Showing 1 - 10 of 44
The price of timber stumpage is one of the few natural-resource rents that can be directly observed as a market price. Rules for optimal timber harvesting under uncertainty have been found to depend on whether the timber rent price is non-stationary or stationary. In this study we extend...
Persistent link: https://www.econbiz.de/10010743927
We modify a method recently suggested by Weitzman (2012, 2013) for determining a risk-adjusted social discount rate (SDR) term structure consistent with both the (augmented) Ramsey rule and the consumption-based CAPM. Using this approach we estimate SDR for transportation infrastructure...
Persistent link: https://www.econbiz.de/10011115798
Persistent link: https://www.econbiz.de/10012126344
Persistent link: https://www.econbiz.de/10012060694
Persistent link: https://www.econbiz.de/10001773109
Persistent link: https://www.econbiz.de/10009949737
The purpose of this paper is to investigate regional effects of military base closures in Sweden during the last decades. Our analysis is based on a regional growth model, where two equations are estimated; one equation describing the average income growth rate and one equation describing the net...
Persistent link: https://www.econbiz.de/10005496004
Persistent link: https://www.econbiz.de/10005390779
Andersson L. (2004) Regional risk-sharing provided by the fiscal system: empirical evidence from Sweden, Reg. Studies38, 269-280. The objective of this paper is to analyse risk-sharing among municipalities in Sweden in terms of how the central government smooths personal income via the tax and...
Persistent link: https://www.econbiz.de/10005638375
Andersson L. Fiscal flows and financial markets: to what extent do they provide risk sharing within Sweden?, Regional Studies. The objective of this paper is to analyse the amount of risk sharing that takes place between regions in Sweden. It is found that the capital market is the largest...
Persistent link: https://www.econbiz.de/10008603683