Long-run technological progress is cyclical because drastic innovations that introduce new technological opportunity are only profitable at times when repeated incremental innovation has nearly exhausted existing technological opportunity and driven entrepreneurial profit and income growth...

Knightian uncertainty in climate sensitivity is analyzed in a two sectoral integrated assessment model (IAM), based on an extension of DICE. A representative household that expresses ambiguity aversion uses robust control to identify robust climate policy feedback rules that work well over IPCC...

Despite the high volatilities recorded for electricity prices, there seems to be little demand for options on electricity. One reason for the disinterest in electricity options could arise from uncertainty about how to price these options. This study uses recent econometric advances to...

Swedish labor market programs appear large from an international perspective, yet their consequences are not fully investigated and understood. In this paper we estimate a switching regression model with training effect modeled as a random coefficient, partitioned in an observed and unobserved...

This paper uses a unique possibility to link unemployed individuals’ stated willingness to move with administrative data, giving us the possibility to analyse the effects of mobility on labour market outcome. Furthermore, we can do this not only for those who actually move, but also for...

Many previous empirical studies conclude that democracy increases economic freedom. However, these studies use highly aggregated indices of economic freedom, which eliminate interesting information and obstruct policy conclusions. The purpose of this study is to empirically study how different...

Raising the price of fossil fuels is a key component of any effective policy to deal with climate change. Just how effective such policies are is decided by the price elasticities of demand. Many papers have studied this without recognising that not only is there a demand side response:...

Recent availability of electronically accessible database of journal articles makes studies of the diffusion of papers through citations possible. Citation peaks have been found to be typically five to seven years, with a long tailing off. A seminal paper on theoretical and applied efficiency...

This paper derives a measure that characterizes the distance between the risk-neutral and the objective probability measures for any candidate asset pricing model. We formally show that the distance metric is equal to the volatility of the stochastic discount factor. This theoretical result...

Göteborgarna har alltid känt sig mer eller mindre missgynnade av staten, det gäller inte minst den högre utbildningen alltsedan Lund konkurrerade ut Göteborg vid tillkomsten av landets andra universitet. Nästan alla skolor och kulturinstitutioner tillkom här efter privata initiativ och...