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Institutt for samfunnsøkonomi

Institutt for samfunnsøkonomi bidrar til forskningsbasert undervisning og kunnskapsutvikling i samfunnsøkonomiske disipliner og i metode på alle nivåer.

BIs vitenskapelige produksjon er registrert i den nasjonale databasen Cristin (Current Research Information System In Norway).

Publikasjoner

Srisuma, Sorawoot; Sanches, Fabio Miessi & Silva Junior, Daniel (2025)

The Welfare Effects of Supply and Demand Frictions in a Dynamic Pricing Game

Economic Journal. Doi: 10.1093/ej/ueaf008
Mysliwski, Mateusz; Sanches, Fabio Miessi, Junior, Daniel Silva & Srisuma, Sorawoot (2025)

The Welfare Effects of Supply and Demand Frictions in a Dynamic Pricing Game

Economic Journal. Doi: 10.1093/ej/ueaf008
Bechtold, Florian & Harang, Fabian Andsem (2025)

Pathwise regularization by noise for semilinear SPDEs driven by a multiplicative cylindrical Brownian motion

Infinite Dimensional Analysis Quantum Probability and Related Topics. Doi: 10.1142/S021902572450019X
Knutsen, Magnus Våge (2025)

Endogenous Prices in Markets with Reputational Concerns

RAND Journal of Economics. Doi: 10.1111/1756-2171.12502
Mysliwski, Mateusz; Rostom, May, Sanches, Fabio Miessi, Junior, Daniel Silva & Srisuma, Sorawoot (2025)

Identification and estimation of a search model with heterogeneous consumers and firms

Journal of Econometrics, 249. Doi: 10.1016/j.jeconom.2025.105956
Brekke, Kurt Richard; Dalen, Dag Morten & Straume, Odd Rune (2025)

Taking the competitor’s pill: When combination therapies enter pharmaceutical markets

Journal of Health Economics, 101, p. 1-22. Doi: 10.1016/j.jhealeco.2025.102976
Kinnerud, Karin (2025)

The Effects of Monetary Policy through Housing and Mortgage Choices on Aggregate Demand

Quantitative Economics.
Sørensen, Rune Jørgen & Geys, Benny (2025)

The Causal Effect of Affluence on Voter Turnout: New Evidence from Lottery Winnings

British Journal of Political Science, 55. Doi: 10.1017/S0007123424001005
Maurseth, Per Botolf; Masso, Jaan & Holmen, Rasmus Bøgh (2025)

FDI and trade for foreign market entry: theory and evidence from Estonia

Baltic Journal of Economics, 25(1), p. 39-71. Doi: 10.1080/1406099X.2025.2463863
Bensi, Manuel; Ingrosso, Gianmarco, Langone, Leonardo, Giordano, Patrizia, Inall, Mark, Mano, Beatriz, Sundfjord, Arild, Bailey, Allison Michelle, Foss, Øyvind, Daase, Malin Hildegard Elisabeth, Castro de la Guardia, Laura, Nilsen, Frank, David T, Divya, Renner, Angelika, Dumont, Estelle, Glowacki, Oskar, Ogg, Franziska, Olsen, Helene, Dølven, Knut Ola, Jones, Eleanor, Ferré, Benedicte, Skogseth, Ragnheid, Moskalik, Mateusz, Korhonen, Meri, Vogedes, Daniel Ludwig, Kovacevic, Vedrana & Paladini de Mendoza, Francesco (2025)

The Atlantification process in Svalbard: a broad view from the SIOS Marine Infrastructure network (ARiS)

Doi: 10.5281/zenodo.14425673
Gundersen, Thomas Størdal; Quaghebeur, Ewoud & Tretvoll, Håkon (2025)

Koronapandemien i en makroøkonomisk modell

Samfunnsøkonomen, 1, p. 37-55.

