Discussion Papers

From University of Copenhagen. Department of Economics
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11-01: Regulated Competition under Increasing Returns to Scale

Thomas Greve and Hans Keiding

10-32: The Role of Technology and Institutions for Growth: Danish Creameries in the late Nineteenth Century

Ingrid Henriksen, Markus Lampe and Paul Sharp

10-31: Imperfect Knowledge, Asset Price Swings and Structural Slumps: A Cointegrated VAR Analysis of Their Interdependence

Katarina Juselius

10-30: An Invariance Property of the Common Trends under Linear Transformations of the Data

Soren Johansen and Katarina Juselius

10-29: A Necessary Moment Condition for the Fractional Functional Central Limit Theorem

Soren Johansen and Morten Nielsen

10-28: An Extension of Cointegration to Fractional Autoregressive Processes

Soren Johansen

10-27: The Analysis of Nonstationary Time Series Using Regression, Correlation and Cointegration with an Application to Annual Mean Temperature and Sea Level

Soren Johansen

10-26: Inequality and Political Clientelism: Evidence from South India

Thomas Markussen

10-25: Testing and Inference in Nonlinear Cointegrating Vector Error Correction Models

Dennis Kristensen and Anders Rahbek

10-24: Forming and Dissolving Partnerships in Cooperative Game Situations

Trine Platz and Lars Peter Østerdal

10-23: A Search Model with a Quasi-Network

João Miguel Ejarque

10-22: Stepwise Thinking in Strategic Games with Incomplete Information

Carsten S. Nielsen

10-21: n-Person Nonconvex Bargaining: Efficient Proportional Solution

Jens Hougaard and Mich Tvede

10-20: Are the Intraday Effects of Central Bank Intervention on Exchange Rate Spreads Asymmetric and State Dependent?

Rasmus Fatum, Jesper Pedersen and Peter Sørensen

10-19: Unawareness in Dynamic Psychological Games

Carsten S. Nielsen and Alexander Sebald

10-18: Subjective Performance Evaluations, Self-esteem, and Ego-threats in Principal-agent Relations

Alexander Sebald and Markus Walzl

10-17: Demand Uncertainty: Exporting Delays and Exporting Failures

Daniel Nguyen

10-16: Baseline Rationing

Jens Hougaard, Juan Moreno-Ternero and Lars Peter Østerdal

10-15: Likelihood Inference for a Fractionally Cointegrated Vector Autoregressive Model

Soren Johansen and Morten Nielsen

10-14: Was there an ‘Industrious Revolution’ before the Industrial Revolution? An Empirical Exercise for England, c. 1300-1830

Robert Allen and Jacob Weisdorf

10-13: The Neolithic Revolution from a Price-Theoretic Perspective

Ricardo Andrés Guzmán and Jacob Weisdorf

10-12: On the Role of Theory and Evidence in Macroeconomics

Katarina Juselius

10-11: Serving the Public Interest

Thomas Markussen and Jean-Robert Tyran

10-10: Semi-Nonparametric Estimation and Misspecification Testing of Diffusion Models

Dennis Kristensen

10-09: Democracy, Redistributive Taxation and the Private Provision of Public Goods

Thomas Markussen

10-08: Measuring the Willingness to Pay to Avoid Guilt: Estimation using Equilibrium and Stated Belief Models

Charles Bellemare, Alexander Sebald and Martin Strobel

10-07: Bootstrap Sequential Determination of the Co-integration Rank in VAR Models

Giuseppe Cavaliere, Anders Rahbek and Robert Taylor

10-06: Discussion of The Forward Search: Theory and Data Analysis by Anthony C. Atkinson, Marco Riani, and Andrea Ceroli

Soren Johansen and Bent Nielsen

10-05: The Physiological Foundations of the Wealth of Nations

Carl-Johan Dalgaard and Holger Strulik

10-04: The Strange Birth of Liberal Denmark: Danish trade protection and the growth of the dairy industry since the mid-nineteenth century

Ingrid Henriksen, Markus Lampe and Paul Sharp

10-03: Malta and the Nineteenth Century Grain Trade: British free trade in a microcosm of Empire?

Paul Sharp

10-02: Public Goods and Voting on Formal Sanction Schemes: An Experiment

Louis Putterman, Jean-Robert Tyran and Kenju Kamei

10-01: Citation Success: Evidence from Economic History Journal Publications

Gianfranco Di Vaio, Daniel Waldenström and Jacob Weisdorf

09-27: Voting on Thresholds for Public Goods: Experimental Evidence

Julian Rauchdobler, Rupert Sausgruber and Jean-Robert Tyran

09-26: Subjective Expected Utility Theory with “Small Worlds”

Jacob Gyntelberg and Frank Hansen

09-25: Product Variety and the Demographic Transition

Ricardo Guzmán and Jacob Weisdorf

09-24: Microfoundations of Social Capital

Christian Thöni, Jean-Robert Tyran and Erik Wengström

09-23: Why are Rich Countries more Politically Cohesive?

Carl-Johan Dalgaard and Ola Olsson

09-22: Aid and Growth: Have We Come Full Circle?

Channing Arndt, Sam Jones and Finn Tarp

09-21: The Forgotten Property Rights: Restrictions on Land Use in Vietnam

Thomas Markussen, Finn Tarp and Katleen Van den Broeck

09-20: Something Rational in the State of Denmark? The Case of an Outsider in the Cobden-Chevalier Network 1860-1875

Markus Lampe and Paul Sharp

09-19: Selling Digital Music: Business Models for Public Goods

Jens Hougaard and Mich Tvede

09-18: Lightning, IT Diffusion and Economic Growth across US States

Thomas Andersen, Jeanet Bentzen, Carl-Johan Dalgaard and Pablo Selaya

09-17: General Equilibrium without Utility Functions: How far to go?

Yves Balasko and Mich Tvede

09-16: Time to reject the privileging of economic theory over empirical evidence? A Reply to Lawson (2009)

Katarina Juselius

09-15: Wage Dispersion and Decentralization of Wage Bargaining

Christian Dahl, Daniel le Maire and Jakob Munch

09-14: Aggregation of Information and Beliefs: Asset Pricing Lessons from Prediction Markets

Marco Ottaviani and Peter Sørensen

09-13: An I(2) Cointegration Model With Piecewise Linear Trends: Likelihood Analysis And Application

Takamitsu Kurita, Heino Bohn Nielsen and Anders Rahbek

09-12: Incomplete Financial Markets and Jumps in Asset Prices

Hervé Crès, Tobias Markeprand and Mich Tvede

09-11: Ranking Economic History Journals: A Citation-Based Impact-Adjusted Analysis

Gianfranco Di Vaio and Jacob Weisdorf