On the effects of income heterogeneity in monopolistically competitive markets
Высшая школа экономики , 2020. No. 239.
Kichko S., Picard P.
This paper studies the e¤ects of consumer income heterogeneity on monopolistically competitive product markets and individual welfare in the context of non-homothetic pref- erences. When expenditure of richer individuals is less sensitive to price change compared to poorer ones, a mean-preserving contraction of income distribution makes firm revenue less sensitive to price changes. This entices firms to charge higher prices. As a result, new firms enter the market, broadening product diversity. General equilibrium e¤ects have a negative impact on poorer individuals and, in specific circumstances, on richer individuals. Furthermore, reduced income inequality may shift the market equilibrium further away from optimal product diversity. In open economies, lower income inequality in a country creates a price divergence between countries and decreases trade volumes and values. Those general equilibrium e¤ects are shown to be quantitatively non negligible.
Влияние размера рынка на формирование предпринимательского сектора и уровень неравенства среди индивидов при неэластичном выпуске каждой фирмы
, Пространственная экономика 2015 № 2 С. 12-30
This paper is addressed to explanation of impact of market size on selection into entrepreneurship and inequality within two-sector economy with secluded good, populated by individuals with additively-separable preferences, defined by power specification of utility function. Individuals are differentiated by two characteristics: productivity and type of variety, which can be potentially produced by given individual ...
Added: June 16, 2015
, Russian Journal of Economics 2018 Vol. 4 No. 3 P. 266-284
The last decade brought increasing attention to income and wealth inequalities in advanced economies because of their increase in several countries and negative social and political implications. However, this debate is often limited to the single-country perspective, disregarding decreasing global income inequalities, i.e. inequalities between individuals in the entire world. This paper focuses mainly on ...
Added: October 10, 2018
, , , Economic Inquiry 2020 Vol. 58 No. 4 P. 1977-1994
Financial development affects income inequality differently in the short and in the long term. Investigating OECD countries from 1870–2011, we find in the short run, an improvement in financial development tends to reduce inequality, while in the long run, more finance contributes to more inequality. The short‐run effect concurs with theories advocating financial development increases ...
Added: December 1, 2020
, Europe-Asia Studies 2008 Vol. 60 No. 1 P. 89-111
Using data for post-communist economies (1989-2002), we examine the determinants of income inequality. We find a strong positive association between equality and tax collection but note that this relationship is significantly stronger under authoritarian regimes than under democracies. We also discover that countries introducing sustainable democratic institutions early are characterised by lower inequality; we confirm ...
Added: February 8, 2016
, , Экономический журнал Высшей школы экономики 2018 Т. 22 № 2 С. 169-196
This paper evaluates the rate of educational assortative mating and its impact on income inequality in Russia. We use data from the Russian Longitudinal Monitoring Survey – Higher School of Economics (RLMS-HSE) for 1995–2015. Our findings suggest that the Russian marriage market is characterized by positive assortative mating at all levels of education. It means ...
Added: June 30, 2018
Social Indicators Research 2020 P. 1-26
Abstract This paper is an empirical study that used econometric techniques to analyze the causal relationship between income inequality and financial disturbances in developed economies. The author used annual data from panels of OECD countries. In this study, income distribution is represented by the share of GDP that accrued to the top 10 percent earners, wage ...
Added: November 18, 2020
, , Социологическое обозрение 2018 Т. 17 № 1 С. 237-273
The paper aims to deliver an extended review of both Russian and international studies that have contributed considerably to the income strati cation discourse. The very importance of the given research is justi ed by the lack of systematic studies in the field of the one-dimensional strati cation of the Russian society, although applied socio-economic research ...
Added: April 3, 2018
, European Economic Review 2021
Crony relations i.e. the tight connection between the owners of major firms and the government, distort competition, and are related with high entry barriers on markets. We propose a theory that explains why, in a democracy, the majority of voters may prefer this type of institutions. This paper develops a simple voting model with heterogeneous ...
Added: December 1, 2020
, , , Journal of Regional Science 2018 Vol. 58 No. 1 P. 38-62
We develop a monopolistic competition model with heterogeneous agents who self-select into occupations (entrepreneurs and workers) depending on innate ability. The effect of market size on the equilibrium occupational structure crucially hinges on properties of the lower tier utility function—its scale elasticity and relative love for-variety.When combined with the underlying ability distribution, the share of ...
Added: January 12, 2018
, , Baltic RIM Economies Review 2019 No. 5 Article 22
Expert article ...
Added: April 7, 2020
, / Высшая школа экономики. Series WP9 "Исследования по экономике и финансам". 2010. No. 01.
The distribution of consumer incomes is a key factor in determining the structure of a vertically differentiated industry when consumer’s willingness to pay depends on her income. This paper computes the Shaked and Sutton (1982) model for a lognormal distribution of consumer incomes to investigate the effect of inequality on firms’ entry, product quality, and ...
Added: March 18, 2013
, Социологический журнал 2017 № 4 С. 31-50
The paper analyzes general changes in the depth of inequalities in Russian society as a whole and the vector of changes in income stratification model of the mass strata in Russian society in comparison with the dynamics of income stratification models in several other countries - developed European, post-socialist, developing Latin American countries, and China. The two-way connection between income stratification models ...
