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Srisuma, Sorawoot; Sanches, Fabio Miessi & Silva Junior, Daniel
(2025)
The Welfare Effects of Supply and Demand Frictions in a Dynamic Pricing Game
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Sanches, Fabio Miessi; Silva Junior, Daniel, Srisuma, Sorawoot & Rostom, May
(2025)
Identification and estimation of a search model with heterogeneous consumers and firms
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Mysliwski, Mateusz; Sanches, Fabio Miessi, Junior, Daniel Silva & Srisuma, Sorawoot
(2025)
The Welfare Effects of Supply and Demand Frictions in a Dynamic Pricing Game
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Bechtold, Florian & Harang, Fabian Andsem
(2025)
Pathwise regularization by noise for semilinear SPDEs driven by a multiplicative cylindrical Brownian motion
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Knutsen, Magnus Våge
(2025)
Endogenous Prices in Markets with Reputational Concerns
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Mysliwski, Mateusz; Rostom, May, Sanches, Fabio Miessi, Junior, Daniel Silva & Srisuma, Sorawoot
(2025)
Identification and estimation of a search model with heterogeneous consumers and firms
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Bensi, Manuel; Ingrosso, Gianmarco, Langone, Leonardo, Giordano, Patrizia, Inall, Mark, Mano, Beatriz, Sundfjord, Arild, Bailey, Allison Michelle, Foss, Øyvind, Daase, Malin Hildegard Elisabeth, Castro de la Guardia, Laura, Nilsen, Frank, David T, Divya, Renner, Angelika, Dumont, Estelle, Glowacki, Oskar, Ogg, Franziska, Olsen, Helene, Dølven, Knut Ola, Jones, Eleanor, Ferré, Benedicte, Skogseth, Ragnheid, Moskalik, Mateusz, Korhonen, Meri, Vogedes, Daniel Ludwig, Kovacevic, Vedrana & Paladini de Mendoza, Francesco
(2025)
The Atlantification process in Svalbard: a broad view from the SIOS Marine Infrastructure network (ARiS)
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Gundersen, Thomas Størdal; Quaghebeur, Ewoud & Tretvoll, Håkon
(2025)
Koronapandemien i en makroøkonomisk modell
Samfunnsøkonomen, 1, p. 37-55.
Vis sammendrag
De store variasjonene i viktige økonomiske størrelser under koronapandemien utgjør en utfordring for modeller som tallfestes på historiske tidsserier. I denne artikkelen presenterer vi en pragmatisk løsning på hvordan pandemiperioden kan håndteres i en DSGE-modell for norsk økonomi. Vi introduserer sjokk i den makroøkonomiske modellen NORA som kun får være aktive i pandemiårene. Med denne tilnærmingen kan vi analysere de relative bidragene fra ulike drivere av svingninger i økonomisk aktivitet under pandemien. Vi viser at å ikke ta hensyn til pandemispesifikke sjokk kan lede til en feilvurdering av de økonomiske konsekvensene av innretningen av finanspolitikken. Dette gjør vi ved å se på hvordan en permanent økning i merverdiavgiftssatsen slår ut i økonomisk aktivitet. I en modell uten pandemispesifikke sjokk undervurderes den økonomiske kostnaden med en faktor på fire.
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Kinnerud, Karin
(2025)
The Effects of Monetary Policy through Housing and Mortgage Choices on Aggregate Demand
Quantitative Economics.
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Brekke, Kurt Richard; Dalen, Dag Morten & Straume, Odd Rune
(2025)
Taking the competitor’s pill: When combination therapies enter pharmaceutical markets
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Sørensen, Rune Jørgen & Geys, Benny
(2025)
The Causal Effect of Affluence on Voter Turnout: New Evidence from Lottery Winnings
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Hjort, Anders Dahl; Hermansen, Gudmund Horn, Pensar, Johan & Williams, Jonathan P.
(2024)
Uncertainty quantification in automated valuation models with locally weighted conformal prediction
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Heggedal, Tom-Reiel & McKay, Thomas
(2024)
Discounting in finite-time bargaining experiments
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Godøy, Anna Aasen; Haaland, Venke Furre, Huitfeldt, Ingrid Marie Schaumburg & Votruba, Mark E
(2024)
Hospital Queues, Patient Health, and Labor Supply
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Cross, Jamie; Hoogerheide, Lennart, Labonne, Paul & van Dijk, Herman K.
(2024)
Bayesian mode inference for discrete distributions in economics and finance
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Canova, Fabio
(2024)
Should we trust cross sectional multiplier estimates?
