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Non-reservation price equilibria and consumer search
Journal of Economic Theory . 2017. No. 172. P. 120-162.
Janssen M. C., Parakhonyak A., Parakhonyak A.
Reservation price equilibria (RPE) do not accurately assess market power in consumer search markets. In most search markets, consumers do not know important elements of the environment in which they search (such as, for example, firms' cost). We argue that when consumers learn when searching, RPE suffer from theoretical issues, such as non-existence and critical dependence on specific out-of-equilibrium beliefs. We characterize equilibria where consumers rationally choose search strategies that are not characterized by a reservation price. Non-RPE always exist and do not depend on specific out-of-equilibrium beliefs. Non-RPE have active consumer search and are consistent with recent empirical findings.
Janssen M. C., Teteryatnikova M., Public Choice 2017 No. 172 P. 501-524
The purpose of political campaigns in democracies is to provide voters with information that allows them to make “correct” choices, that is, vote for the party/candidate whose proposed policy or “position” is closest to their ideal position. In a world where political talk is often ambiguous and imprecise, it then becomes important to understand whether ...
Added: September 10, 2018
Boyer P., Kempf H., Journal of Financial Intermediation 2020 Vol. 41 P. 100765
We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where to locate their activities and have private information about their efficiency level. Regulators non-cooperatively offer any regulatory contract that satisfies information and participation constraints of banks. We show that the unique Nash equilibrium of the regulatory game is a simple pooling ...
Added: October 5, 2020
Savitskaya E. V., Altunina N. S., Russian Education and Society 2017 Vol. 59 No. 1-2 P. 94-120
We attempt to prove the hypothesis that, under certain conditions, a phenomenon of propitious selection may arise on the higher education market: When talented university entrants favor applying to branded universities, the latter are able to automatically build up a positive reputation without having to actually improve the quality of their educational process. We have ...
Added: January 5, 2018
Parakhonyak A. N., Janssen M. C., International Journal of Industrial Organization 2013 Vol. 31 No. 1 P. 1-11
This paper examines the effect of price matching guarantees (PMGs) on market outcomes in a sequential search model. PMGs are simultaneously chosen with prices and some consumers (shoppers) know the firms’ decisions before buying, while others (non-shoppers) enter a shop before observing the price and whether or not the firm has a PMG. In such ...
Added: February 5, 2013
Janssen M. C., Parakhonyak A. N., / Высшая школа экономики. Series EC "Economics". 2011. No. 03.
This paper examines the eect of price matching guarantees (PMGs) in a
sequential search model. PMGs are simultaneously chosen with prices and some
consumers (shoppers) know the rms' decisions before buying, while others
(non-shoppers) enter a shop rst before observing a rm's price and whether or
not the rm has a PMG. In such an environment, PMGs increase the ...
Added: August 28, 2012
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
Dzhagityan E. P., Вестник международных организаций: образование, наука, новая экономика 2019 Т. 14 № 2 С. 245-274
The institutional aspect of post-crisis banking regulation reform (Basel III) remains unsettled, and as such undermines regulators’ efforts to shape a seamless platform for international financial intermediation. The lack of global acceptance of the Basel III standards amid the internationalization of banking activities is one of the main reasons for regulatory asymmetries which are difficult ...
Added: August 28, 2018
Kuchmaeva O., Население и экономика 2018 Т. 2 № 4 С. 47-84
Статья посвящена анализу масштабов и видов социальной активности пожилых россиян. Актуальность данной проблемы обусловлена масштабами демографического старения, ставшего уже предметом целенаправленной социальной политики в России и странах мира. Реализуя Международный план действий по проблемам старения, в частности, в рамках Стратегии действий в интересах граждан старшего поколения в Российской
Федерации до 2025 г., важно понимать, насколько сейчас ...
Added: October 30, 2019
Smirnov S. V., Balashova E., Posvianskaia L., 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
Gusarova S., М. : МАКС Пресс, 2013
В монографии раскрывается сущность иностранных инвестиций, их значение в мировой экономике, анализируются основные концепции иностранного инвестирования, определяются инвестиционные риски. ...
Added: November 18, 2013
Oxford Abstracts, 2021
Recovering from Covid: Responsible Management and Reshaping the Economy
In 2021, the 35th Conference and 2nd BAM Conference in the Cloud, will critically engage with the socio-economic recovery from the global Covid-19 pandemic.
Consumers, producers, frontline workers, managers, businesses, public and third sector organisations all have their own roles and responsibilities in transforming our marketised society for the post-pandemic world.
We will critically explore the challenges we all face, aiming to ...
