Working Papers

From Copenhagen Business School, Department of Economics
Copenhagen Business School, Department of Economics, Porcelaenshaven 16 A. 1.floor, DK-2000 Frederiksberg, Denmark.
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07-2001: THE RANDOM WALK OF STOCK PRICES: IMPLICATIONS OF RECENT NONPARA-METRIC TESTS

Christian Dahl and Steen Nielsen

06-2001: MARKET TRANSPARENCY AND COMPETITION POLICY

Peter Møllgaard and Per Overgaard

05-2001: ON THE PREDICTABILITY OF THE DANISH EQUITY PREMIUM

Jan Overgaard Olesen and Ole Risager

04-2001: EJERSKABSSTRUKTURER OG KONTROL-ALLOKERING I UNOTEREDE DANSKE VIRKSOMHEDER

Morten Bennedsen and Kasper Nielsen

03-2001: STOCK RETURNS AND BOND YIELDS IN DENMARK, 1922-99

Steen Nielsen and Ole Risager

02-2001: AFKAST OG RISIKO VED AKTIEINVESTE-RINGER PÅ KORT OG LANG SIGT

Steen Nielsen and Ole Risager

01-2001: MORAL COSTS, THE INFORMAL SECTOR AND UNEMPLOYMENT

Ann-Sofie Kolm and Birthe Larsen

18-2000: FORMULA APPORTIONMENT AND TRANSFER PRICING UNDER OLIGOPOLISTIC COMPETITION

Søren Nielsen, Pascalis Raimondos and Guttorm Schjederup

17-2000: NONCOOPERATIVE vs MINIMUM-RATE COMMODITY TAXATION

Morten Hvidt and Søren Nielsen

16-2000: CONTROL DILUTION AND DISTRIBUTION OF OWNERSHIP

Morten Bennedsen, Mogens Fosgerau and Daniel Wolfenzon

15-2000: AN ECONOMIC ANALYSIS OF INVESTOR PROTECTION IN CORPORATIONS WITH CONCENTRATED OWNERSHIP

Morten Bennedsen and Daniel Wolfenzon

14-2000: DOES ACTIVE LABOUR MARKET POLICY REDUCE UNEMPLOYMENT WHEN SEARCH IS ENDOGENOUS?

Trine Filges and Birthe Larsen

13-2000: IS UNEMPLOYMENT ALWAYS HIGHER WHEN INSIDERS DECIDE?

