The article "Relational Contracting, Negotiation, and External Enforcement" has been published in The American Economic Review.
All research news from the Department of Business and Management science
Just how much machine learning algorithms can deliver to capesize earnings has been quantified in a landmark new piece of research, by students supervised by Roar Ådland.
The lockdown in Norway has been successful in reducing the pressure on the healthcare system. If Norway would have followed the more lenient Swedish response, the peak number of COVID19 hospitalizations would have been three times higher.
Roar Ådland, Pierre Cariou and Francois-Charles Wolff have revisited the science behind slow steaming and are questioning the validity of the green claims championed by many owners and politicians such as Emmanuel Macron.
NORCE to have a new centre for research-based innovation: Climate Futures will provide climate risk forecasts ranging from 10 days to 10 years ahead in time. NHH and SNF are two of the partners of the new SFI.
The article "Profit maximizing coalitions with shared capacities in distribution networks" has been published in European Journal of Operational Research.
Associate Professors at the Department of Business and Management Science, Floris Zoutman and Evelina Gavrilova-Zoutman, awarded for article on legalizing medical marijuana.
On Monday 15 June 2020 Evangelos Toumasatos will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Roar Ådland interviewed by The Economist: A midsized oil tanker’s fuel consumption drops by around 9 % after its hull is cleaned at sea. However, if the cleaning is done in a dry dock, that figure can be as much as 17 %.
Guttorm Schjelderup: An argument commonly used by the people behind letterbox companies registered in tax havens is that they operate from tax havens to avoid double taxation. Is that correct? And what is meant by double taxation?
Erling J. Hjelmeng, Hans Jarle Kind and Øystein Foros: Increased competition and innovation will contribute to higher income and secure employment for milk farmers.
Guttorm Schjelderup: Users of tax havens claim to do nothing wrong and that they want to avoid double taxation, but the legal users legitimate and support a system with great damaging effects.
Through the company Mycroft, PhD candidate Christian Braathen makes it easier to create good work schedules. He is now set to receive NOK 1 million from the Research Council of Norway.
Gunnar S. Eskeland: Everything that can be sped up now, is of great value. We are going to spend enormous amounts of money, and investments in carbon capture will not be in vain. The upside is high.
Ola Kvaløy: The probability for too strict measures against the coronavirus being introduced is far bigger than the probability for the opposite. Here are five reasons for that.
Johannes Mauritzen: The coronavirus is a serious threat to the world economy, at least temporarily. But what happens know also tells us about Norway's long term risk as an oil nation.
Everyone is talking about the climate crisis. Bergens Tidende presents six researchers who are actually doing something about it. Yewen Gu is one of them.
Gunnar S. Eskeland: We can not compensate all those who "lose" when we have to quit fossil fuels. The government must be looked upon as a somewhat unreliable support patrol that should show caution when it comes to compensations to fur farmers.
Guttorm Schjelderup: In the public debate wealth tax is emphasised as the reason why the richest people emigrate, but the tax savings by avoiding capital gains taxation amounts to much more.
Christian Braathen: So-called internally motivated employees perform best - when they are motivated. What happens when they are not motivated?
Are the financial institutions capable of detecting criminal activity, as required by the regulations?
UBS whistle blower Bradley C. Birkenfeld, Director of Group Compliance Mirella Elisa Os Wassiluk (DNB) and NHH Professor Guttorm Schjelderup are speaking at an NHH conference on financial secrecy in March.
Students focusing on subjects related to, or of importance to, the shipping industry and/or the marine insurance business may apply for this scholarship (deadline: 1 April).
The article "Pairwise local Fisher and naive Bayes: Improving two standard discriminants" has been published in Journal of Econometrics.
Roar Os Ådland writes about the sudden return of shipping pools in the news headlines this year.
Gunnar S. Eskeland and Asgeir Tomasgard: Equinor's plans concerning emission reductions are well and good, but Norwegian gas also needs carbon capture and storage, if we are to secure ourselves lasting, and profitable, customer relationships.
This week the Ministry of Transport received the report Transport21. It is a contribution to strategy for research, development and innovation in the transport sector, directed towards the government, R&D actors and business.
Øystein Foros and Hans Jarle Kind: The largest chain store does not automatically get a better purchasing price. It is a big blow for Tine to lose Norgesgruppen as a customer, but it will also cost Norgesgruppen dearly to find an alternative.
The article "Problem-driven scenario generation: an analytical approach for stochastic programs with tail risk measure" has been published in Mathematical Programming.