Vis sammendrag
De store variasjonene i viktige økonomiske størrelser under koronapandemien utgjør en utfordring for modeller som tallfestes på historiske tidsserier. I denne artikkelen presenterer vi en pragmatisk løsning på hvordan pandemiperioden kan håndteres i en DSGE-modell for norsk økonomi. Vi introduserer sjokk i den makroøkonomiske modellen NORA som kun får være aktive i pandemiårene. Med denne tilnærmingen kan vi analysere de relative bidragene fra ulike drivere av svingninger i økonomisk aktivitet under pandemien. Vi viser at å ikke ta hensyn til pandemispesifikke sjokk kan lede til en feilvurdering av de økonomiske konsekvensene av innretningen av finanspolitikken. Dette gjør vi ved å se på hvordan en permanent økning i merverdiavgiftssatsen slår ut i økonomisk aktivitet. I en modell uten pandemispesifikke sjokk undervurderes den økonomiske kostnaden med en faktor på fire.
Harang, Fabian Andsem & Bechtold, Florian (2025)

Pathwise regularization by noise for semilinear SPDEs driven by a multiplicative cylindrical Brownian motion

Infinite Dimensional Analysis Quantum Probability and Related Topics. Doi: 10.1142/S021902572450019X

Vis sammendrag
In this paper, we prove a regularization by noise phenomenon for semilinear SPDEs driven by multiplicative cylindrical Brownian motion and singular diffusion coefficient, addressing an open problem in Ref. 8. The analysis combines infinite-dimensional generalizations of arguments from Ref. 5 with a detailed maximal regularity analysis for semilinear SPDEs, utilizing Volterra-sewing techniques from Ref. 23.
Broer, Tobias; Druedahl, Jeppe, Harmenberg, Karl & Öberg, Erik (2025)

The Unemployment-Risk Channel in Business-Cycle Fluctuations

International Economic Review. Doi: 10.1111/iere.12773
Stauskas, Ovidijus & Sucarrat, Genaro (2025)

Testing the Zero-Process of Intraday Financial Returns for Non-Stationary Periodicity

Journal of Financial Econometrics, 23(3). Doi: 10.1093/jjfinec/nbaf013
Ebrahimi-Fard, Kurusch; Diehl, Joscha, Tindel, Samy & Harang, Fabian Andsem (2025)

On the Signature of an Image

Stochastic Processes and their Applications, 187. Doi: 10.1016/j.spa.2025.104661
Hjort, Anders Dahl; Hermansen, Gudmund Horn, Pensar, Johan & Williams, Jonathan P. (2024)

Uncertainty quantification in automated valuation models with locally weighted conformal prediction

arXiv.org. Doi: 10.48550/arXiv.2312.06531
Heggedal, Tom-Reiel & McKay, Thomas (2024)

Discounting in finite-time bargaining experiments

Journal of the Economic Science Association (JESA). Doi: 10.1007/s40881-024-00174-6
Grønneberg, Steffen & Irmer, Julien (2024)

Non-parametric Regression Among Factor Scores: Motivation and Diagnostics for Nonlinear Structural Equation Models

Psychometrika, p. 1-29. Doi: 10.1007/s11336-024-09959-4
Straume, Hans-Martin (2024)

Buyers in Norwegian salmon exports: Structure and trade margins

Aquaculture Economics & Management, 28(3), p. 376-395. Doi: 10.1080/13657305.2023.2300484
De Vos, Ignace & Stauskas, Ovidijus (2024)

Cross-section Bootstrap for CCE regressions

Journal of Econometrics, 240(1), p. 1-20. Doi: 10.1016/j.jeconom.2023.105648
Cox, Gary W.; Fiva, Jon H. & King, Max-Emil Mohn (2024)

Bound by Borders: Voter Mobilization Through Social Networks

British Journal of Political Science, 54(4), p. 1198-1216. Doi: 10.1017/S0007123424000164
Vantaggiato, Francesca P.; Murdoch, Zuzana, Kassim, Hussein, Geys, Benny & Connolly, Sara Jane (2024)

Intraorganizational mobility and employees’ work-related contact patterns: evidence from panel data in the European Commission