Trine Filges and Birthe Larsen

12-2000: MODELING THE DIVIDEND-PRICE RATIO: THE ROLE OF FUNDAMENTALS USING A REGIME-SWITCHING APPROACH

Steen Nielsen and Jan Overgaard Olesen

11-2000: REGIME-SWITCHING STOCK RETURNS AND MEAN REVERSION

Steen Nielsen and Jan Overgaard Olesen

10-2000: TESTS OF (ABUSE OF) DOMINATION: The Danish cement industry

Lisbeth la Cour and H. Peter Møllegaard

09-2000: Konjunkturanalyse for Bornholm, 1987 til 1996

Lars Lund

08-2000: INFORMATIONAL LOBBYING AND POLITICAL CONTRIBUTIONS

Morten Bennedsen and Sven Feldmann

07-2000: LOBBYING LEGISLATURES

Morten Bennedsen and Sven Feldmann

06-2000: STOCKS HEDGE AGAINST INFLATION IN THE LONG RUN: EVIDENCE FROM A COIN- TEGRATION ANALYSIS FOR DENMARK

Jan Overgaard Olesen

05-2000: RULES THAT MATTER: LIMITS TO COMPETITION POLICY HARMONISATION IN EU ENLARGEMENT

Peter Møllegaard and Jochen Lorentzen

04-2000: ON THE RELATIONSHIP BETWEEN THE DANISH STOCK AND BOND MARKET IN THE MEDIUM AND LONG TERM

Jan Overgaard Olesen and Ole Risager

03-2000: Reimbursement of Medicine Outlays – An Optimal Insurance Approach

Bodil O. Hansen and Hans Keiding

02-2000: KONJUNKTURANALYSE FOR BORNHOLM, 1987 TIL 1996. KAPITEL 3 ARBEJDSMARKEDET PÅ BORNHOLM 1987 TIL 1996

Lars Lund

01-2000: TRANSFERS AND GIFTS IN OG MODELS: MONETARY STEADY STATES

Christian Ghiglino, Bodil Olai Hansen and Mich Tved

11-1999: POLITICAL OWNERSHIP

Morten Bennedsen

10-1999: THE BALANCE OF POWER IN CLOSELY HELD CORPORATIONS

Morten Bennedsen and Daniel Wolfenzon

09-1999: PRODUCTION GAINS IN COST-EFFECTIVE- NESS ANALYSES - A WELFARE-THEORETI- CAL APPROACH

Bodil O. Hansen and Hans Keiding

08-1999: OM MULIGHEDERNE FOR AT REDUCERE DE OFFENTLIGE UDGIFTER TIL LÆGEMIDLER GENNEM ØGET KONKURRENCE

Niels Blomgren-Hansen

07-1999: KONJUNKTURANALYSE FOR BORNHOLM, 1987 TIL 1996

Lars Lund

06-1999: A COMPONENT-BASED ANALYSIS OF THE DANISH LONG-RUN MONEY DEMAND RELATION

Lisbeth la Cour

05-1999: SUCCESSION OG SAMFUNDS- ØKONOMISK EFFEKTIVITET

Niels Blomgren-Hansen

04-1999: THE POLITICS OF FOREIGN AID

Wolfgang Meyer and Pascalis Raimondos

03-1999: ON THE EFFECTS OF REDUCING THE GOVERNMENT`S ROLE IN THE LABOUR MARKET: A STYLIZED MODEL FOR EGYPT WITH SOME NUMERICAL POLICY EXAMPLES

Ole Risager and Chang-Po Yang

02-1999: RISIKO FOR KOLLAPS PÅ AKTIEMARKEDET- ELLER HVAD?

Jan Overgaard Olesen and Ole Risager

01-1999: INCONSEQUENTIAL HARMONIZATION OF DANISH COMPETITION LAW

Niels Blomgren-Hansen and Peter Møllgaard

18-1998: Macroeconomic perspectives on the Danish economy

Torben M. Andersen, Svend E. Hougaard Jensen and Ole Risager

17-1998: Understanding increasing returns to scale and economic geography

Dieter Urban

16-1998: Neoclassical growth, manufacturing agglomeration, and terms of trade

Dieter Urban

15-1998: The public discount rate and the uncertain budgetary flows

Syed Ahsan and Panagiotis Tsigaris

14-1998: Markedsmagt

Peter Møllgaard

13-1998: A simple model of commodity taxation and cross-border shopping

Søren Nielsen

12-1998: Konjunkturanalyse for Bornholm, 1987-1996. Kapitel 1

Lars Lund

11-1998: Incomplete contracts and the use of options to prevent hold-up in investments under uncertainty

Morten Sørensen

10-1998: Temporary partnerships as an information transmission mechanism

Peter Møllgaard and Per Overgaard

09-1998: Prisdiskrimination og effektiv samfundsmæssig ressourceanvendelse

Niels Blomgren-Hansen

08-1998: Optimal policy in OG models

Christian Ghiglino and Mich Tvede

07-1998: Random walk or mean reversion

Ole Risager

06-1998: Dynamic optimization in discrete time

Niels Kleis Frederiksen

05-1998: A note on interpreting consumption tax incidence in OLG models

Niels Kleis Frederiksen

04-1998: The economics of union cartelization

Niels Blomgren-Hansen

03-1998: The economic effects of restrictions on government budget deficits

Christian Ghiglino and Karl Shell

02-1998: Bosch-Siemens' investment in Slovenia

Peter Møllgaard and Philipp Schröder