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Daunfeldt, Sven-Olov
Publications (9 of 9) Show all publications
Daunfeldt, S.-O. & Rudholm, N. (2009). Revenues as a proxy for profits: a cautionary note. Applied Economics Letters, 16(7), 679-681, Article ID PII 785052957.
Open this publication in new window or tab >>Revenues as a proxy for profits: a cautionary note
2009 (English)In: Applied Economics Letters, ISSN 1350-4851, E-ISSN 1466-4291, Vol. 16, no 7, p. 679-681, article id PII 785052957Article in journal (Refereed) Published
Abstract [en]

In the entry literature, researchers sometimes use revenues as a proxy for profits because this is the only data available. Doing so could seriously bias the results.

Keywords
income; microeconomics; profitability; welfare economics
National Category
Economics and Business
Identifiers
urn:nbn:se:hig:diva-1695 (URN)10.1080/13504850701221774 (DOI)000265380300006 ()2-s2.0-67650224960 (Scopus ID)
Available from: 2008-05-15 Created: 2008-05-15 Last updated: 2018-03-13Bibliographically approved
Daunfeldt, S.-O., Selander, C. & Wikström, M. (2009). Taxation, Dividend Payments and Ex-Day Price Changes. Multinational Finance Journal, 13(1/2), 135-154
Open this publication in new window or tab >>Taxation, Dividend Payments and Ex-Day Price Changes
2009 (English)In: Multinational Finance Journal, ISSN 1096-1879, Vol. 13, no 1/2, p. 135-154Article in journal (Refereed) Published
Identifiers
urn:nbn:se:hig:diva-1699 (URN)
Available from: 2008-05-15 Created: 2008-05-15 Last updated: 2018-03-13Bibliographically approved
Daunfeldt, S.-O. & de Luna, X. (2008). Central bank independence and price stability: evidence from OECD-countries. Oxford Economic Papers, 60(3), 410-422
Open this publication in new window or tab >>Central bank independence and price stability: evidence from OECD-countries
2008 (English)In: Oxford Economic Papers, ISSN 0030-7653, E-ISSN 1464-3812, Vol. 60, no 3, p. 410-422Article in journal (Refereed) Published
Abstract [en]

In this paper, we use a non-parametric regression method to compare the transition process from high to low inflation with the implementation dates of central bank independence reforms. In most countries, price stability is achieved before more independence is given to the central bank. Moreover, for those countries which have implemented a central bank independence reform under a high inflation regime, no evidence is found that the reforms have actually led to price stability. This suggests that the credibility of a low inflation goal can be achieved without institutional reforms which grant the central bank more independence from the political policymakers.

Keywords
central bank; independence; inflation; institutional reform; OECD; policy implementation; regression analysis
National Category
Economics
Identifiers
urn:nbn:se:hig:diva-1697 (URN)10.1093/oep/gpn004 (DOI)000257190500002 ()2-s2.0-47049092482 (Scopus ID)
Available from: 2008-05-15 Created: 2008-05-15 Last updated: 2018-03-13Bibliographically approved
Daunfeldt, S.-O., Rudholm, N. & Rämme, U. (2008). Congestion charges and retail revenues: results from the Stockholm road pricing trial. Transportation Research Part A: Policy and Practice, 43(3), 306-309
Open this publication in new window or tab >>Congestion charges and retail revenues: results from the Stockholm road pricing trial
2008 (English)In: Transportation Research Part A: Policy and Practice, ISSN 0965-8564, E-ISSN 1879-2375, Vol. 43, no 3, p. 306-309Article in journal (Refereed) Published
Abstract [en]

This paper studies the impact of the Stockholm road pricing trial on retail revenues. The analysis is performed using revenue data from 14 shopping malls, 9 within the tool area and 5 outside the tool area. The data also include revenue data from a sample of retail stores located along the main shopping streets in Stockholm. The results show that the Stockholm road pricing trial did not negatively affect retail revenue, neither in shopping malls nor in the sample of retail stores.

Keywords
Congestion charge; Congestion fee; Retail profits; Retail revenues; Road toll
National Category
Economics
Identifiers
urn:nbn:se:hig:diva-1698 (URN)10.1016/j.tra.2008.09.005 (DOI)000264591500008 ()2-s2.0-60449092608 (Scopus ID)
Available from: 2008-05-15 Created: 2008-05-15 Last updated: 2018-03-13Bibliographically approved
Daunfeldt, S.-O. & Hellström, J. (2007). Intra-household Allocation of Time to Household Production Activities: Evidence from Swedish Household Data. Labour, 21(2), 189-207
Open this publication in new window or tab >>Intra-household Allocation of Time to Household Production Activities: Evidence from Swedish Household Data
2007 (English)In: Labour, ISSN 1121-7081, E-ISSN 1467-9914, Vol. 21, no 2, p. 189-207Article in journal (Refereed) Published
Abstract [en]

The purpose of this paper is to study the intra-household allocation of time to different household production activities using Swedish cross-sectional household data. The Tobit model is rejected in favor of the Cragg model, suggesting that an empirical model has to take into consideration that allocation of time within the household is determined by two separate processes. Moreover, the results indicate that valuable information concerning the intra-household allocation of time may be missing when household production is defined as the sum of different household activities, but there is no indication that statistically significant effects are wiped out in an aggregated analysis.

