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Investment and revenue cap under incentive regulation: The case study of the Norwegian electricity distributors
(Journal article; Tidsskriftartikkel; Peer reviewed, 2017-11-07)
Electricity distribution operators are regulated as monopolies around the world. Incentive regulation is further applied to relate their allowed revenues (revenue cap) to cost efficiency and investment. Incentive regulation varies cross countries and has evolved over time for individual countries. Norway is one of the first countries reforming the network distributors by incentive regulation. Using ...
Firm Size, Commodity Price, and Interdependence between Firm-Level Stock Prices: The Case of Norwegian Salmon Industry
(Journal article; Tidsskriftartikkel; Peer reviewed, 2016-09-08)
This study aims to investigate the interdependence between stock prices of salmon firms listed at Oslo Stock Exchange and to evaluate how this correlation is affected by firm size and salmon commodity price. Technically, we apply the Johansen’s approach (Johansen, 1991) to test cointegration between stock prices and between individual stock prices and commodity price. The time path of the long-run ...
Shipping the good fish out? An empirical study on the EU Seafood imports under the EU's Generalized System of Preferences
(Journal article; Tidsskriftartikkel; Peer reviewed, 2016-10-20)
The impact of the EU (European Union) Generalized System of Preference (GSP) on the relative EU’s demand for seafood quality was evaluated in the study. We first explored the theoretical Alchian–Allen result of change in ad valorem tariffs in an n–good world, and then tested this result in the empirical study. The theoretical analysis suggests that whether a reduced ad valorem tariff in an n–good ...
Extending the Rotterdam Demand Model to Analyze Market Participation
(Journal article; Tidsskriftartikkel; Peer reviewed, 2018-03-01)
The dependent variable in the Rotterdam model is shown to consist of two additive components: the proportionate change in the average product weight consumed by existing buyers and the proportionate change in the share of total consumers who actually purchase the product. Applying the extended model to household data on salmon consumption in France, results suggest prices have a larger effect on ...
20 Years of Nordic tourism economics research: a review and future research agenda
(Journal article; Tidsskriftartikkel; Peer reviewed, 2020-10-13)
The number of economics-related articles in the Scandinavian Journal of Hospitality and Tourism (SJHT) has recently increased considerably. Despite this increase, the research efforts of Nordic economists on tourism issues have lagged behind in an international comparison. The recent increase in the number of economics-related publications in SJHT is due to better access to microdata (individual and ...
How exchange rate affects Chinese processing trade? The case of ground fish
(Journal article; Tidsskriftartikkel; Peer reviewed, 2017-09-25)
As imports destined for primary processing and then exporting occur
across industries, in this study we developed a structural model to examine how
exchange rate affects the exports of processed ground fish from China. The
home demand for processed goods is incorporated into the model in accordance
with the fact that the share of processed goods remaining in China tends to
increase over time. ...
Effect of labelled information and sensory attributes on consumers' intention to purchase milk
(Journal article; Tidsskriftartikkel; Peer reviewed, 2018-08-02)
<p><i>Purpose</i>: The purpose of this paper is to examine the influences of consumer perceptions of labelled information and sensory attributes on consumers’ intention to buy fresh milk.</p>
<p><i>Design/methodology/approach</i>: An experiment was conducted on 117 consumers in a lab at a university. After closely inspecting the labels’ information and tasting two types of milk, participants were ...
Efficiency in Chinese large yellow croaker aquaculture: Implication for sustainable aquaculture in China
(Journal article; Tidsskriftartikkel; Peer reviewed, 2021-12-17)
Aquaculture supply from China has been a remedy to meet the growing global demand for
seafood in the last decades. However, output growth has decreased dramatically in China in the 2000s.
Previous literature focuses on the ecosystem problems arising in intensive farming in China. In this
study, we used stochastic production analysis (SPA) to estimate the technical efficiency of Chinese
large ...
Asymmetric price transmission in a changing food supply chain
(Journal article; Tidsskriftartikkel; Peer reviewed, 2020-08-26)
The farmed salmon supply chain in Europe is changing. There is a growing concentration at intermediary levels in the supply chain and more product differentiation in the market. This means that different price determination processes could apply in various product sub-markets. In this study, price transmission relationships in the salmon value chain were investigated at two different product levels. ...
Influence of Tourism Seasonality and Financial Ratios on Hotels’ Exit Risk
(Journal article; Tidsskriftartikkel; Peer reviewed, 2021-05-20)
Tourism seasonality negatively affects hotels’ operational and financial performance and then survival probabilities. Several studies have evaluated the impact of tourism seasonality on hotels’ exit risk. However, the empirical findings are ambiguous, probably due to the overall seasonality and different measures used in these studies. Against this background, this study explores the impact of tourism ...