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Schönhage, Nanna Lauritz & Geys, Benny
(2024)
Partisanship, blame avoidance behaviours and voter reactions to allegations of political misconduct
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Fiva, Jon H. & Nedregård, Oda
(2024)
How Does Party Discipline Affect Legislative Behavior? Evidence from Within-Term Variation in Lame-Duck Status
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Grønneberg, Steffen & Irmer, Julien
(2024)
Non-parametric Regression Among Factor Scores: Motivation and Diagnostics for Nonlinear Structural Equation Models
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Oglend, Atle; Asche, Frank & Straume, Hans-Martin
(2024)
Rent formation and distortions due to quotas in biological production processes
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Korobilis, Dimitris & Schröder, Maximilian
(2024)
Monitoring multi-country macroeconomic risk: A quantile factor-augmented vector autoregressive (QFAVAR) approach
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Campos-Martins, Susana & Sucarrat, Genaro
(2024)
Modeling Nonstationary Financial Volatility with the R Package tvgarch
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De Vos, Ignace & Stauskas, Ovidijus
(2024)
Cross-section Bootstrap for CCE regressions
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Straume, Hans-Martin
(2024)
Buyers in Norwegian salmon exports: Structure and trade margins
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Cox, Gary W.; Fiva, Jon H. & King, Max-Emil Mohn
(2024)
Bound by Borders: Voter Mobilization Through Social Networks
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Bhuller, Manudeep & Sigstad, Henrik
(2024)
2SLS with multiple treatments
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Galle, Simon & Lorentzen, Linnea
(2024)
The unequal effects of trade and automation across local labor markets
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Fagereng, Andreas; Onshuus, Helene & Torstensen, Kjersti Næss
(2024)
The consumption expenditure response to unemployment: Evidence from Norwegian households
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Oglend, Atle; Asche, Frank & Straume, Hans-Martin
(2024)
Crisis averted: Cross-market reallocation during the great trade collapse
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Labonne, Paul
(2024)
Asymmetric uncertainty: Nowcasting using skewness in real-time data
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Bjørnland, Hilde C & Zhulanova Skretting, Julia
(2024)
The shale oil boom and the US economy: Spillovers and time-varying effects
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Fiva, Jon H.; Izzo, Federica & Tukiainen, Janne
(2024)
The gatekeeper's dilemma: Political selection or team effort
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Geys, Benny; Lægreid, Per, Murdoch, Zuzana & Yackee, Susan Webb
(2024)
I’m a Survivor: Political Dynamics in Bureaucratic Elites’ Partisan Identification
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Bacher, Annika
(2024)
The Gender Investment Gap over the Life Cycle
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Bacher, Annika; Grübener, Philipp & Nord, Lukas
(2024)
Joint search over the life cycle
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Vantaggiato, Francesca P.; Murdoch, Zuzana, Kassim, Hussein, Geys, Benny & Connolly, Sara Jane
(2024)
Intraorganizational mobility and employees’ work-related contact patterns: evidence from panel data in the European Commission
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Bhuller, Manudeep & Sigstad, Henrik
(2024)
Feedback and Learning: The Causal Effects of Reversals on Judicial Decision-Making
Vis sammendrag
Do judges respond to reversals of their decisions? Using random assignment of cases across two stages of the criminal justice system in Norway and a novel dataset linking trial court decisions to reversals in appeals courts, we provide causal evidence on feedback effects in judicial decision-making. By exploiting differences in the tendencies of randomly assigned appeal panels to reverse trial court decisions, we show that trial court judges who receive a reversal of a sentence respond by updating the likelihood of imposing a prison sentence in the direction of the reversal in future cases. Consistent with a Bayesian learning model, we find that the responses are stronger for judges with weaker priors and for reversals corresponding to stronger signals. Our estimates, however, also indicate that judges overreact to reversals compared to Bayes’ rule.
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Ile, Runar
(2024)
Versality for pairs
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Aastveit, Knut Are; Fastbø, Tuva Marie, Granziera, Eleonora, Paulsen, Kenneth Sæterhagen & Torstensen, Kjersti Næss
(2024)
Nowcasting Norwegian household consumption with debit card transaction data
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Fjære-Lindkjenn, Jeanette; Aastveit, Knut Are, Karlman, Markus Johan, Kinnerud, Karin, Juelsrud, Ragnar Enger & Wold, Ella Getz
(2024)
Hvordan virker utlånsforskriften? En oppsummering av forskningslitteraturen
Samfunnsøkonomen.
