How does subway and ground transit proximity affect rental prices?
It is shown how to specify and estimate hedonic function for well segmented markets, as exemplified by the new foreign-made cars market of this country. It has been proved that taking in consideration current market segmentation along with very few functional attributes of goods can dramatically improve accuracy of foreign-made cars’ market price approximation. The analysis of interclass difference in implicit prices on a good’s functional attributes has also been performed. Its results confirm, that system of implicit prices correctly reflects market segments positioning. As a mathematical apparatus technique for hedonic function analysis semi log switching regression is used.
The paper is focused on the subway user's experience. Based on the field research of two subways in Russian cities (Moscow and Kazan), it supposes that modern urbanites are competent and skillful enough to manage their everyday experiences using subway as the means of regulation.
This article focuses on a sequencing approach for the night arrangement of subway trains compositions. In this paper, we developed an algorithm for transforming the adjacency matrix of a simple graph into the adjacency matrix of a "dense" graph.
The paper questions the concept of “ubiquitous city” as a way to describe changing urban environment in a situation of increased Internet access and time spent online. The author suggests the term "digital porosity" to grasp the non-uniformity, limitations and gaps of digital connectivity (technological, material, spatial, social, etc.). Based on the research of internet connectedness and practices of Internet use in the subways of Moscow and St. Petersburg, the paper states that the extension of the Internet zone and the inclusion of new urban spaces do not automatically increase the connectivity of the city, since the latter depends not only on the availability or the quality of internet communication, but also on the intentions and skills of the internet users and their ideas about the comfort and the possibility of internet connection, the role of subway ride in the broader planning horizons.
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.