Journal of Public Administration Research and Theory (JPART), 34(4), p. 598-610. Doi: 10.1093/jopart/muae014
Foldnes, Njål; Moss, Jonas & Grønneberg, Steffen (2024)

Improved Goodness of Fit Procedures for Structural Equation Models

Structural Equation Modeling, p. 1-13. Doi: 10.1080/10705511.2024.2372028
Ile, Runar (2024)

Versality for pairs

Journal of Pure and Applied Algebra, 229(1). Doi: 10.1016/j.jpaa.2024.107779
Fiva, Jon H. & Nedregård, Oda (2024)

How Does Party Discipline Affect Legislative Behavior? Evidence from Within-Term Variation in Lame-Duck Status

Quarterly Journal of Political Science, 19(2), p. 191-216. Doi: 10.1561/100.00022094
Canova, Fabio (2024)

Should we trust cross sectional multiplier estimates?

Journal of applied econometrics, 39(4), p. 589-606. Doi: 10.1002/jae.3041

Vis sammendrag
I examine the properties of cross-sectional estimators of multipliers, elasticities, or pass-throughs when a conventional spatial macroeconomic specification generates the data. A number of important biases plague standard estimates; the most relevant one occurs when the units display heterogeneous dynamics. Methods that work well in this situation are suggested. An experimental setting shows the magnitude of the biases cross-sectional estimators display. Average estimates of local fiscal multipliers in the US states are compared and contrasted.
Schönhage, Nanna Lauritz & Geys, Benny (2024)

Partisanship, blame avoidance behaviours and voter reactions to allegations of political misconduct

Electoral Studies: an international journal on voting and electoral systems and strategy, 87, p. 1-20. Doi: 10.1016/j.electstud.2023.102742
Fagereng, Andreas; Onshuus, Helene & Torstensen, Kjersti Næss (2024)

The consumption expenditure response to unemployment: Evidence from Norwegian households

Journal of Monetary Economics, 146(103578), p. 1-20. Doi: 10.1016/j.jmoneco.2024.103578
Fiva, Jon H.; Izzo, Federica & Tukiainen, Janne (2024)

The gatekeeper's dilemma: Political selection or team effort

Journal of Public Economics, 234, p. 1-13. Doi: 10.1016/j.jpubeco.2024.105133
Korotov, Sergey & Vatne, Jon Eivind (2024)

On dihedral angle sums and number of facets for product polytopes

Journal of Geometry, 115(34), p. 1-13. Doi: 10.1007/s00022-024-00732-7
Canova, Fabio (2024)

FAQ: how do I estimate the output gap?

Economic Journal, 135(665), p. 59-80. Doi: 10.1093/ej/ueae072
Stauskas, Ovidijus & De Vos, Ignace (2024)

Handling Distinct Correlated Effects with CCE

Oxford Bulletin of Economics and Statistics, p. 1-28. Doi: 10.1111/obes.12650
Bacher, Annika (2024)

The Gender Investment Gap over the Life Cycle

The Review of financial studies. Doi: 10.1093/rfs/hhae068
Bacher, Annika; Grübener, Philipp & Nord, Lukas (2024)

Joint search over the life cycle

Journal of Monetary Economics, p. 1-24. Doi: 10.1016/j.jmoneco.2024.103696
Geys, Benny & Sørensen, Rune Jørgen (2024)

Transitory Income Windfalls and Charitable Giving: Evidence from Norwegian Register Data, 1993-2021

Economic Journal, p. 1-21. Doi: 10.1093/ej/ueae100
Canova, Fabio & Pappa, Evi (2024)

The macroeconomic effects of EU regional structural funds

Journal of the European Economic Association. Doi: 10.1093/jeea/jvae031
Geys, Benny; Lægreid, Per, Murdoch, Zuzana & Yackee, Susan Webb (2024)

I’m a Survivor: Political Dynamics in Bureaucratic Elites’ Partisan Identification

American Political Science Review, p. 1-15. Doi: 10.1017/S0003055424000844
Mehlum, Halvor; Natvik, Gisle James & Torvik, Ragnar (2024)

