This paper separates the validity of the specification of the fundamental stock price model from the implications of bubbles. The time-varying risk premium model (Poterba and Summers, 1986) is used to explicitly derive the misspecification component. We construct a state-space model and use...

One area that has expanded the scope of patent subject matter concerns the patentability of a method of doing business, especially in the context of computer technology, cyber networks, or as a method of e-commerce. In recent years, the USA has taken the lead in recognising the patentability of...

Are product standards protectionism in disguise? This paper estimates the costs of non-compliance with U.S. product standards, using a new database on U.S. import refusals from 2002 to 2012. We find that import refusals significantly decrease exports to the United States. This trade reducing...

In 1988, an early retirement program (AFP) was introduced in Norway for the 66-years-old. Since then, AFP has gradually been extended and by now it covers workers aged 62-66. In this paper we employ a multinominal logit model to study the transition between states in the labour market. The model...

Models that allow for non-cooperative as well as cooperative behavior of families are estimated on data from Norway in 1993 and 1994. The husband is eligible for early retirement while the wife is not. The models aim at explaining labor supply behavior of married couples the first twelve months...

The Anti-Money Laundering and the Combating of the Financing of Terrorism (AML/CFT) regime constitutes one of the international standards regulating the behaviour of states and private sector actors. Using a quantitative methodology, this paper provides evidence that different jurisdictions'...

The Anti-Money Laundering and the Combating of the Financing of Terrorism (AML/CFT) regime constitutes one of the international standards regulating the behaviour of states and private sector actors. Using a quantitative methodology, this paper provides evidence that different jurisdictions'...