Added: June 12, 2021
Lipatnikov V. S., Гребенькова Е. С., Проблемы теории и практики управления 2014 № 12 С. 89-96
In this article is conducted research of the mechanism of selection of venture innovative projects. We studied the factors, which influence a choice of business angels. The purpose of work was to receive an advanced system of estimation of projects. On the basis of the survey it is possible to say that the financing of ...
Added: December 8, 2014
Kotelnikova M. V., Aistov A., Вестник Нижегородского университета им. Н.И. Лобачевского. Серия: Социальные науки 2019 Т. 55 № 3 С. 183-189
The article describes a method that allows to improve the content of disciplines of the mathematical cycle by dividing them into invariant (general) and variable parts. The invariants were identified for such disciplines as «Linear algebra», «Mathematical analysis», «Probability theory and mathematical statistics» delivered to Bachelors program students of economics at several universities. Based on ...
Added: January 28, 2020
М. : ИНИОН РАН, 2014
В сборнике рассматриваются теоретические и практические проблемы взаимодействия человека, техносферы и биосферы, а также преодоления антропогенной деградации биосферы.
Для научных работников, специалистов, преподавателей и аспирантов. ...
Added: October 22, 2014
Safonov G., Галенович А., Федоров Ю. Н., 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
Nefedova A., ЭКО 2017 № 12 С. 136-148
С 1970-х годов растёт количество студентов, предпочитающих получать высшее образование за рубежом. Многие страны принимают меры по повышению конкурентоспособности своих систем высшего образования для привлечения иностранных студентов. Россия не является исключением: согласно заявлению премьер-министра, развитие экспорта высшего образования в ближайшее время станет национальной задачей государства.
При этом вопрос о том, каковы цели привлечения иностранных студентов в ...
Added: October 20, 2017
Makarov I. A., Sokolova A., International Organisations Research Journal 2016 No. 2 P. 40-57
This article considers the opportunities for Russia presented by the launch of China’s Silk Road Economic Belt initiative. This initiative is a comprehensive project for the rapid development of Central Asian countries, and not limited only to trans- port and logistics to guarantee the supply of Chinese goods to Europe. It is also China’s response ...
Added: September 9, 2016
Surinov A., М. : Юрайт, 2018
В учебнике рассматриваются вопросы использования официальной статистики для эффективной организации страхового дела. Подробно описаны существующая система сбора экономической информации о страховой деятельности и показатели, ее характеризующие. В качестве самостоятельного раздела выделена глава, посвященная отражению страхования в национальных счетах. В учебнике описаны такие сферы статистических наблюдений, как статистика предпринимательства, статистика цен, демографическая статистика, статистика труда, статистика ...
Added: September 28, 2018
Турунцева М., Астафьева Е., Баева М. et al., Научный вестник ИЭП им. Гайдара.ру (электронный журнал) 2015 № 3(85) С. 3-33
В статье представлены расчеты прогнозных значений различных экономических показателей Российской Федерации во II–III кварталах 2015 г., построенные на основе моделей временных рядов, структурных эконометрических уравнений и моделей, построенных с использованием результатов конъюнктурных опросов. ...
Added: June 18, 2015
Krukov V. A., ЭКО 2018 Т. 48 № 10 С. 4-6
Социально-экономическое развитие территории – от отдельного муниципалитета до региона, страны и межгосударственных коалиций – определяется огромным количеством факторов, условий и обстоятельств. История, природа, географическое положение, ранее принятые и реализованные решения в тесном взаимодействии с культурными особенностями населения образуют колоссальный веер возможностей и траекторий такого развития.
В этой связи чужой успешный опыт часто мало применим на практике. Он, скорее, показывает нам, в каких направлениях можно развиваться и какие возможные подходы целесообразно рассматривать при выборе своего пути. Например, сегодня ...
Added: October 20, 2018
Parshakov P., Shakina E., Barajas A., Economic Research-Ekonomska Istraživanja 2022 Vol. 35 No. 1 P. 122-142
This article contributes to the development of contestable market theory by investigating how competitiveness in the eSports industry influences the size of this industry, as measured by the volume of monetary prizes. We use data on each gamer's prize earnings for each tournament from 1999 to 2015 to estimate panel vector autoregression (VAR) model with ...
Added: April 22, 2021
Chulok A., Slobodianik S., Moiseichev E. Y., 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
Neretina Ekaterina, Neretina E., 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
Poldin O. V., Valeeva D., Yudkevich M. M., Applied Economics 2015 Vol. 47 No. 44 P. 4728-4740
Social influence is an important factor in learning and decision-making. We estimate peer influence on student choice of specialization using data on undergraduate students of a Russian university. Information about individual social ties has been gathered from a questionnaire survey. We show that specialization choice is significantly influenced by friends as well as by study ...
Added: July 2, 2015