The impossible trinity: Competitive markets, free entry, and efficiency

Journal of Public Economics, 239, p. 1-12. Doi: 10.1016/j.jpubeco.2024.105240
Bhuller, Manudeep & Sigstad, Henrik (2024)

2SLS with multiple treatments

Journal of Econometrics, 242(1), p. 1-18. Doi: 10.1016/j.jeconom.2024.105785
Asche, Frank; Landazuri Concha, Ursula Alejandra, Øglend, Atle, Santika, Nita & Straume, Hans-Martin (2024)

Spillover effects from agglomeration in seafood exports

European Review of Agricultural Economics. Doi: 10.1093/erae/jbae028
Galle, Simon & Lorentzen, Linnea (2024)

The unequal effects of trade and automation across local labor markets

Journal of International Economics, 150, p. 1-26. Doi: 10.1016/j.jinteco.2024.103912
Foldnes, Njål; Uppstad, Per Henning, Grønneberg, Steffen & Thomson, Jenny (2024)

School entry detection of struggling readers using gameplay data and machine learning

Frontiers in Education, 9. Doi: 10.3389/feduc.2024.1487694
Bhuller, Manudeep & Sigstad, Henrik (2024)

Feedback and Learning: The Causal Effects of Reversals on Judicial Decision-Making

Review of Economic Studies, p. 1-39. Doi: 10.1093/restud/rdae073

Vis sammendrag
Do judges respond to reversals of their decisions? Using random assignment of cases across two stages of the criminal justice system in Norway and a novel dataset linking trial court decisions to reversals in appeals courts, we provide causal evidence on feedback effects in judicial decision-making. By exploiting differences in the tendencies of randomly assigned appeal panels to reverse trial court decisions, we show that trial court judges who receive a reversal of a sentence respond by updating the likelihood of imposing a prison sentence in the direction of the reversal in future cases. Consistent with a Bayesian learning model, we find that the responses are stronger for judges with weaker priors and for reversals corresponding to stronger signals. Our estimates, however, also indicate that judges overreact to reversals compared to Bayes’ rule.
Korotov, Sergey & Vatne, Jon Eivind (2024)

Conforming simplicial partitions of product-decomposed polytopes

Applications of Mathematics, p. 1-10. Doi: 10.21136/AM.2024.0163-24
Schröder, Maximilian (2024)

Probabilistic Quantile Factor Analysis

Journal of business & economic statistics, p. 1-14. Doi: 10.1080/07350015.2024.2396956
Godøy, Anna Aasen; Haaland, Venke Furre, Huitfeldt, Ingrid Marie Schaumburg & Votruba, Mark E (2024)

Hospital Queues, Patient Health, and Labor Supply

American Economic Journal: Economic Policy, 16(2), p. 150-181. Doi: 10.1257/POL.20210399
Santika, Nita; Oglend, Atle, Straume, Hans-Martin & Asche, Frank (2024)

Brexsea Trade and Uncertainty: Impact of Brexit on Seafood Exports

The World Economy. Doi: 10.1111/twec.13661
Schröder, Maximilian (2024)

Monitoring multi-country macroeconomic risk: A quantile factor-augmented vector autoregressive (QFAVAR) approach

Journal of Econometrics, p. 1-20. Doi: 10.1016/j.jeconom.2024.105730
Labonne, Paul (2024)

Asymmetric uncertainty: Nowcasting using skewness in real-time data

International Journal of Forecasting, p. 1-22. Doi: 10.1016/j.ijforecast.2024.05.003
Bjørnland, Hilde C & Zhulanova Skretting, Julia (2024)

The shale oil boom and the US economy: Spillovers and time-varying effects

Journal of applied econometrics, p. 1-21. Doi: 10.1002/jae.3059
Oglend, Atle; Asche, Frank & Straume, Hans-Martin (2024)

Crisis averted: Cross-market reallocation during the great trade collapse

The World Economy, 47(7), p. 2855-2870. Doi: 10.1111/twec.13565
Oglend, Atle; Asche, Frank & Straume, Hans-Martin (2024)

