Fagprofil

Tom-Reiel Heggedal

Førsteamanuensis - Institutt for samfunnsøkonomi

Biografi

Research areas
Applied Theory, Environmental Econ., Experimental Econ., Labor Econ, and Political Econ.

Teaching areas
Economic Growth, Environmental Economics, Microeconomics, and Strategy (Game Theory).

For further information, please see my academic homepage.

Publikasjoner

Andersen, Jørgen Juel & Heggedal, Tom-Reiel (2019)

Political Rents and Voter Information in Search Equilibrium

Games and Economic Behavior, 114, s. 146- 168. Doi: 10.1016/j.geb.2019.01.006

Political parties commited to grab rents may run for election, and even win, if citizens are uninformed. But, how is the political equilibrium affected if citizens can mitigate this information problem through costly information search? We propose a political equilibrium theory with endogenous information search and turnout. We show that: (i) the political equilibrium generates political uncertainty characterized by a distribution of rent policies; (ii) the expectation of this rent distribution is inversely U-shaped in the information search cost; (iii) turnout is lower and rents are higher the more proportional is the electoral system.

Bjertnæs, GH; Heggedal, Tom-Reiel & Jacobsen, Karl (2018)

Knowledge Spillovers and the Timing of Environmental R&D Subsidies

Sasson, Amir (red.). At the Forefront, Looking Ahead: Research-Based Answers to Contemporary Uncertainties of Management

Heggedal, Tom-Reiel; Helland, Leif & Joslin, Knut-Eric Neset (2018)

Should I stay or should I go? Bandwagons in the lab

Journal of Economic Behavior and Organization, 150(June), s. 86- 97. Doi: 10.1016/j.jebo.2018.03.019

We experimentally investigate the impact of strategic uncertainty and complementarity on leader and follower behavior using the model of Farrell and Saloner (1985). At the core of the model are endogenous timing, irreversible actions and private valuations. We find that strategic complementarity strongly determines follower behavior. Once a subject decides to abandon the status quo the probability that other players jump on the bandwagon increases sharply. However, there is a reluctance to lead when leading is a conditional best response. We explain this deviation from the neo-classical equilibrium by injecting some noise in the equilibrium concept. We also find that cheap talk improves efficiency.

Greaker, Mads; Heggedal, Tom-Reiel & Rosendahl, Knut Einar (2018)

Environmental Policy and the Direction of Technical Change

The Scandinavian Journal of Economics, 120(4), s. 1100- 1138. Doi: 10.1111/sjoe.12254

Should governments direct R&D from "dirty" into "clean" technologies? How im-portant is this compared to carbon pricing? We inquire into this, introducing twonovelties compared to recent literature. We introduce decreasing returns to R&D, andallow future carbon taxes to in‡uence current R&D decisions. Our results suggest thatgovernments should prioritize clean R&D. Dealing with major environmental problemsrequires R&D to shift to clean technology. However, with most researchers workingwith clean technology, both productivity spillovers and future risks of being replacedincrease. Consequently, the wedge between private and social value of an innovation islargest for clean technologies.

Geys, Benny; Heggedal, Tom-Reiel & Sørensen, Rune Jørgen (2017)

Are Bureaucrats Paid like CEOs? Performance Compensation and Turnover of Top Civil Servants

Journal of Public Economics, 152, s. 47- 54. Doi: 10.1016/j.jpubeco.2017.05.006

Recent research explores the effect of financial and career incentives on public-sector hiring processes and subsequent performance. The reverse relation between performance and bureaucrats’ compensation and turnover has received only limited attention. Due to the distinct features of public-sector organizations, bureaucrats are traditionally argued to require either permanent positions and fixed wages, or low-powered performance incentives. This article studies how the performance of top civil servants in Norwegian local governments affects their compensation and turnover. We thereby build on a unique new dataset over the period 1991-2014. Our results indicate that better performing top civil servants obtain a higher compensation and are less likely to be replaced. Nonetheless, these incentives remain low-powered in line with agency theory prescriptions.

