Интеграционные процессы в мире и на пространстве СНГ: накопленный опыт, современные тенденции и перспективы
The paper provides an overview of trends in the development of institutional infrastructures of R&D and higher education sectors in Russia with particular emphasis on the integration between respective activities. Major legal conditions are described against the background of socio-economic transformations. Key effects of recently adopted legislation are critically reviewed vis-а-vis prospective objectives of S&T and education policies.
интеграционные процессы на финансовых рынках, эффект перетекания волатильности, динамическая корреляция рядов доходности
The paper studies a problem of optimal insurer’s choice of a risk-sharing policy in a dynamic risk model, so-called Cramer-Lundberg process, over infinite time interval. Additional constraints are imposed on residual risks of insureds: on mean value or with probability one. An optimal control problem of minimizing a functional of the form of variation coefficient is solved. We show that: in the first case the optimum is achieved at stop loss insurance policies, in the second case the optimal insurance is a combination of stop loss and deductible policies. It is proved that the obtained results can be easily applied to problems with other optimization criteria: maximization of long-run utility and minimization of probability of a deviation from mean trajectory.