Rent formation and distortions due to quotas in biological production processes

Resource and Energy Economics, 77, p. 1-14. Doi: 10.1016/j.reseneeco.2024.101438
Ɖorđević, Jasmina & Dahl, Kristina Rognlien (2024)

Stochastic optimal control of pre-exposure prophylaxis for HIV infection for a jump model

Journal of Mathematical Biology, 89(5), p. 1-43. Doi: 10.1007/s00285-024-02151-3
Sørensen, Rune Jørgen (2024)

Are politicians more generous? Evidence from charitable giving

Journal of Economic Behavior and Organization, 227, p. 1-15. Doi: 10.1016/j.jebo.2024.106742
Campos-Martins, Susana & Sucarrat, Genaro (2024)

Modeling Nonstationary Financial Volatility with the R Package tvgarch

Journal of Statistical Software, 108(9), p. 1-38. Doi: 10.18637/jss.v108.i09
Aastveit, Knut Are; Fastbø, Tuva Marie, Granziera, Eleonora, Paulsen, Kenneth Sæterhagen & Torstensen, Kjersti Næss (2024)

Nowcasting Norwegian household consumption with debit card transaction data

Journal of applied econometrics, p. 1-25. Doi: 10.1002/jae.3076
Hamang, Jonas Hveding (2024)

Economic development and known natural resource endowment: Discovery rate differentials of oil

Journal of Development Economics, 170. Doi: 10.1016/j.jdeveco.2024.103290
Gola, Pawel (2024)

On the Importance of Social Status for Occupational Sorting

Economic Journal, 134(661), p. 2009-2040. Doi: 10.1093/ej/uead119
Cross, Jamie; Hoogerheide, Lennart, Labonne, Paul & van Dijk, Herman K. (2024)

Bayesian mode inference for discrete distributions in economics and finance

Economics Letters, 235, p. 1-4. Doi: 10.1016/j.econlet.2024.111579
Fjære-Lindkjenn, Jeanette; Aastveit, Knut Are, Karlman, Markus Johan, Kinnerud, Karin, Juelsrud, Ragnar Enger & Wold, Ella Getz (2024)

Hvordan virker utlånsforskriften? En oppsummering av forskningslitteraturen

Samfunnsøkonomen.

Vis sammendrag
I denne artikkelen forsøker vi å svare på om utlånsforskriften har virket etter hensikten og hvilke kostnader den påfører husholdningene. Forskningslitteraturen indikerer at boliglånsregulering bidrar til noe lavere gjelds- og boligprisvekst, men at det er mer usikkert om den reduserer husholdningenes sårbarhet for uforutsette hendelser som renteøkninger og arbeidsledighet. Utlånsforskriften påfører samtidig mange husholdninger kostnader ved at den begrenser muligheten for konsumglatting og kan gjøre det vanskeligere for unge å kjøpe sin første bolig. Reguleringen kan også forsterke viktigheten av formuende foreldre for muligheten til boligkjøp. Høy inflasjon og rente kan redusere behovet for forskriften og øke kostnadene.
Røed Larsen, Erling (2023)

House price seasonality, market activity, and the December discount

Real Estate Economics, 52(1), p. 110-139. Doi: 10.1111/1540-6229.12463

Vis sammendrag
In Norway, house prices tend to drop in December. This regularity is persistent across regions and over time. I exploit a transaction data set with high temporal granularity to document and estimate the size of the December discount. I control for a composition effect using a hedonic model and I control for unobserved heterogeneity by using repeat sales and involving ask prices and appraisal values. By segmenting into submarkets, I search for determinants of price seasonality. The evidence suggests that the December effect is linked to time-on-market for each unit and transaction volumes within each submarkets.
Cui, Guowei; Sarafidis, Vasilis & Yamagata, Takashi (2023)

IV estimation of spatial dynamic panels with interactive effects: large sample theory and an application on bank attitude towards risk

