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Forecastability and Statistical Characteristics of Aggregate Oil and Gas Investments on the Norwegian Continental Shelf

Lorentzen, Sindre - 2016

We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian Continental Shelf (NCS). A unique and detailed dataset containing data from 109 different fields on the NCS between 1970 and 2015 was employed. A set of 1080 autoregressive distributed...

Persistent link: https://www.econbiz.de/10012979540

Going Offshore : Investments in German Wind Energy Under Uncertainty

Chen, Yu-Fu - 2015

Employing a continuous-time real options modeling framework, this paper scrutinizes the incentives to invest in German offshore wind farms. The focus of the analysis is the mode of action of the German feed-in tariff system for offshore wind energy deployment. The numerical results reveal that...

Persistent link: https://www.econbiz.de/10013019855

Investment Size and Firm's Value under Profit Sharing Regulation

Moretto, Michele; Panteghini, Paolo; Scarpa, Carlo - CESifo - 2003

In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm’s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm’s start-up decision relative to a pure price...

Persistent link: https://www.econbiz.de/10005405789

Trade Openness, Market Competition, and Inflation : Some Sectoral Evidence from OECD Countries

Binici, Mahir - 2013

countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after … openness becomes insignificant in explaining inflation. The results support that changes in market competitiveness and …

Persistent link: https://www.econbiz.de/10013091833

The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model

Chirinko, Robert S.; Mallick, Debdulal - CESifo - 2014

The value of the elasticity of substitution between labor and capital (ó) is a “crucial” assumption in understanding the secular decline in labor share of income (Piketty (2014a), Karabarbounis and Neiman (2014)) and long-run growth (Solow, 1956). This paper begins by examining the role of...

Persistent link: https://www.econbiz.de/10011067194

The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model

Chirinko, Robert S. - 2016

The value of the elasticity of substitution between labor and capital (σ) is a “crucial” assumption in understanding the secular decline in the labor share of income and long-run growth. This paper develops and implements a new strategy for estimating this crucial parameter by combining a...

Persistent link: https://www.econbiz.de/10013006062

Real and Nominal Wage Adjustment in Open Economies

Forslund, Anders; Gottfries, Nils; Westermark, Andreas - CESifo - 2006

and competitiveness? To answer these questions, we formulate a theoretical model of wage bargaining in an open economy and …

Persistent link: https://www.econbiz.de/10005094255

Market Competition or Family Ties : Which Prevails on Italian CEOs Pay?

Graziano, Clara - 2015

The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...

Persistent link: https://www.econbiz.de/10013020525

Common Ownership, Competition, and Top Management Incentives

Anton, Miguel - 2020

When one firm's strategy affects other firms' value, optimal executive incentives depend on whether shareholders have interests in only one or in multiple firms. Performance-sensitive contracts induce managerial effort to reduce costs, and lower costs induce higher output. Hence, greater...

Persistent link: https://www.econbiz.de/10012854854

Stakeholder Governance, Competition and Firm Value

Allen, Franklin - 2014

In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to shareholder-oriented firms in a model of imperfect competition....

Persistent link: https://www.econbiz.de/10013057260