Heggedal, Tom-Reiel; Moen, Espen Rasmus & Preugschat, Edgar (2017)

Productivity spillovers through labor mobility in search equilibrium

Journal of Economic Theory, 169, s. 551- 602. Doi: 10.1016/j.jet.2017.03.003

This paper proposes an explicit model of spillovers through labor flows in a framework with search frictions. Firms can choose to innovate or to imitate by hiring a worker from a firm that has already innovated. We show that if innovating firms can commit to long-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage contracts, there is too little innovation and too much imitation in equilibrium. Our model is tractable and allows us to analyze welfare effects of various policies in the limited commitment case. We find that subsidizing innovation and taxing imitation improves welfare. Moreover, allowing innovating firms to charge different forms of fees or rent out workers to imitating firms may also improve welfare. By contrast, non-pecuniary measures that reduce the efficiency of the search process, always reduce welfare.

Heggedal, Tom-Reiel & Rosendahl, Knut Einar (2015)

Norsk klimapolitikk i et globalt perspektiv

Magma - Tidsskrift for økonomi og ledelse, 18(5), s. 65- 77. - Fulltekst i vitenarkiv

Heggedal, Tom-Reiel (2015)

Knowledge Spillovers and R&D Subsidies to New, Emerging Technologies

Economics of Innovation and New Technology, 24, s. 710- 733. Doi: 10.1080/10438599.2014.983691

Heggedal, Tom-Reiel & Helland, Leif (2014)

Platform selection in the lab

Journal of Economic Behavior and Organization, 99, s. 168- 177. Doi: 10.1016/j.jebo.2013.12.004

Heggedal, Tom-Reiel & Jacobsen, Karl (2011)

Timing of innovation policies when carbon emissions are restricted: An applied general equilibrium analysis

Resource and Energy Economics, 33(4), s. 913- 937. Doi: 10.1016/j.reseneeco.2010.12.002

Greaker, Mads & Heggedal, Tom-Reiel (2010)

Lock-In and the Transition to Hydrogen Cars: Should Governments Intervene?

The B.E. Journals in Economic Analysis & Policy, 10(1)

Heggedal, Tom-Reiel; Bye, Brita & Fæhn, Taran (2009)

Welfare and growth impacts of innovation policies in a small, open economy: An applied general equilibrium analysis

Economic Modelling, 26, s. 1075- 1088.

Heggedal, Tom-Reiel & Kverndokk, Snorre (2007)

The Cost of Greenhouse Gas Mitigation in Europe - Kyoto and Beyond

International Association for Energy Economics Newsletter

Helland, Leif; Alice, Ciccone, Kjell Arne, Brekke & Heggedal, Tom-Reiel (2018)

Reference points in sequential bargaining: Theory and experiment

[Academic lecture]. Department seminar; division of social sciences, NYU AD.

Heggedal, Tom-Reiel; Moen, Espen Rasmus & Riis, Christian (2015)

Agglomerasjonsmodell

[Report]. BI CENTER FOR RESEARCH IN ECONOMICS AND MANAGEMENT.

Heggedal, Tom-Reiel; Espen R, Moen & Riis, Christian (2015)

Arbeidstilbudsmodell

[Report]. BI CENTER FOR RESEARCH IN ECONOMICS AND MANAGEMENT.

Andersen, Jørgen Juel & Heggedal, Tom-Reiel (2015)

Political Rents and Voter Information in Search Equilibrium

[Academic lecture]. Invited seminar at VATT, Helsinki.

Heggedal, Tom-Reiel; Moen, Espen R & Edgar, Preugschat (2014)

Productivity spillovers through labor mobility

[Report]. CEPR.

