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Downsizing as a sorting device : are low-productive workers more likely to leave downsizing firms?
Discussion Papers no. 543
Employers cannot always displace workers at their own discretion. In many countries, Employment Protection Legislation (EPL) includes restrictions on laying off workers. This paper studies whether employers use downsizing events, where th...
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International emissions trading in a non-cooperative equilibrium
Discussion Papers no. 542
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International emissions trading in a non-cooperative equilibrium
Discussion Papers no. 542
Linkage of different countries' domestic permit markets for pollution rights into a single international market alters governments' incentives, and may trigger adjustments of the number of allocated permits. First, this work finds that in...
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Does the housing market react to new information on school quality?
Discussion Papers no. 541
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Does the housing market react to new information on school quality?
Discussion Papers no. 541
This paper analyzes housing market reactions to the release of previously unpublished information on school quality. Using the sharp discontinuity in the information environment allows us to study price changes within school catchment are...
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Simulated maximum likelihood using tilted importance sampling
Discussion Papers no. 540
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Simulated maximum likelihood using tilted importance sampling
Discussion Papers no. 540
This paper develops the important distinction between tilted and simple importance sampling as methods for simulating likelihood functions for use in simulated maximum likelihood. It is shown that tilted importance sampling removes a lowe...
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Non-parametric identification of the mixed hazards model with interval-censored durations
Discussion Papers no. 539
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Non-parametric identification of the mixed hazards model with interval-censored durations
Discussion Papers no. 539
Econometric duration data are typically interval-censored, that is, not directly observed, but observed to fall within a known interval. Known non-parametric identification results for duration models with unobserved heterogeneity rely cr...
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Strategic partitioning of emissions allowances
Discussion Papers no. 538
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Strategic partitioning of emissions allowances
Discussion Papers no. 538
The EU Emission Trading Scheme (ETS) is breaking new ground in the experience with emission trading regimes across multiple jurisdictions. Since the EU ETS covers only some industries, it implies a hybrid emission control scheme where EU ...
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The role of heterogeneous demand for temporal and structural aggregation bias
Discussion Papers no. 537
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The role of heterogeneous demand for temporal and structural aggregation bias
Discussion Papers no. 537
Differences in estimated parameters depending on the frequency of aggregate data have been reported in several fields of economic research. Some differences are due to seasonal variations in demand, but temporal aggregation bias is report...
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Timing of innovation policies when carbon emissions are restricted
Discussion Papers no. 536
Publikasjon -
Timing of innovation policies when carbon emissions are restricted
Discussion Papers no. 536
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