Article
Взаимосвязанные форвардный и спотовый рынки. Обзор исследований влияния на стимулы участников рынка
The article presents a theoretical survey of different ways to analyze the effect coexistence of spot and forward markets has on incentives for non-competitive behavior. There is no common opinion in economic theory concerning the influence of forward contracts on incentives for non-competitive behavior in spot market. Several studies support the hypothesis that introduction of forward trading increases competition in the spot market by erosion of market power. But while it can reduce market power of an individual firm, forward trading facilitates tacit collusion in the market. This ambiguity demonstrates complexity of economic research, aimed at increasing social welfare.
This book aims to identify promising future developmental opportunities and applications for Tech Mining. Specifically, the enclosed contributions will pursue three converging themes:
The increasing availability of electronic text data resources relating to Science, Technology & Innovation (ST&I) The multiple methods that are able to treat this data effectively and incorporate means to tap into human expertise and interests Translating those analyses to provide useful intelligence on likely future developments of particular emerging S&T targets.Tech Mining can be defined as text analyses of ST&I information resources to generate Competitive Technical Intelligence (CTI). It combines bibliometrics and advanced text analytic, drawing on specialized knowledge pertaining to ST&I. Tech Mining may also be viewed as a special form of “Big Data” analytics because it searches on a target emerging technology (or key organization) of interest in global databases. One then downloads, typically, thousands of field-structured text records (usually abstracts), and analyses those for useful CTI. Forecasting Innovation Pathways (FIP) is a methodology drawing on Tech Mining plus additional steps to elicit stakeholder and expert knowledge to link recent ST&I activity to likely future development. A decade ago, we demeaned Management of Technology (MOT) as somewhat selfsatisfied and ignorant. Most technology managers relied overwhelmingly on casual human judgment, largely oblivious of the potential of empirical analyses to inform R&D management and science policy. CTI, Tech Mining, and FIP are changing that.
The paper contains attempt to develop coherent theory of investor myopia, which takes place when agents do not take long-term outcomes of their activity into account. Investor myopia is treated as a concept which is complementary to liquidity preference: both can lead to underinvestment. But, at the same time, the former is more long-run phenomenon which is concerned with serious defects of institutional environment. The main practical conclusion is that the State is responsible for overcoming of investor myopia. This phenomenon can be considered as the key to many fundamental economic problems of developing and post-transitional economies.
We use the vertical differentiation framework to explore the quality - price competition in the insurance market.
Beer was the drink of choice in many ancient societies and throughout the past centuries in large parts of the world. Right now, it is globally by far the most important alcoholic drink, in volume and value terms. The largest brewing companies have developed into global multinationals. The beer market is characterized by strong growth in emerging economies, by a substantial decline of (per capita) beer consumption in traditional markets, and a shift to new products. There has been a strong interaction between governments (politics) and markets (economics) in the beer industry. For centuries, taxes on beer or its raw materials were a major source of tax revenue for governments. Governments have also regulated the beer industry for reasons related to quality, health, and competition. The beer market is not only an interesting sector to study in itself but also yields important general economic insights. This book is the first economic analysis of the beer market and brewing industry. It comprises a comprehensive and unique set of economic research and analysis on the economics of beer and brewing. The various chapters cover economic history and development, demand and supply, trade and investment, geography and scale economies, technology and innovation, health and nutrition, quantity and quality, industrial organization and competition, taxation and regulation, and regional beer market developments.
The paper contains attempt to develop investor myopia theory of economic growth. Investor myopia takes place when agents do not take long-term outcomes of their activity into account. This phenomenon, can, of course, lead to underinvestment. The outcome is negative rates of economic growth. Such negative growth, as it known, had hit Russia, Ukraine and some other transitional economies in the 1990s. Investor myopia can be treated as the long-run phenomenon which is concerned with serious defects of institutional environment. The main practical conclusion is that the State is responsible for overcoming of investor myopia. This phenomenon can be considered as the key to many fundamental economic problems of developing and post-transitional economies.