The management of timber and related industries in Sweden

Timber is a major raw material in Sweden and legislation mostly concerned with the continued viability of the industry has been enacted. Interesting organisation structures to deal with varying circumstances have evolved.     

Investment and the Swedish economy

The causes of the high rate of investment in the Swedish economy are discussed with particular emphasis on the relevance of restructuring; however, restructuring may be more difficult in future. The source of funds and the function of the Investment Bank are described and the debate on the scale of future investment is summarised.     

Subjective probability in forecasting

Practical examples of the use of subjective probability in forecasting are rare in the literature, yet in long term forecasting there is a large subjective element in choosing between alternatives. The paper indicates the background to the preparation of such a forecast in the whisky industry and discusses the benefits to be derived from a quantitative assessment with due emphasis on the recognition of the subjective nature of the quantification.     

Temporary vs. permanent migration: a decision theoretical approach

"The decision problem of the guest worker as a target saver is considered. He plans to accumulate capital in the host country for investment in the home country after return migration. As the worker is supposed to be incompletely informed about the economic variables in the host country he might prolong his stay unexpectedly provided the economic conditions in the host country are unfavourable. Explicit conditions for the economic variables are given such that temporary migration turns into permanent migration."