Browsing Working papers by Title
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Dalgaard, Carl-Johan; Schultz, Esben Anton; Sørensen, Anders (Frederiksberg, 2009)[More information][Less information]
Abstract: Is the wage gap between majors in human arts and other fields caused by the education? If the educational choice is endogenous, the wage gap may instead be caused by selection. We document that individuals’ educational choice is correlated with that of older students and by the concentration of women in their high school. Conditional on high school fixed effects, these characteristics are unlikely to affect post-university wages and are plausible instruments for the educational choice. Our 2SLS estimates reveal that the gap in returns to education is negligible, implying that the wage gap is attributable to selection. URI: http://hdl.handle.net/10398/7989 Files in this item: 1
WP_Dalgaard_Schultz_Sorensen.pdf (417.8Kb) -
Munch, Jakob Roland; Rose Skaksen, Jan; Malchow-Møller, Nikolaj (København, 2008)[More information][Less information]
Abstract: In this paper, we propose and test a novel effect of immigration on the wages of native workers. Existing studies have focused on the wage effects that result from changes in the aggregate labour supply in a competitive labour market. We argue that if labour markets are not fully competitive, the use of immigrants may also affect wage formation at the most disaggregate level – the workplace. Using linked employeremployee data, we find that an increased use of workers from less developed countries has a significantly negative effect on the wages of native workers at the workplace – also when controlling for potential endogeneity of the immigrant share using both fixed effects and IV. Additional evidence suggests that this effect works at least partly through a general effect on the wage norm in the firm of hiring employees with poor outside options (the immigrants). URI: http://hdl.handle.net/10398/7665 Files in this item: 1
wp7-2008.pdf (243.0Kb) -
Meyer, Klaus E.; Tran, Yen Thi Thu; Nguyen, Hung Vo (København, 2005)[More information][Less information]
Abstract: Over the last thirty years, Vietnam evolved from "war after war" to an emerging economy with an attractive foreign investment policy and commitment to a liberalized economy. Although the GDP per capita is still considerably lower than in the Asian Tiger economies, and the institutional framework still reflects inheritances from the central plan system, Vietnam today has a vibrant economy with small businesses springing up at every street corner. Foreign investors have been flogging to Vietnam since the early 1990s, with a new peak of FDI inflow in 2004. This paper reviews the Vietnamese economy, society, culture, and policies towards foreign investment to inform those considering to invest in Vietnam, and to provide some practical advice. URI: http://hdl.handle.net/10398/7101 Files in this item: 1
wp58 doing business in vietnam.pdf (221.8Kb) -
Design, Access and Role of the ResearcherClausen, Lisbeth (København, 2004)[More information][Less information]
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Drejer, Ina; Laursen, Keld (Frederiksberg, 1997)[More information][Less information]
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Preliminary Experimental Evidence from Matrilineal and Patriarchal SocietiesBulte, Erwin; List, John A.; Gneezy, Uri; Andersen, Steffen (København, 2008)[More information][Less information]
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Melchior, Marie Riegels (, 2008)[More information][Less information]
Abstract: In terms of dress and fashion Denmark is an example of a West European peripheral country within the international fashion system. Since the Middle Ages, new fashions have found their way to Denmark through the internationally oriented royal family, the purchases of well-traveled citizens, various international and national fashion reports, and the international purchases by local retailers. With varying speed new cuts, colors and styles have impressed themselves upon both the everyday and festive fashions of the Danish wardrobe. The same foreign influence applies to local fashion production. Design, craftsmanship and technology has through time been shaped under influences from abroad. But these international influences have not undermined the recurring idea of a particular Danish dress and fashion culture. In the middle of the 19th century the prevailing view was that the peasants’ festive dress represented specific national dress. By the beginning of the 21st century discussions in the Danish fashion industry and industry policy concern Denmark’s status as a fashion nation and Copenhagen as a possible new global fashion center. This is due to the growing Danish fashion culture, the textile and clothing industry’s export success, and not least the fact that Denmark is a world-leading fur exporter. URI: http://hdl.handle.net/10398/7769 Files in this item: 1
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Cotta-Schønberg, Michael (København, 2005)[More information][Less information]
