Browsing BI Research Centre's Series by Author "Natvik, Gisle"

Now showing items 1-2 of 2

    • Asset-Price Redistribution 

      Fagereng, Andreas; Gomez, Matthieu; Gouin-Bonenfant, Emilien; Holm, Martin; Moll, Benjamin; Natvik, Gisle (HOFIMAR Working Paper Series;2/2023, Working paper, 2023)
      Over the last several decades, there has been a large increase in asset valuations across many asset classes. These rising valuations had important effects on the distribution of wealth. However, little is known regarding ...

    • The Inefficient Combination: Competitive Markets, Free Entry, and Democracy 

      Mehlum, Halvor; Natvik, Gisle; Torvik, Ragnar (CAMP Working Paper Series;02/2021, Working paper, 2021-01-27)
      We show that under fairly general conditions, the combination of (i) competitive markets, (ii) free entry, and (iii) democracy is inconsistent with allocative efficiency. This fundamental impossibility result, which has ...