2019) have criticized Bjørnland, Nordvik, and Rohrer (2017), arguing that our finding of a large price elasticity of output for shale producers is not credible. We ... -
Tax concerns and agency concerns in dividend policy: Holding companies as a separating device
(CCGR Working Paper;2/2013, Working paper, 2013)Higher dividends may create value by reducing agency costs, but may also destroy value by increasing tax payments. This paper shows empirically how stockholders use holding companies to establish indirect ownership through ... -
Taylor Rules with Endogenous Regimes
(CAMP Working Paper Series;04/2024, Working paper, 2024-05-07)The Fed’s policy rule switches during the different phases of the business cycle. This finding is established using a dynamic mixture model to estimate regime-dependent Taylor-type rules on US quarterly data from 1960 to ... -
The Commission’s internal conditions for social re-regulation: Market efficiency and wider social goals in setting the rules of financial services in Europe
(CEAS Reports;4/2011, Working paper, 2011)With its scarce budgetary resources and institutional logics favouring market-based problemsolving, the European Union (EU) has been considered a prime example of the regulatory state. When and how can we expect the ... -
The Design of the European Central Bank
(CME Working paper series;1/1998, Working paper, 1998)In this article we analyse issues relating to the design of the future European Central Bank. This design is very much influenced by the differences in incentives to join EMU by its prospective members. We. therefore, start ... -
The Dual-Agency Problem Reconsidered: A Strategic Deviance Perspective on the Franchise Form of Organizing
(CCGR Working Paper;1/2010, Working paper, 2010)Drawing on various theoretical streams, including organizational deviance, we propose that a franchisor cannot assess and control opportunism without comparative information from plural form contractual arrangements provided ... -
The economic impacts of compatibility standards: The case of Office Open XML
(CREAM Publications;8/2010, Working paper, 2010) -
The exchange rate and its fundamentals in a complex world
(CME Working paper series;3/2002, Working paper, 2002) -
The Fiscal Incentive of GHG Cap and Trade: Permits May Be Too Cheap and Developed Countries May Abate Too Little
(CAMP Working Papers Series;9/2014, Working paper, 2014)The theoretical justification for a greenhouse gas (GHG) cap and trade system is that participants will trade emission permits until their marginal cost of abatement equals the equilibrium price of emission permits. However, ... -
The fiscal incentive of GHG cap and trade: Permits may be too cheap and developed countries may abate too little
(Working paper, 2014)The theoretical justification for a greenhouse gas (GHG) cap and trade system is that participants will trade emission permits until their marginal cost of abatement equals the equilibrium price of emission permits. ... -
The Future of the Regulatory State: Adaptation, Transformation or Demise?
(CEAS Reports;1/2011, Working paper, 2011)This short paper is meant to provide for some background ideas to motivate discussions during our workshop. It therefore seeks to make a few short (and hopefully somewhat provocative) points. The idea of the ‘regulatory ... -
The Governance and Finance of Norwegian Family Firms: Main Characteristics of the Population
(CCGR Research Report;01/2018, Working paper, 2018-06) -
The Hungarian Party System in 2010: More Polarized, less Plural
(CEAS Reports;6/2011, Working paper, 2011)This paper investigates the origins and nature of Hungary’s 2010 ‘earthquake election’. -
The Impact of U.S. Supply Shocks on the Global Oil Price
(CAMP Working Paper Series;7, Working paper, 2018-04)I examine the role of the U.S. shale oil boom in driving global oil prices. Using a structural vector autoregressive (SVAR) model that identifies separate oil supply shocks for the U.S. and OPEC, I find that U.S. supply ... -
The limits of the EUR regulatory state: Power, politics and pragmatism in European gas markets
(CEAS Reports;1/2009, Working paper, 2009)Paper presented at the European Union Studies Association (EUSA) Eleventh Biennial International Conference, Los Angeles, California, April 23-25, 2009. Panel: Reconsidering the Regulatory State in Europe. -
The marginal value of cash, cash flow sensitivities and bank-finance shocks in nonlisted firms
(CCGR Working Paper;1/2011, Working paper, 2011)We study how nonlisted firms trade off financial, real, and distributive uses of cash. We show that firms' marginal value of cash (MVC) affects the mix of external and internal finance used to absorb fluctuations in cash ... -
The monetary policy of the European system of Central banks
(CME Working paper series;4/1999, Working paper, 1999) -
The Norwegian banking crisis in the 1990s : effects and lessons
(CME Working paper series;5/2011, Working paper, 2011) -
The Norwegian local election of 2007
(CEAS Reports;2/2007, Working paper, 2007)The paper is a report prepared for the PSA Specialist Group on Scandinavia.