A real choice exists today on a number of discoveries between platform-based or subsea development solutions. Statistics from the Norwegian continental shelf (NCS) show that fields developed with fixed platforms have a substantially higher recovery factor. The potential for a later commitment to...

We derive a method to econometrically estimate the tariff equivalent and foregone trade effectsof a prohibitive technical barrier to trade (TBT) based on Wales and Woodland’s Kuhn-Tuckerapproach to corner solutions in consumer choice. The method overcomes the lack of observeddata on bilateral...

This paper takes a discrete-time adaptation of the continuous−time matching economy described in Pissarides (1990, 2000), and computes the solution to the dynamic planning problem. The solution is shown to be completely characterized by a first−order, non−linear map. We show that the map...

The first paper is co-authored with Sylvain Delalay. We examine the impact of competition between ETFs on measures of market quality of the funds. The surge in new ETF creation has for consequence that groups of competing ETFs are increasingly crowded, and investors can choose from a multitude...

Will die Europäische Union ihr erklärtes Ziel erreichen, sich zur wettbewerbsfähigsten und dynamischsten wissensbasierten Wirtschaft der Welt zu entwickeln, dann muss sie ihre Wettbewerbsleistung drastisch steigern. Obwohl sie die besten makroökonomischen Bedingungen des Jahrzehnts und...

Will die Europäische Union ihr erklärtes Ziel erreichen, sich zur wettbewerbsfähigsten und dynamischsten wissensbasierten Wirtschaft der Welt zu entwickeln, dann muss sie ihre Wettbewerbsleistung drastisch steigern. Obwohl sie die besten makroökonomischen Bedingungen des Jahrzehnts und...