Added: January 10, 2018
, , Social Science Research 2022 Vol. 102 Article 102644
We examine how taxes and transfers affect the incomes of men and women. Using microsimulation and intra-household income splitting rules, we measure the differences in the level and composition of individual disposable income by gender in eight European countries covering various welfare regime types. We quantify the extent to which taxes and transfers can counterbalance ...
Added: January 2, 2019
, , / EERC. Series "Labor markets and social policy". 2009. No. 09/02.
Although much research has been conducted on annual income inequality in Russia, little has been know about longer-run measures of income inequality and on income mobility. Using the data from the Russian Longitudinal Monitoring Survey, this paper investigates income mobility in Russia during the period of rapid economic growth. Employing a broad set of mobility ...
Added: October 29, 2012
, Social Indicators Research 2021 P. 1-26
This paper is an empirical study that used econometric techniques to analyze the causal relationship between income inequality and financial disturbances in developed economies. The author used annual data from panels of OECD countries. In this study, income distribution is represented by the share of GDP that is accrued to the top 10 percent earners, ...
Added: July 12, 2021
, , , Энергия: экономика, техника, экология 2012 № 5 С. 37-39
The article discusses the potential role of Russia in global carbon markets, prospects and opportunities for national businesses in greenhouse gas emission reduction ...
Added: July 20, 2016
Профессиональный стандарт "Специалист по управлению финансовыми рисками": опыт разработки и перспективы применения
, , Экономика и управление: проблемы, решения 2016 Т. 2 № 8 С. 247-252
Под эгидой Гильдии финансовых аналитиков и риск-менеджеров и Русского общества управления рисками разработан новый профессиональный стандарт «Специалист по управлению финансовыми рисками», который предназначен для оценки квалификации риск-менеджеров. В статье описываются предпосылки создания и краткое содержание стандарта с целью его популяризации. ...
Added: September 5, 2016
, , , Вестник АКСОР 2017 Т. 43 № 3-4 С. 71-78
In this article we consider the issues of preparing statistical data for using in applied macroeconomic models, based on balance equalities. We propose a description of every macroeconomic agent, which consists of four balances of different kind. The described construction is filled with statistical data, which describes the condition of main sectors of Russian economy, ...
Added: November 26, 2017
, , , Problems of Economic Transition 2010 Vol. 53 No. 3 P. 69-95
The article considers different approaches, all based on detailed statistical data, to determine which industries and commodities have high, medium, or low sensitivity to exchange rate fluctuations. The authors conclude that any exchange rate policy is an inappropriate tool to influence the structure of Russian economy. ...
Added: April 12, 2013
A Binary Model versus Discriminant Analysis Relating to Corporate Bankruptcies: The Case of Russian Construction Industry
, , Journal of Accounting, Finance and Economics 2013 Vol. 3 No. 1 P. 65-76
The last market crash of 2008-2009 showed that the construction sphere is one of the most fragile subject to the crisis effect. The destructive effect of this crash resulted in substantial decrease in mortgage lending, price index, capital investment, and in growth of the cost level. As the construction industry remains strategically important, the eruption ...
Added: September 5, 2013
Политэкономия институтов и развития: как важно быть инклюзивным. Размышления над книгой D. Acemoglu, J. Robinson «Why Nations Fail». Часть II. Институциональная динамика и выводы для России.
, , Журнал Новой экономической ассоциации 2017 № № 3(35) С. 12-32
We discuss the evolving views on institutions and development in modern political economy, and in particular the contribution to the field by D. Acemoglu and J. Robinson, explaining root causes of successes and failures in economic development. The focus of discussion is on inclusive and extractive institutional regimes — the former sustain economic growth, whereas ...
Added: October 23, 2017
Развитие ресурсных центров Ямало-Ненецкого автономного округа, специализирующихся на добыче углеводородов
, , Инновации 2016 № 1 С. 79-84
Предмет/тема. В статье показано, что основной проблемой социально-экономического развития монопрофильных городов Ямало-Ненецкого автономного округа является узкая специализация хозяйства, основанная на эксплуатации нефтегазовых ресурсов. Методология. Методологической базой для достижения поставленных в статье целей выступают системный подход и статистические методы анализа. Результаты. Исследование проведено на примере городов Ноябрьск, Муравленко, Губкинский, являющиеся центрами добычи углеводородов. В исследуемых городах ...
Added: October 19, 2016
, , , Foresight 2017 Vol. 19 No. 5 P. 511-527
Purpose This study aims to assess future prospects for Russian energy exports until 2040, as global energy markets are undergoing major changes, with possible impacts on Russia. Design/methodology/approach Qualitative and quantitative approaches are integrated under a proposed foresight framework. The qualitative method involves an expert survey aimed at identifying major energy trends and their influence on ...
Added: October 3, 2017
М. : КноРус, 2012
Представлена экономическая оценка природно-ресурсного потенциала РФ, рассмотрены закономерности размещения природных ресурсов и основные особенности экологической ситуации в регионах страны, описано влияние экологических факторов на демографический потенциал и здоровье населения, приведена характеристика основных загрязнителей окружающей среды, изложены основы природно-ресурсной политики России и хозяйственный механизм ее осуществления, раскрыты региональные различия современной экологической обстановки в стране и тенденции ...
Added: March 10, 2013