Showing 1 - 10 of 231
A macroeconomic model based on search-theoretical foundations is built to show that in an economy with structural deficiencies of the Russian Virtual Economy, money substitutes appear as a result of optimizing behavior of agents. The result obtains for an economy, where there are large natural...
Persistent link: https://www.econbiz.de/10010928957
The Russian economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy. In the virtual economy, barter and non-monetary transactions play a key role in transferring value from productive activities to the natural monopolies and...
Persistent link: https://www.econbiz.de/10005187690
This paper provides a general framework for pricing of real options for wide classes of payoff streams that are functions of Levy processes. As applications, we calculate the values of sequences of embedded options, (which we call Russian dolls), and study two models of expansion of a monopoly....
Persistent link: https://www.econbiz.de/10008502177
This paper provides a general framework for pricing of real options for wide classes of payoff streams that are functions of Levy processes. As applications, we calculate the values of sequences of embedded options, (which we call Russian dolls), and study two models of expansion of a monopoly....
Persistent link: https://www.econbiz.de/10010640150
The author models the interaction between the “Center”, represented by inspectors, and free riders in local trains (“hares” in the Russian slang). In order to characterize the optimal deterring strategy of the Center, one must look into the nature the interaction among parties in this...
Persistent link: https://www.econbiz.de/10005518993
A long-term analysis of the economic development of a resource-exporting country is presented. Two kinds of models have been used: single-sector and two-to-three sector models. Within the single-sector model, the effects of the uncertainty of world resource prices, of the constraints of natural...
Persistent link: https://www.econbiz.de/10005518994
During the last decade we witnessed huge wave of reorganizations in Russian industrial sector: split-ups, spin-offs, mergers and acquisitions. Firms adjusted their boundaries according to the new economic conditions. Little is known however about this process and its determinants. The first goal...
Persistent link: https://www.econbiz.de/10005518996
The goal of the project is to explore main determinants of transaction governance mode between manufacturer and distributor firms. The model proposed in this paper integrates the concept of trust with main transaction cost economics’ dimensions and is formulated in the form of multinomial...
Persistent link: https://www.econbiz.de/10005518997
The project addresses the discrepancies between recognized disability status and actual health condition of Russians, evaluates the targeting efficiency of disability benefits, and investigates the factors that determine individual behavior leading to inconsistency between the degree of incurred...
Persistent link: https://www.econbiz.de/10005518998
What were the causes of the criminal waves that have accompanied the transition in Russia during the 90s? The usual suspects are poverty, income inequality, unemployment, in particular among young people, excessive alcohol consumption, inconsistency in reform and the inability of the authorities...
Persistent link: https://www.econbiz.de/10005518999