Abstract: The purpose of this paper is not to guess what the future of academic libraries will be, but to identify and understand the present driving forces with a view to choosing and influencing directions of development which will be advantageous to our users. URI: http://hdl.handle.net/10398/6936 Files in this item: 1
forside2005-2.pdf (96.85Kb) -
On the Operational Dynamics and Social Dimensions of Public-Private PartnershipsWeihe, Guri (København, 2006)[More information][Less information]
Abstract: Drawing upon extant alliance literature, this article substantiates the argument that we need to look beyond mere structural and formative aspects of cooperation in order to fully understand the performance antecedents of public-private partnerships. Currently, scholarly work on operational processes and behavioural dimensions is practically non-existent. This article tries to remedy the current gap in the literature by reviewing research findings on interfirm collaboration (alliances). On that basis a conceptual framework for analyzing partnership processes is developed. Finally, the antecedents of collaborative advantage are theoretically examined, and the organizational competences contributing to collaborative success are identified. The conclusion is that operational processes and social dynamics are vital drivers of collaborative advantage. Another significant conclusion is that public management research can benefit from drawing upon existing alliance research. Alliance scholars have during the past couple of decades accumulated an impressive amount of knowledge on different aspects of inter-firm cooperation, and therefore the learning potential for public management scholars seems to be quite enormous. URI: http://hdl.handle.net/10398/7380 Files in this item: 1
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Buch-Kromann, Matthias (Frederiksberg, 2010)[More information][Less information]
Abstract: DTAG is a versatile annotation tool that supports manual and semi-automatic annotation of a wide range of linguistic phenomena, including the annotation of syntax, discourse, coreference, morphology, and word alignments. It includes commands for editing general labeled graphs and graph alignments, comparing annotations, managing annotation tasks, and interfacing with a revision control system. Its visualization component can display graphs and alignments for entire texts in a compact format, with a highly flexible and configurable formatting scheme. It also provides a powerful search-replace mechanism with queries based on full first-order logic, which can be used to search for linguistic constructions and automatically apply graph transformations to collections of annotated graphs. URI: http://hdl.handle.net/10398/8222 Files in this item: 1
2010-wp-dtag (2).pdf (137.0Kb) -
Andersen, Steffen; Harrison, Glenn W.; Lau, Morten Igel; Rutström, Elisabet E. (, 2009)[More information][Less information]
Abstract: The most popular models of decision making use a single criteria to evaluate projects or lotteries. However, decision makers may actually consider multiple criteria when evaluating projects. We consider a dual criteria model from psychology. This model integrates the familiar tradeoffs between risk and utility that economists traditionally assume, allowance for rank-dependent decision weights, and consideration of income thresholds. We examine the issues involved in full maximum likelihood estimation of the model using observed choice data. We propose a general method for integrating the multiple criteria, using the logic of mixture models, which we believe is attractive from a decision-theoretic and statistical perspective. The model is applied to observed choices from a major natural experiment involving intrinsically dynamic choices over highly skewed outcomes. The evidence points to the clear role that income thresholds play in such decision making, but does not rule out a role for tradeoffs between risk and utility or probability weighting. URI: http://hdl.handle.net/10398/7798 Files in this item: 1
wp2-2009.pdf (282.4Kb) -
Global Competition, Collective Efficiency, and Local DevelopmentLorentzen, Jochen; Robbins, Glen; Barnes, Justin (København, 2004)[More information][Less information]
Abstract: The paper describes the formation of the Durban Auto Cluster in the context of trade liberalization. It argues that the improvement of operational competitiveness of firms in the cluster is prominently due to joint action. It tests this proposition by comparing the gains from cluster activities in the areas of supplier development, human resource development, logistics, and benchmarking, and by contrasting the impact of joint action against a host of other variables, notably international competition and technical assistance by foreign partners. URI: http://hdl.handle.net/10398/6598 Files in this item: 1
lorentzenrobbinsbarnesoctober2004.pdf (456.8Kb) -
Sørensen, Carsten; Trolle, Anders Bjerre (København, 2004)[More information][Less information]
