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Contingent payments in selection contests
(Working paper; Arbeidsnotat, 2005-04)
The early literature on research contests stressed the advantages of a fixed
prize in inspiring R&D effort. More recently the focus has moved towards endogenizing
the rewards to research activity in these tournament settings, since this can induce extra
effort or enhance the surplus of the buyer. We focus on a research contest as a means of
selecting a partner for an R&D enterprise, in an ...
On the economics of ecological nuisance
(Working paper; Arbeidsnotat, 2005-03)
This paper analyses the economics of pest and nuisance relating to wild animals. It studies
stylised models where wild animals represent a direct nuisance to agricultural production
through grazing and crop damage. Such damage is particularly relevant in poor rural
communities, where people are dependent on livestock and crop production and at the same
time are living close to nature and wildlife. ...
Kappfiske - problem eller løsning?
(Working paper; Arbeidsnotat, 2005-02)
Landingene av torsk i Norge er sterkt sesongvarierte. Fangstene i første halvår i årene 1983-
84 utgjorde om lag 85 % av årets totalfangst. I 1986-88 var andelen sunket til om lag 70 %,
mens den steg til 80 % i 1999-2000 og til 90 % i 2001-02.
Dette landingsmønsteret for kystflåtens fangster av torskefisk er et resultat av en rekke
faktorer; fiskens tilgjengelighet, kvalitet, pris, flåtestruktur, ...
Tournaments with multi-tasking
(Working paper; Arbeidsnotat, 2005-08)
The standard contest model in which participants compete in a single dimension is well
understood and documented. In this paper we propose an extension in which competition
ensues in several dimensions and a competitor that wins a certain number of these is
awarded a prize. We look at the design of this contest from the point of view of
maximizing effort in the contest (per dimension and totally), ...
Fragmented property rights, R & D and market structure
(Working paper; Arbeidsnotat, 2005-04)
Fragmented property rights can be a factor that limits firms’ willingness
to invest in the development and commercialization of new
products. This paper studies the interaction between markets for
products and markets for intellectual property rights (patents) where
product innovation requires several complementary patents, each of
which is obtained as the result of a patent race. We show that ...
Why potential entry may increase platform sponsors' profit
(Working paper; Arbeidsnotat, 2005-09)
In this paper we analyze the incentives for platform sponsors to open
up their networks for independent rivals. We show that open access may
increase the platform sponsors’ profit levels and enhance quality improving
investments.
How to distribute information
(Working paper; Arbeidsnotat, 2005-10)
In this paper a difficult question is answered with a surprisingly simple answer.
A monopolist who possesses nested information can earn money from
selling it at different levels of precision to investors. The problem is to maximize
profits by choosing the optimal distribution of information among the
investors. I show that, the optimal distribution is to give all informed investors
the same ...
License fees. The case of Norwegian salmon farming
(Working paper; Arbeidsnotat, 2005-10)
The Norwegian salmon farming industry is one of the most important Norwegian export industries. The industry is also regulated to secure balanced and sustainable development. Current regulatory practice consists of licensing access to sea water. The government recently set an upper bound on the license fees; the purpose of our paper is to estimate the shadow price of the property right to determine ...