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Conceptual Confusions and Causal Dynamics

This paper argues that rules and norms are conceptually distinct: what is norm is not thereby rule, and vice versa. Versions of conflating the two are discussed and an argument for distinction given. Two objections to the argument are responded to. It is accepted that rules and norms are often intimately related. They are so causally, not conceptually: what norms we live by can make a difference t

Income Taxation of Derivatives and other Financial Instruments – Economic Substance versus Legal Form, A study focusing on Swedish non-financial companies

The aim of this book is to examine the Swedish income tax treatment of derivatives, to ascertain the extent to which this treatment provides tax arbitrage opportunities, and to present possible solution that may prevent existing arbitrage opportunities. This study establishes that there are two types of financial instruments that constitute the greatest challenges regarding tax arbitrage opportuni

Strong Toughening Mechanisms in an Elastic Plastic Laminate

The fracture process of a laminate is analysed. The laminate is a material used for packaging.It consists of a thin aluminium foil with a polymer coating. In both materials, the fractureprocesses are supposed to be dominantly localized plastic deformation. A Barenblatt regionis supposed to spread ahead of the crack tip. This region is analysed in its cross planeinvoking plane deformation condition

A simple wavelet-based test for serial correlation in panel data models

Hong and Kao (2004) proposed a class of general applicable wavelet-based tests for serial correlation of unknown form in the residuals from a panel regression model. The tests can be applied to both static and dynamic panel models. Their test, however, is computationally difficult to implement, and simulation studies show that the test has poor small-sample properties. In this paper, we extend Gen