Vis sammendrag
I denne artikkelen forsøker vi å svare på om utlånsforskriften har virket etter hensikten og hvilke kostnader den påfører husholdningene. Forskningslitteraturen indikerer at boliglånsregulering bidrar til noe lavere gjelds- og boligprisvekst, men at det er mer usikkert om den reduserer husholdningenes sårbarhet for uforutsette hendelser som renteøkninger og arbeidsledighet. Utlånsforskriften påfører samtidig mange husholdninger kostnader ved at den begrenser muligheten for konsumglatting og kan gjøre det vanskeligere for unge å kjøpe sin første bolig. Reguleringen kan også forsterke viktigheten av formuende foreldre for muligheten til boligkjøp. Høy inflasjon og rente kan redusere behovet for forskriften og øke kostnadene.
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Foldnes, Njål; Moss, Jonas & Grønneberg, Steffen
(2024)
Improved Goodness of Fit Procedures for Structural Equation Models
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Gola, Pawel
(2024)
On the Importance of Social Status for Occupational Sorting
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Sørensen, Rune Jørgen
(2024)
Are politicians more generous? Evidence from charitable giving
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Foldnes, Njål; Uppstad, Per Henning, Grønneberg, Steffen & Thomson, Jenny
(2024)
School entry detection of struggling readers using gameplay data and machine learning
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Ɖorđević, Jasmina & Dahl, Kristina Rognlien
(2024)
Stochastic optimal control of pre-exposure prophylaxis for HIV infection for a jump model
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Geys, Benny & Sørensen, Rune Jørgen
(2024)
Transitory Income Windfalls and Charitable Giving: Evidence from Norwegian Register Data, 1993-2021
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Korotov, Sergey & Vatne, Jon Eivind
(2024)
Conforming simplicial partitions of product-decomposed polytopes
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Korotov, Sergey & Vatne, Jon Eivind
(2024)
On dihedral angle sums and number of facets for product polytopes
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Mehlum, Halvor; Natvik, Gisle James & Torvik, Ragnar
(2024)
The impossible trinity: Competitive markets, free entry, and efficiency
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Canova, Fabio
(2024)
FAQ: how do I estimate the output gap?
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Canova, Fabio
(2024)
Should we trust cross-sectional multiplier estimates?
Vis sammendrag
I examine the properties of cross-sectional estimators of multipliers, elasticities, or pass-throughs when a conventional spatial macroeconomic specification generates the data. A number of important biases plague standard estimates; the most relevant one occurs when the units display heterogeneous dynamics. Methods that work well in this situation are suggested. An experimental setting shows the magnitude of the biases cross-sectional estimators display. Average estimates of local fiscal multipliers in the US states are compared and contrasted.
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Asche, Frank; Landazuri Concha, Ursula Alejandra, Øglend, Atle, Santika, Nita & Straume, Hans-Martin
(2024)
Spillover effects from agglomeration in seafood exports
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Korobilis, Dimitris & Schröder, Maximilian
(2024)
Probabilistic Quantile Factor Analysis
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Stauskas, Ovidijus & De Vos, Ignace
(2024)
Handling Distinct Correlated Effects with CCE
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Hamang, Jonas Hveding
(2024)
Economic development and known natural resource endowment: Discovery rate differentials of oil
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Santika, Nita; Oglend, Atle, Straume, Hans-Martin & Asche, Frank
(2024)
Brexsea Trade and Uncertainty: Impact of Brexit on Seafood Exports
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Canova, Fabio & Pappa, Evi
(2024)
The macroeconomic effects of EU regional structural funds
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Røed Larsen, Erling
(2023)
House price seasonality, market activity, and the December discount
Vis sammendrag
In Norway, house prices tend to drop in December. This regularity is persistent across regions and over time. I exploit a transaction data set with high temporal granularity to document and estimate the size of the December discount. I control for a composition effect using a hedonic model and I control for unobserved heterogeneity by using repeat sales and involving ask prices and appraisal values. By segmenting into submarkets, I search for determinants of price seasonality. The evidence suggests that the December effect is linked to time-on-market for each unit and transaction volumes within each submarkets.
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Cui, Guowei; Sarafidis, Vasilis & Yamagata, Takashi
(2023)
IV estimation of spatial dynamic panels with interactive effects: large sample theory and an application on bank attitude towards risk
Vis sammendrag
This paper develops a new instrumental variables estimator for spatial, dynamic
panels with interactive effects under large N and T asymptotics. For this class of models, most
approaches available in the literature are based on quasi-maximum likelihood estimation. The
approach put forward here is appealing from both a theoretical and a practical point of view
for a number of reasons. First, it is linear in the parameters of interest and computationally
inexpensive. Second, the IV estimator is free from asymptotic bias. Third, the approach can
accommodate endogenous regressors as long as external instruments are available. The IV
estimator is consistent and asymptotically normal as N, T → ∞ , such that N/T → c , where
0 < c < ∞ . We study the determinants of risk attitude of banking institutions. The results
show that the capital regulation introduced by the Dodd–Frank Act has succeeded in influencing
banks’ behaviour.