Leif K. Sandal and Gunnar S. Eskeland et al: We have a formidable opportunity to cooperate to take Western Norway forward.
On Tuesday November 26 Yuanming Ni will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
Gunnar S. Eskeland: A downsell in Equinor will probably not be possible for the government.
Petter Bjerksund, Linda Nøstbakken and Jarle Møen: The Norwegian Seafood Research Fund finances projects for University of Stavanger researchers, who then launch their own theories about taxation of economic rents.
Iver Bragelien: Naturally it is always rough to lose values you thought that you had, but it helps to be extremely rich when that happens.
The Ministry of Finance has appointed Professor Jarle Møen as Norwegian member of The Nordic Tax Research Council.
Øystein Foros and Frode Steen: Customers do not get to know when petrol prices are at their lowest.
On Thursday 17 October 2019 Aija Rusina will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
Malin Arve og Ignacio Herrera: To exclude small firms from public contracts destroys the market, both in the short run and in the long run.
Electric buses are great - particularly if they beat the "open class" competition. However, we must not miss other, and maybe even better, solutions.
NHH promotes Endre Bjørndal, Mario Guajardo and Arnt Ove Hopland as full professors at the Department of Business and Management Science.
The article "Bioeconomic modeling of seasonal fisheries" has been published in European Journal of Operational Research.
Øystein Foros and Hans Jarle Kind: Should the Norwegian Competition Authority intervene against possibly big differences in the chain store's purchase prices? The answer may be "well yes and no", but society will lose more if the Authority is too kind.
Gunnar S. Eskeland: Smoking all but disappeared, surprisingly quick and easy, in an interaction between politics and altered norms. That may work in climate politics as well.
Trond M. Døskeland: Finance can solve the climate crisis, but may also make matters worse.
Petter Bjerksund and Guttorm Schjelderup: When the government expropriates property, the compensation has to reflect the real loss. A trial to be held in Borgarting lagmannsrett this week should establish this principle.
The International Conference on Stochastic Programming was, for the first time, organized in Norway.
The article "RobinX: a three-field classification and unified data format for round-robin sports timetabling" has been published in European Journal of Operational Research.
Gunnar S. Eskeland: It is somewhat exciting what happens to the world's - and Norway's - remaining fossile resources. Do vi already see some of the tension in the North Sea?
The road toll debate: Pleasing those who scream, leads to a lot of screaming. Maybe that is what we are hearing
Gunnar S. Eskeland: In my opinion, road toll is good, but it can still be improved - and also exaggerated.
Øystein Foros and Mai Nguyen-Ones: Petrol prices are on an all time high. However, most of us do not need to pay more than maximum approximately NOK 16.
Ola Kvaløy: World leading economists turn their back on Milton Friedman.
Øystein Foros: It is not unreasonable that Booking.com wants to prevent hotels from being freeloaders. But competition between Net travel agencies has to be ensured.
Øystein Foros and Hans Jarle Kind: The debate concerning the advertisement boycott of Resett indicates that Petter Stordalen should call Don Draper, and that Resett should serve as an apprentice by blogger Sofie Elise Isachsen.
The article "Relational Contracts, Multiple Agents, and Correlated Outputs" has been published in Management Science.
The Center for Business Economics at NHH and SNF invited to a seminar on the Norwegian mobile market on May 8 at NHH’s campus in Oslo.
Erna Solberg want workers to constantly update their skills in order to meet the labour market's need of expertise in the future. NHH believes ‘shopping for courses’ can be the solution.
On Tuesday 9 April 2019 Mai Nguyen-Ones will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
Sale of unhealthy foods rises between 10 and 15 per cent in shops that offer self-service checkouts. When nobody is watching, we buy more sweets, crisps, fizzy drinks.
Petter Bjerksund and Guttorm Schjelderup: The Supreme Court has, open-eyed, set the standard interest far too high. Consequently, the compensations paid are too low.
Stein W. Wallace was invited as plenary speaker at the 20th conference of the French Operations Research & Decision Support Society (ROADEF).
Gunnar S. Eskeland and Kristin Linnerud: Good prospects for offshore wind and irreversible costs related to on-land wind are good reasons to choose a step by step development of on-land wind in Norway. It may prove profitable to wait.
Malin Arve: Is a new government item of expenditure to be sneaked in? Public Procurement (Statens Innkjøpssenter) becomes permanent, without a sufficiently thorough evaluation. We should not accept it.
Ola Kvaløy: Senior managers can thank good fortune for their bonus payments.
