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Cost Performance on the Norwegian Continental Shelf

Lorentzen, Sindre; Osmundsen, Petter - 2016

The oil and gas sector plays a crucial role in the Norwegian economy. It accounts for a very large proportion of gross domestic product, government revenues, investment and exports. A sharp fall in oil prices has had a significant impact on the economy and focused great attention on the cost...

Persistent link: https://www.econbiz.de/10011555594

A Matter of Perspective: How Experience Shapes Preferences for Redistribution

Cassar, Lea; Klein, Arnd H. - 2017

We investigate in a laboratory experiment if the experience of economic failure or success shapes people’s preferences …

Persistent link: https://www.econbiz.de/10011615857

Managers as Knowledge Carriers - Explaining Firms' Internationalization Success with Manager Mobility

Meinen, Philipp; Parrotta, Pierpaolo; Sala, Davide; … - 2018

, stems from the experience of doing it. Therefore, different employers immensely contend for managers’ highly valuable export … experience. As managers can accept better and better positions from several offers, they may become highly mobile, thus having a … this idea by discriminating between knowledge ascribable to managers’ former job experience and that attributable to their …

Persistent link: https://www.econbiz.de/10011887386

Tenure and experience effects on wages: A theory

Burdett, Ken; Coles, Melvyn - 2010

endogenously over time through experience effects, tenure effects and quits to better paid employment. This equilibrium approach … suggests how to identify econometrically between experience and tenure effects on worker wages. …

Persistent link: https://www.econbiz.de/10010274781

The Role of Information and Experience for Households' Inflation Expectations

Conrad, Christian; Enders, Zeno; Glas, Alexander - 2020

Based on a new survey of German households, we investigate the role of information channels and lifetime experience for … future change of inflation and the unemployment rate, however, is strongly influenced by individual experience of these … variables. Similarly, the expected response of inflation to a change in the interest rate is also shaped by experience. We …

Persistent link: https://www.econbiz.de/10012314815

Expectations as reference points: Field evidence from experienced subjects in a competitive, high-stakes environment

Bartling, Björn; Brandes, Leif; Schunk, Daniel - 2012

We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee's assignment of cards,...

Persistent link: https://www.econbiz.de/10010282066

Intergenerational risk-sharing and risk-taking of a pension fund

Gollier, Christian - 2007

By using their financial reserves efficiently, pension funds can smooth shocks on asset returns, and can thus facilitate intergenerational risk-sharing. In addition to the primary benefit of improved time diversification, this form of risk allocation affords the additional benefit of allowing...

Persistent link: https://www.econbiz.de/10010264109

Discounting and welfare analysis over time: choosing the [eta]

Buchholz, Wolfgang; Schumacher, Jan - 2008

Based on the Ramsey equation and an ethically motivated rejection of pure utility time discount, the Stern Review on the Economics of Climate Change concentrates on the use of the elasticity of marginal utility ç in the intergenerational social welfare function. We support this position by...

Persistent link: https://www.econbiz.de/10010264313

Money, credit and banking

Berentsen, Aleksander; Camera, Gabriele; Waller, … - 2005

In monetary models in which agents are subject to trading shocks there is typically an ex-post inefficiency in that some agents are holding idle balances while others are cash constrained. This inefficiency creates a role for financial intermediaries, such as banks, who accept nominal deposits...

Persistent link: https://www.econbiz.de/10010277060

Optimal debt and equilibrium exchange rates in a stochastic environment : an overview

Stein, Jerome L. - 2004

The focus is upon equilibrium real exchange rates, optimal external debt and their interaction, in a world where both the return on investment and the real rate of interest are stochastic variables. These theoretically based measures are applied empirically to answer the following questions:...

Persistent link: https://www.econbiz.de/10010261108