Heggedal, Tom-Reiel; Moen, Espen R & Riis, Christian (2014)

Samfunnsøkonomiske virkninger av fergefri E-39 Stavanger-Bergen

[Report]. CREAM.

Heggedal, Tom-Reiel; Greaker, Mads & Rosendahl, Knut Einar (2013)

The Environment and Redirection of Technical Change

[Academic lecture]. European Economic Association, Gothenburg, 2013.

Heggedal, Tom-Reiel; Rosendahl, Knut Einar & Greaker, Mads (2013)

The Environment and Redirection of Technical Change

[Academic lecture]. European Association for Environmental and Resource Economics, Toulouse, 2013.

Heggedal, Tom-Reiel & Andersen, Jørgen Juel (2013)

Political Rents and Search for Information

[Academic lecture]. International Institute of Public Finance, Sicily, 2013.

Andersen, Jørgen Juel & Heggedal, Tom-Reiel (2013)

Political Search

[Academic lecture]. ESOP/Oxcarre Meeting 2013.

Andersen, Jørgen Juel & Heggedal, Tom-Reiel (2013)

Political Search

[Academic lecture]. Journées Louis-André Gérard-Varet 2013.

Heggedal, Tom-Reiel (2012)

Productivity Spillovers Through Labor Mobility

[Academic lecture]. European Economic Association, 2012.

Heggedal, Tom-Reiel (2012)

Productivity Spillovers Through Labor Mobility

[Academic lecture]. Durham Business School.

Heggedal, Tom-Reiel (2012)

Productivity Spillovers Through Labor Mobility

[Academic lecture]. Society of Economc Dynamics.

Helland, Leif & Heggedal, Tom-Reiel (2012)

Coordination in two sided experimental markets

[Academic lecture]. Konferanse i regi av Economic Science Association (ESA).

Helland, Leif & Heggedal, Tom-Reiel (2012)

Ongoing quest for QWERTY

[Report]. Handelshøyskolen BI.

Heggedal, Tom-Reiel; Espen R, Moen & Edgar, Preugschat (2011)

Knowledge Spillovers in Competetive Search Equilibrium

[Academic lecture]. Forskningsseminar UiO.

Heggedal, Tom-Reiel & Espen R., Moen (2011)

Knowledge Spillovers in Competitive Search Equilibrium

[Academic lecture]. Oslo-Aarhus labor conference.

Heggedal, Tom-Reiel; Espen R, Moen & Edgar, Preugschat (2011)

Knowledge Spillovers in Competitive Search Equilibrium

[Academic lecture]. Search and Matching inaugural conference.

Bye, Brita; Heggedal, Tom-Reiel & Fæhn, Taran (2009)

Teknologiutvikling, klima og virkemiddelbruk

[Popular scientific article]. Rapporter - Statistics Norway

Bye, Brita; Heggedal, Tom-Reiel & Fæhn, Taran (2009)

Er teknologipolitikk et egnet virkemiddel i den norske klimapolitikken?

[Popular scientific article]. Samfunnsøkonomen

Heggedal, Tom-Reiel & Jacobsen, K (2009)

Er særskilt støtte til "månelandingen" på Mongstad effektiv politikk?

[Article in business/trade/industry journal]. Økonomiske analyser, s. 42- 48.

Akademisk grad
År Akademisk institusjon Grad
2009 University of Oslo Ph.D.
2004 University of Oslo Master Cand. Polit.
Arbeidserfaring
År Arbeidsgiver Tittel
2013 - Present BI Norwegian Business School Associate professor
2010 - 2013 Statistics Norway Research Fellow (Adjunct)
2009 - 2013 BI Norwegian Business School Assistant Professor
2004 - 2009 Statistics Norway Analyst
2007 - 2007 Resources for the Future Visiting Scholar
2006 - 2006 Center for Advanced Study Visiting Scholar
1993 - 1999 Norwegian Special Forces (Hærens Jegerkommando/Forsvarets Spesialkommando): Operative