The achievement of high level of business activity is inseparably connected with the конъектурой market, with the creation of the state and municipal authorities of favorable conditions for the activities of the business elements and the ability of business to form their consolidated position, which is the basic element of the state policy and the formation of civil society. In this connection, the priority directions of research and the objectives, which the authors have set before us in the work of the steel analysis and evaluation, by the example of Nizhny Novgorod region, the regional business associations, models, forms, and the evolution of their relations with the regional authorities, business associations, Federal and municipal level and other aspects of their development.
Two problems associated with the adequacy of traditional methods for describing the national economy as an object of study are considered. The first of them is due to the fact that technological progress leads to a decrease in the degree of representativeness of traditional macroeconomic indicators, i.e. to reduce the degree of representativeness of generally accepted methods of describing the economy. The second problem is related to the erosion of the borders of the national economy in connection with the processes of globalization, which leads to the fact that the national economy is gradually losing its representativeness as an object of study.
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.
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 examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.