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Hunting, Martin Henrik; Hjort, Ingrid & Gjefsen, Hege Marie
(2023)
COVID-19 among guestworkers in Norway
Vis sammendrag
Guestworkers in Norway is a group we have little knowledge about, even though this group makes up nearly 4% of the Norwegian workforce in high seasons during a normal year. During the COVID-19 pandemic, migrant guestworkers in Norway were the subject of strict infection prevention measures, but there is little knowledge about actual infections in this group compared to residents. In this analysis, we study whether infection rates were higher among guestworkers compared to a relevant comparison group in the general population. A guestworker is a non-resident migrant worker with a temporary id-number (d number) and active employment. Our study gives valuable information on whether additional precautionary measures for this group would have been justified. In this paper we use employment data from the State Register of Employers and Employees (Aa-registeret) from April 1st, 2020 to October 1st, 2021, together with results from PCR tests. We compare the probability of infection among guestworkers in Norway with a group of employees who are permanent residents, controlling for gender, age, occupation and local infection rate. We find a lower confirmed incidence of COVID-19 among guestworkers, and no difference in positivity rate.
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Straume, Hans-Martin; Asche, Frank, Oglend, Atle, Gaasland, Ivar, Pettersen, Ingrid Kristine & Sogn-Grundvåg, Geir
(2023)
The structure of Norwegian seafood trade
Vis sammendrag
While seafood is a highly traded commodity, lack of data has largely prevented examination of the firms and industries that are conducting the actual transactions. In this paper we use highly disaggregated data to provide an overview of the seafood exports from Norway, the world’s 2nd largest seafood exporting country, and a country where fisheries as well as aquaculture are important industries. The industry has a global reach with Norwegian seafood reaching 172 different countries in the period 2016–2020. While there are as many as 437 different exporting firms, this is relatively few firms compared to the 11,024 different buyers that import Norwegian seafood. There is significant heterogeneity in the export sector from very small firms handling only a few products to very large firms handling a large variety of products. The average firm is quite specialized and serves only 9 markets. However, there are also a handful of large exporters who ship products from all three main sectors in the Norwegian seafood industry to a large number of markets. The 10% largest companies make up 39% of the total export value and provide significant synergies between the aquaculture, pelagic and whitefish sectors.
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Straume, Hans-Martin; Asche, Frank & Øglend, Atle
(2023)
Intermediaries in Norwegian salmon exports
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Straume, Hans-Martin; Asche, Frank, Landazuri-Tveteraas, Ursula, Misund, Bård, Pettersen, Ingrid Kristine & Zhang, Dengjun
(2023)
Product forms and price transmission in major European salmon markets
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De Vos, Ignace; Everaert, Gerdie & Sarafidis, Vasilis
(2023)
A method to evaluate the rank condition for CCE estimators
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Gilbert, Richard; Riis, Christian & Riis, Erlend S.
(2023)
Innovation, Antitrust Enforcement, and the Inverted-U
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Garibaldi, Pietro; Moen, Espen Rasmus & Pissarides, Christopher A.
(2023)
Static and dynamic inefficiencies in an optimizing model of epidemics
Vis sammendrag
Several externalities arise when agents shield optimally to avoid infection during an epidemic. We classify externalities into static and dynamic and compare the decentralized and optimal solutions when agents derive utility from social interaction. For low infection costs agents shield too little; for high costs they shield too much because of a “rat race to shield”: they delay social action until other agents contract the disease and society reaches herd immunity. Other externalities drive more wedges between the private and social outcomes. The expectation of a fully effective vaccine that ends the disease faster changes results, reversing excessive shielding.
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Brekke, Kjell Arne; Ciccone, Alice, Heggedal, Tom-Reiel & Helland, Leif
(2023)
Reference points in sequential bargaining: theory and experiment
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We introduce loss aversion in an infinite-horizon, alternating-offers model. When outside options serve as reference points, the equilibrium of our model follows that of the standard Rubinstein bargaining model, i.e., outside options do not affect the equilibrium unless they are binding. However, when reference points are given by the resources players contribute to the pie, the bargaining outcome changes such that a player's share increases in her contribution. We test our model's predictions in the laboratory. As predicted, only binding outside options impact the division of the pie. Data also show that contributions matter for bargaining outcomes when they are activated as reference points, but not quite as predicted by our theory. Proposers gain a higher share of the pie only when they have contributed a higher share than the opponent has.