Keywords
empirical analysis; household income; labor productivity; modeling, Sweden
National Category
Economics
Identifiers
urn:nbn:se:hig:diva-923 (URN)10.1111/j.1467-9914.2007.00376.x (DOI)2-s2.0-34249694018 (Scopus ID)
Available from: 2007-11-30 Created: 2007-11-30 Last updated: 2018-03-13Bibliographically approved
Daunfeldt, S.-O. (2007). Tax-Induced Trading and the Identity of the Marginal Investor: Evidence from Sweden. European Journal of Finance, 13(7), 657-667
Open this publication in new window or tab >>Tax-Induced Trading and the Identity of the Marginal Investor: Evidence from Sweden
2007 (English)In: European Journal of Finance, ISSN 1351-847X, E-ISSN 1466-4364, Vol. 13, no 7, p. 657-667Article in journal (Refereed) Published
Abstract [en]

Changes in the Swedish tax code during the 1990s were structured in a way that offers an opportunity to test whether ex-dividend prices were determined by the taxation of domestic individual investors. The results presented in this paper indicate that ex-dividend prices were not influenced by the relatively large tax changes for domestic individual investors. In addition, there was no evidence that the taxation of domestic individual investors influenced ex-dividend prices for any specific dividend yield group.

Keywords
Capital gains; Dividend yields; Ex-dividend; Taxation
National Category
Economics
Identifiers
urn:nbn:se:hig:diva-922 (URN)10.1080/13518470701380290 (DOI)2-s2.0-35648944340 (Scopus ID)
Available from: 2007-11-30 Created: 2007-11-30 Last updated: 2018-03-13Bibliographically approved
Daunfeldt, S.-O., Rudholm, N. & Bergström, F. (2006). Entry into Swedish retail and wholesale trade markets. Review of Industrial Organization, 29(3), 213-225
Open this publication in new window or tab >>Entry into Swedish retail and wholesale trade markets
2006 (English)In: Review of Industrial Organization, ISSN 0889-938X, E-ISSN 1573-7160, Vol. 29, no 3, p. 213-225Article in journal (Refereed) Published
Abstract [en]

This paper examines, using a zero-inflated negative binomial regression model, what determined entry into the Swedish retail and wholesale trade markets between 1990 and 1996. According to the results, high returns on equity and low sunk costs seemed to attract more entry into retail trade industries, while recent entry and higher total industry sales were associated with more entry into both retail and wholesale trade local markets.

Keywords
Wholesale trade, retail trade, entry, number of firms, panel data
National Category
Economics and Business
Identifiers
urn:nbn:se:hig:diva-914 (URN)10.1007/s11151-006-9119-3 (DOI)000243346800003 ()2-s2.0-33751258301 (Scopus ID)
Available from: 2008-05-15 Created: 2008-05-15 Last updated: 2018-03-13Bibliographically approved
Daunfeldt, S.-O. & de Luna, X. (2001). Efficacy and Cost of Regime Shifts in Inflation Policies: Evidence from New Zealand and Sweden. Applied Economics, 33(2), 217-224
Open this publication in new window or tab >>Efficacy and Cost of Regime Shifts in Inflation Policies: Evidence from New Zealand and Sweden
2001 (English)In: Applied Economics, ISSN 0003-6846, E-ISSN 1466-4283, Vol. 33, no 2, p. 217-224Article in journal (Refereed) Published
Abstract [en]

In this paper a comparative study of the regime shift in inflation policies in New Zealand and Sweden is performed. A nonparametric regression method is used to decompose the inflation time series into three components of variation: a long-term trend, a medium-term (cyclical and transient variations) trend and a short-term shocks component. This allows study of the transition process from the high inflation characterizing the end of the 1970s and the 1980s to the low inflation observed during the 1990s. It is found that in New Zealand, although it is initially delayed, the decrease in inflation happens at a faster pace than in Sweden. This may indicate that reforms were more efficient in New Zealand. A clear link is also shown between the rising unemployment and the transition from high to low inflation. Furthermore, while in New Zealand a downward adjustment of the unemployment rate happens directly after the transition period, in Sweden there seems to be persistence in high unemployment.

Identifiers
urn:nbn:se:hig:diva-1693 (URN)10.1080/00036840150209237 (DOI)000165971500008 ()
Available from: 2008-05-15 Created: 2008-05-15 Last updated: 2018-03-13Bibliographically approved
Aronsson, T., Daunfeldt, S.-O. & Wikström, M. (2001). Estimating Intrahousehold Allocation in a Collective Model with Houasehold Production. Journal of Population Economics, 14(4), 569-584
Open this publication in new window or tab >>Estimating Intrahousehold Allocation in a Collective Model with Houasehold Production
2001 (English)In: Journal of Population Economics, ISSN 0933-1433, E-ISSN 1432-1475, Vol. 14, no 4, p. 569-584Article in journal (Refereed) Published
Abstract [en]

The purpose of this paper is to estimate the intra-family distribution of income and the individual demand for leisure and household production from Swedish cross-sectional household data. As a basis for the analysis, we use a collective model where each individual is characterized by his or her own utility function and divides total time between leisure, household production and market work. For the purpose of comparison, we also estimate a version that is consistent with a more traditional model of labor supply, the unitary model.

Keywords
time-use, household production, collective model
Identifiers
urn:nbn:se:hig:diva-1694 (URN)10.1007/s001480100088 (DOI)
Available from: 2008-05-15 Created: 2008-05-15 Last updated: 2018-03-13Bibliographically approved
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