When Ricardo meets Chamberlin: a simple dynamic model of monopolistic competition
Many industries are made of a few big firms, which are able to manipulate the market outcome, and of a host of small businesses, each of which has a negligible impact on the market. We provide a general equilibrium framework that encapsulates both market structures. Due to the higher toughness of competition, the entry of big firms leads them to sell more through a market expansion effect generated by the shrinking of the monopolistically competitive fringe. Furthermore, social welfare increases with the number of big firms because the pro-competitive effect associated with entry dominates the resulting decrease in product diversity.
At the moment in Russia a policy of privatization of companies with the state participation in the share capital is being conducted; the results of this study will help to make predictions about the dynamics of performance of privatized companies
The main goal of the research is to study the impact of state participation in the share capital on performance of the company. The study showed that state participation in the capital negatively affects to the companies' performance. However, in this work an interesting result that enterprises of a natural monopoly receive the net profit more than other companies was obtained.
In 2013–2014 the world experienced a new revolutionary wave of a rather weak but very specific nature. Protest upsurges in Cairo, Kiev and Bangkok led to the collapse of regimes (in the first and the third cases, with the direct participation of military forces); protests in Tunisia, Caracas, Istanbul, Ankara and Sarajevo seriously challenged the corresponding regimes though did not result in their actual collapse. Are there any common features between these destabilization waves, which occurred synchronically in such distant (both from the geographical and civilizational point of view) countries as, say, Venezuela, Ukraine and Thailand? Our analysis reveals that such common features exist, and are surprisingly numerous
The book is devoted to consideration in a popular form of evolution of one of the most debatable creations of the Western European metaphysics - the ontological argument better known as the ontological argument of evidence for God's existence. The ontological argument is a logical nonsense for classical the subject - object relation; it becomes the natural phenomenon in the reflexive systems including cognitive activity of the subject as an element of the functioning and existence. The concept of classical and non-classical arguments has allowed the author to analyze argument development as process of formation of the reflexive methodology in the course of the Western philosophy development. From the standpoint of the received results, the methodological problems of economic science related to the alienation and also the reflexive paradoxes encountered within sociology of knowledge are analyzed in the last part of the book. The book is primarily addressed to specialists in the field history of philosophy and methodology of social knowledge, philosophy and sociology of religion, and also to all who are interested in fundamental questions of classical metaphysics.
Monograph by S. Khasyanova «Upgrading Banking Regulation and Supervision in Russia in the line with International Standards» is devoted to the study of the development of banking regulation and supervision in Russia on the basis of international principles and standards. The process of implementation of international principles and standards of banking regulation in the Russian Federation and the following consequences are analyzed in the context of financial stability. Particular attention is paid to macroeconomic regulation and development of prudential regulations and requirements for banks, taking into account banking sector peculiarities. The regulation of systemic risk, identification of systemically important banks and applied to them a particular regulatory regime were investigated. The Deposit Insurance System and its role in enhancing the stability of banks as well as its directions of improvement are also considered in the study. The book is intended for professionals in the field of finance and banking, teachers and students of universities’ economic and financial departments.
The article analyzes trends in fixed assets formation and fixed investment in Russia’s transition economy. It is shown that the official Rosstat approach to measuring fixed assets and fixed investment may substantially understate fixed assets renovation and replacement rates. The depth of the decline in investment spending during the transition period might therefore be substantially overstated. This bias may be explained by severe difficulties in measuring price and capital replacement trends in first years of transition. Alternative estimates of physical volume indexes of fixed assets and investment in fixed capital by fifteen main industrial sectors and branches during 1991−2003 are derived and industry-specific investment and fixed assets trends are discussed. These alternative fixed asset and investment estimates suggest that conventional views on investment and capital stock trends in the Russian economy need to be revised.
Brands and brand management have become a central feature of the modern economy and a staple of business theory and business practice. Contrary to the law's conception of trademarks, brands are used to indicate far more than source and/or quality. This volume begins the process of broadening the legal understanding of brands by explaining what brands are and how they function, how trademark and antitrust/competition law have misunderstood brands, and the implications of continuing to ignore the role brands play in business competition. This is the first book to engage with the topic from an interdisciplinary perspective, hence it will be a must-have for all those interested in the phenomenon of brands and how their function is recognized by the legal system. The book integrates both a competition and an intellectual property law dimension and explores the regulatory environment and case law in both Europe and the United States.
Smoking is a problem, bringing signifi cant social and economic costs to Russiansociety. However, ratifi cation of the World health organization Framework conventionon tobacco control makes it possible to improve Russian legislation accordingto the international standards. So, I describe some measures that should be taken bythe Russian authorities in the nearest future, and I examine their effi ciency. By studyingthe international evidence I analyze the impact of the smoke-free areas, advertisementand sponsorship bans, tax increases, etc. on the prevalence of smoking, cigaretteconsumption and some other indicators. I also investigate the obstacles confrontingthe Russian authorities when they introduce new policy measures and the public attitudetowards these measures. I conclude that there is a number of easy-to-implementanti-smoking activities that need no fi nancial resources but only a political will.
One of the most important indicators of company's success is the increase of its value. The article investigates traditional methods of company's value assessment and the evidence that the application of these methods is incorrect in the new stage of economy. So it is necessary to create a new method of valuation based on the new main sources of company's success that is its intellectual capital.