Andreas Orset combined economics and technology studies at NHH to adapt to the future job market. This secured him a permanent job a year and a half before graduating.
98.8 per cent of former NHH students have found relevant jobs. The majority are hired before completing their degree, a new candidate survey finds.
PhD candidate Mai Nguyen-Ones won this year's FIBE award for her paper «Price coordination with prior announcements in retail gasoline markets».
The article "Stochastic optimization models for a bike-sharing problem with transshipment" has been published in European Journal of Operational Research.
Corporations that invest in the tax havens blacklisted by the EU are penalised in the stock market. This shaming leads to weaker share prices.
The article "An Anatomy of Cartel Contracts" by Ari Hyytinen, Frode Steen and Otto Toivanen has been accepted for publication by the Economic Journal.
The article "Seasonality matters: a multi-season, multi-state dynamic optimization in fisheries" has been published in European Journal of Operational Research.
On Monday 10 December, Ørjan Mydland will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
The article "Relational contracts, multiple agents and correlated performances" by Ola Kvaløy and Trond E. Olsen has been accepted for publication by Management Science.
Petter Bjerksund and Trond M. Døskeland: By keeping the spending of oil money on todays level, we deceive the next generation of a third of the legacy. Spending should almost be halved.
The practical relevance of research is on the agenda when the Norwegian Tax Accounting Symposium 2018 takes place this week.
On Thursday 22 November 2018 Vit Procházka will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Jarle Møen: The wealth tax may be structured in such a way that owners of smaller firms are given relieves, while owners of big fortunes are not.
On Friday 26 October 2018 Hong Cai will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
In a recent column on VOXEU, Øystein Foros, Mai Nguyen-Ones and Frode Steen wrote a column on "gasoline price cycles"
Petter Bjerksund: We do not have to sell oil stocks to reduce the oil risk. The Government Pension Fund Global could rather issue a bond where the "interests" reflect the oil price.
The Center for Business Economics at NHH invited researchers, policymakers and the actors in the grocery sector to a workshop that took place at NHH on September 26.
On Tuesday 25 September 2018 Lars H Sendstad will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
The 16th lecture in memory of NHH Professor Karl Borch, scheduled for September 20, will be held by Robert C. Merton.
Gunnar S. Eskeland: We must not let sham arguments force the oil out of the Government Pension Fund Global. If the reasons are related to the climate, we will have to take the debate.
After three years of working around the clock, entrepreneur and master’s student Christian Braathen is set to launch the shift planner arbeidsplanen.no this week. He is already in talks with some major companies.
This autumn 21 new PhD research scholars have enrolled at NHH, eager to embark on the three or four year journey that lies ahead of them.
On Tuesday 28 August 2018 Yewen Gu will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Mario Guajardo, in collaboration with Gonzalo Zamorano and Guillermo Durán, programmed the 2018 schedule of Superliga, the main league of professional football in Argentina.
We are happy to invite you to a PhD course with Chad Syverson from the University of Chicago
Iver Bragelien: Bonus salary is used to promote performances, attract good co-workers and reduce the firm's risk. And it works.
Associate Professor Mario Guajardo has been selected as finalist of the EURO Excellence in Practice Award (EEPA).
Stein W. Wallace has been invited to give a plenary session at the XV Conference on Computational Management Science (CMS)
Stein W. Wallace has been invited to give a plenary session at the XXIV conference of the EURO working group on Locational Analysis (EWGLA).
The article "Collaborative transportation with overlapping coalitions" has been published in European Journal of Operational Research.
On Wednesday 23 May 2018 Evangelos Kyritsis will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
The article "Double tax discrimination to attract FDI and fight profit shifting: The role of CFC rules" has been accepted for publication in Journal of International Economics.
Gunnar S. Eskeland: Our fish is not worth much if only we can eat it. Much of the value lies in our neighbours also when it comes to power, wind and reservoirs.
The article "Job Loss and Regional Mobility" has been published in Journal of Labor Economics.
‘You represent an industry that has really felt the effects of the oil price drop at first-hand. But now the worst is over,’ said Minister of Trade and Industry Torbjørn Røe Isaksen at NHH’s shipping conference in Bergen.
The AutoLog project will research the usefulness of autonomous ships.
The article "Big Data Analytics in Operations Management" has been published in Production and Operations Management.
Media in the whole world can now compete to sell ads previously reserved for local newspapers, affecting price, content and diversity, write Simon P. Anderson, Øystein Foros and Hans Jarle Kind.