Abstract: We derive an explicit solution to the portfolio problem of a power utility investor with preferences for wealth at a ¯nite investment horizon. The investor can invest in assets with return dynamics described as part of a general multivariate model. The modeling framework encompasses discrete-time VAR-models where some of the state-variables (e.g. expected excess returns) may not be directly observable. A realistic multivariate model is estimated and applied to analyze the portfolio implications of investment horizon and return predictability when real interest rates and expected excess returns on stock and bonds are not directly observed but must be estimated as part of the problem faced by the investor. The solution exhibits small variability in portfolio allocations over time compared to the case when excess returns are assumed observable. JEL Classification: G11 Keywords: Portfolio choice, predictability, VAR, unobserved state-variables, hedging demands URI: http://hdl.handle.net/10398/7151 Files in this item: 1
endeligt_wp_2004_8_030105.pdf (427.9Kb) -
Lagrange versus the HamiltonianKleis Frederiksen, Niels (København, 1998)[More information][Less information]
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in search of network performanceGeersbro, Jens; Hedaa, Laurids (København, 2002)[More information][Less information]
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Insights for International Strategic ManagementBenito, Gabriel R.G.; Petersen, Bent; Welch, Lawrence S. (Frederiksberg, 2011)[More information][Less information]
Abstract: Companies’ choice of foreign operation modes (FOM) has been a core subject of international business studies basically from its beginning (Hymer, 1960 [1976]; Root, 1964). A halfcentury of research has brought us a set of established perspectives on companies’ foreign operation mode choices; the most important being the economics based approaches of internalisation and transaction cost theories (Anderson and Gatignon, 1986; Buckley and Casson, 1976; Hennart, 1982), evolutionary and resource based approaches (Andersen, 1997; Kogut and Zander, 1993; Madhok, 1997), institutional approaches (Kostova and Zaheer, 1999; Meyer and Peng, 2005), and process models based on learning and decision behaviour theories (Johanson and Vahlne, 1977, 2009).... URI: http://hdl.handle.net/10398/8363 Files in this item: 1
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The co-creation of worth, calculative devices and calculative agencies in the Danish wind power marketKarnøe, Peter (København, 2004)[More information][Less information]
Abstract: Wind power generated electricity offers a unique vantage point on the nature of markets and the specific organizing processes by which markets become constructed, configured, and contested. Modern Wind power generated electricity emerged in Denmark after the first oil supply crisis in 1974 when various entrepreneurial actors responded to that situation and saw wind power as one possible solution to ‘the’ problem. Today wind power is globally the fastest growing energy technology and supplies significant amounts of energy in countries like Denmark and Germany, in Denmark wind power generated electricity supplies 20% of annual electricity consumption. Although the trajectory of wind power institutionally and materially is much more robust today than 25 years ago very few thought that this technology had such a future. In the context of the 1970s with modernization and emerging nuclear power, many evaluated wind power as a relic from the past, some imagined opportunities (doomed as unrealistic), but nobody imagined that wind power should become one of the important ‘weapons’ against the CO2-related climate change at the turn of the century. However, confronted with emergent technologies outside the existing evaluative frames and institutionalised categories, it is not about being right or wrong from an objective epistemology, but about what epistemologies are used to frame the potential worth of a potential new energy technology. URI: http://hdl.handle.net/10398/6668 Files in this item: 1
markets-melbourne-5.pdf (371.8Kb) -
an analysis of Danish medium-sized firmsEriksen, Bo; Døjbak, Dorthe (København, 2000)[More information][Less information]
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Jens, Frøslev Christensen (København, 1998)[More information][Less information]
Abstract: This paper discusses 1) the generic forces that drive the evolution of diversified industrial corporations and their implications for the corporate technology base, 2) the changing role of the central R&D lab in the context of these forces, and 3) the role of management of technology in promoting dynamic coherence in diversified - and highly decentralized - corporations. The line of argument in the paper is illustrated by an indepth case-study of Danfoss, a Danish multi-divisional corporation operating within mechatronical markets. URI: http://hdl.handle.net/10398/8109 Files in this item: 1
8778730406.pdf (136.4Kb)