Steinar Ekern

Professor Emeritus Steinar Ekern

+47 55 95 92 79
Business and Management Science
Finance Management Science Economics of Uncertainty Risk Management


Steinar Ekern is a Professor Emeritus at NHH since 2011, having been on the NHH faculty since 1974, and as a Professor of Business since 1981. He received his Ph.D. (Business) in 1973 and a M.S. (Operations Research) in 1972, both from Stanford University.

His main research areas were economics of uncertainty and financial economics, including financial markets, investments, capital budgeting, contingent claims analysis, real options, risk management, quantitative analysis, and natural resource valuation. His joint contributions to the early literatures on economics with incomplete market and on the real options approach appear in collections of classical writings.

His research was recognized by being listed in the Who’s Who in Economics 3rd Ed. (2nd Ed.), Edward Elgar 1999 (Wheatsheaf 1984). Selected publications include Journal of Finance, Bell Journal of Economics (now Rand Journal of Economics), Financial Management, Economica, Journal of the Operational Society, Omega, and Energy Economics. He has also headed or participated in many applied projects (related to uncertainty modelling, investment evaluations, petroleum, shipping, insurance, and public policy).

Selected publications

Author(s) Title Publisher
Ekern, Steinar, Wilson, Robert B. On the Theory of the Firm in an Economy with Incomplete Markets Incomplete Markets (Eds. Michael Magill and Martine Quinzii), Vol. 225 i The International Library of Critical Writings in Economics series, 2008
Ekern, Steinar, Wilson, Robert B. On the Theory of the Firm in an Economy with Incomplete Markets Game Theory in the Tradition of Bob Wilson, page 78 - 88, 2002
Ekern, Steinar Preface: Background of the Ekern-Wilson Article Game Theory in the Tradition of Bob Wilson, page 75 - 77, 2002
Ekern, Steinar, Theil, Michael Eine Analyse der Zusammenhänge zwischen Umfang und Duration von Investitionen Journal für Betriebswirtschaft Volume 48 (5-6), page 277 - 289, 1998
Ekern, Steinar, Persson, Svein-Arne Exotic Unit-Linked Life Insurance Contracts The Geneva Papers on Risk and Insurance Theory Volume 21 (1), page 35 - 63, 1996
Bjerksund, Petter, Ekern, Steinar Managing Investment Opportunities under Price Uncertainty: From "Last Chance" to "Wait and See" Strategies Financial Management Volume 19 (3), page 65 - 83, 1990
Ekern, Steinar An Option Pricing Approach to Evaluating Petroleum Projects, Energy Economics Energy Economics Volume 10 (2), page 91 - 99, 1988
Ekern, Steinar Adaptive Exponential Smoothing Revisited Journal of the Operational Research Society Volume 32 (9), page 775 - 782, 1981
Ekern, Steinar Time Dominance Efficiency Analysis Journal of Finance Volume 36 (5), page 1023 - 1034, 1981
Ekern, Steinar Increasing nth Degree Risk Economics Letters Volume 6 (4), page 329 - 333, 1980
Ekern, Steinar Comparative Statics and Risk Aversion Economics Letters Volume 5 (2), page 125 - 128, 1980
Ekern, Steinar Stochastic Break-Even Points Journal of the Operational Research Society Volume 30 (3), page 271 - 275, 1979
Ekern, Steinar On the Inadequacy of a Probabilistic Internal Rate of Return Journal of Business Finance & Accounting Volume 6 (2), page 229 - 237, 1979
Ekern, Steinar The New Soviet Incentive Model: Comment Bell Journal of Economics Volume 10 (2), page 720 - 725, 1979
Ekern, Steinar Forecasting with Adaptive Filtering: A Critical Reexamination Operational Research Quarterly Volume 27 (3-ii), page 705 - 715, 1976
Ekern, Steinar On the Theory of the Firm in an Economy with Incomplete Markets: An Addendum Bell Journal of Economics Volume 6 (1), page 388 - 393, 1975
Ekern, Steinar, Wilson, Robert B. On the Theory of the Firm in an Economy with Incomplete Markets Bell Journal of Economics and Management Science Volume 5 (1), page 171 - 180, 1974
Ekern, Steinar Taxation, Political Risk and Portfolio Selection Economica Volume 38 (152), page 421 - 430, 1971
More publications in Cristin

Discussion Papers

Department of Business and Management Science, NHH

author pages

Research areas at the department

Main: Business Economics

  • Financial Economics
  • Capital Budgeting
  • Investments