Econometrics Journal, 26(2), p. 124-146. Doi: 10.1093/ectj/utac026

Vis sammendrag
This paper develops a new instrumental variables estimator for spatial, dynamic panels with interactive effects under large N and T asymptotics. For this class of models, most approaches available in the literature are based on quasi-maximum likelihood estimation. The approach put forward here is appealing from both a theoretical and a practical point of view for a number of reasons. First, it is linear in the parameters of interest and computationally inexpensive. Second, the IV estimator is free from asymptotic bias. Third, the approach can accommodate endogenous regressors as long as external instruments are available. The IV estimator is consistent and asymptotically normal as N, T → ∞ , such that N/T → c , where 0 < c < ∞ . We study the determinants of risk attitude of banking institutions. The results show that the capital regulation introduced by the Dodd–Frank Act has succeeded in influencing banks’ behaviour.
Hunting, Martin Henrik; Hjort, Ingrid & Gjefsen, Hege Marie (2023)

COVID-19 among guestworkers in Norway

Tidsskrift for samfunnsforskning (TfS), 64(4), p. 303-319. Doi: 10.18261/tfs.64.4.1

Vis sammendrag
Guestworkers in Norway is a group we have little knowledge about, even though this group makes up nearly 4% of the Norwegian workforce in high seasons during a normal year. During the COVID-19 pandemic, migrant guestworkers in Norway were the subject of strict infection prevention measures, but there is little knowledge about actual infections in this group compared to residents. In this analysis, we study whether infection rates were higher among guestworkers compared to a relevant comparison group in the general population. A guestworker is a non-resident migrant worker with a temporary id-number (d number) and active employment. Our study gives valuable information on whether additional precautionary measures for this group would have been justified. In this paper we use employment data from the State Register of Employers and Employees (Aa-registeret) from April 1st, 2020 to October 1st, 2021, together with results from PCR tests. We compare the probability of infection among guestworkers in Norway with a group of employees who are permanent residents, controlling for gender, age, occupation and local infection rate. We find a lower confirmed incidence of COVID-19 among guestworkers, and no difference in positivity rate.
Straume, Hans-Martin; Asche, Frank, Oglend, Atle, Gaasland, Ivar, Pettersen, Ingrid Kristine & Sogn-Grundvåg, Geir (2023)

The structure of Norwegian seafood trade

Marine Policy, 159, p. 1-9. Doi: 10.1016/j.marpol.2023.105921

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While seafood is a highly traded commodity, lack of data has largely prevented examination of the firms and industries that are conducting the actual transactions. In this paper we use highly disaggregated data to provide an overview of the seafood exports from Norway, the world’s 2nd largest seafood exporting country, and a country where fisheries as well as aquaculture are important industries. The industry has a global reach with Norwegian seafood reaching 172 different countries in the period 2016–2020. While there are as many as 437 different exporting firms, this is relatively few firms compared to the 11,024 different buyers that import Norwegian seafood. There is significant heterogeneity in the export sector from very small firms handling only a few products to very large firms handling a large variety of products. The average firm is quite specialized and serves only 9 markets. However, there are also a handful of large exporters who ship products from all three main sectors in the Norwegian seafood industry to a large number of markets. The 10% largest companies make up 39% of the total export value and provide significant synergies between the aquaculture, pelagic and whitefish sectors.
Straume, Hans-Martin; Asche, Frank & Øglend, Atle (2023)

Intermediaries in Norwegian salmon exports

Aquaculture, 581. Doi: 10.1016/j.aquaculture.2023.740437
Straume, Hans-Martin; Asche, Frank, Landazuri-Tveteraas, Ursula, Misund, Bård, Pettersen, Ingrid Kristine & Zhang, Dengjun (2023)

Product forms and price transmission in major European salmon markets

Aquaculture, 582. Doi: 10.1016/j.aquaculture.2023.740508
De Vos, Ignace; Everaert, Gerdie & Sarafidis, Vasilis (2023)

A method to evaluate the rank condition for CCE estimators

Econometric Reviews, 43(2-4), p. 123-155. Doi: 10.1080/07474938.2023.2292383

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Institutt for samfunns­økonomi

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Institutt for samfunnsøkonomi