What are the attitudes of people in Russia and Ukraine about their coexistence with immigrants? Are they similar to the attitudes of people in European countries? This study compares possible determinants of attitudes towards immigrants in the European Union, Russia and Ukraine. The comparative...

This paper describes the results of the application of multivariate statistical analysis and econometric modelling to assess the creditworthiness of non-financial companies on the micro and macro levels. On the basis of company's financial reports data we propose a system of credit measures...

This paper constructs a DSGE model for an economy with commodity exports. We estimate the model using Russian data, making a special focus on quantitative effects of commodity price dynamics. There is a widespread belief that economic activity in Russia crucially depends on oil prices, but...

In this paper, alternative non-parametric forecasting techniques are analysed, with emphasis placed on the difference between the reconstruction and learning approaches. The former is based on Takens’ Theorem, which recovers unknown dynamic properties of a system; it is appropriate in...

This paper develops a simulation model to investigate competitive technology diffusion, and focuses on examining the influence of customer learning on the evolution of market share when both technologies exhibit local network externalities. Results show that: (1) the equilibrium market share of...

The classical game theoretic resolutions to Selten’s Chain Store game are unsatisfactory; they either alter the game to avoid the paradox or struggle to organize the existing experimental data. This paper applies co-evolutionary algorithms to the Chain Store game and demonstrates that the...

Prospect theory postulates that the utility function is characterized by a kink (a point of non-differentiability) that distinguishes gains from losses. In this paper we present an algorithm that efficiently solves the linear version of the kinked-utility problem. First, we transform the...

A multi-agent system is presented here. Agent decisions are based on economic partial utilities. It’s a new computational tool using cellular and agent-based models. Decision processes are represented through computational agents. Land-use and land cover changes are represented through a...

This article compares the properties of different non-linear Kalman filters: the well-known Unscented Kalman filter (UKF), the central difference Kalman filter (CDKF) and the new Quadratic Kalman filter (QKF). A small financial DSGE model is repeatedly estimated by several quasi-likelihood...

We investigate the market selection hypothesis in a mean reverting environment. We consider three models varying the endowment process and agents’ beliefs and we show that with a constant relative risk aversion utility, controlling for the discount factor, agents with incorrect beliefs about...