This paper uses a classic, overlapping generation model to analyze the optimal transition of the Russian economy from a PAYG pension system to a funded pension system. The transition is associated with the accumulation of social capital gained by increased contributions to the pension system....

This paper attempts to explain a large premium paid on common (voting) shares relative to preferred (non-voting) shares in the Russian stock market. Empirical analysis focuses on two main explanations relating the premium either to the voting right attached to common shares or to differences in...

The problem of poverty and inequality measurement in contemporary Russian society is considered within the framework of the general problem of social tension reduction via efficient organization of the social assistance system. We argue that features specific to Russian transition stipulate that...

Factors impacting the initiation and termination of smoking, using Cox's proportional hazard model as the econometric tool, on the basis of RLMS and Goskomstat data on tobacco prices, are being investigated in this paper. The model to explain the amount of consumed cigarettes and the composite...

This paper studies different auctions of supply functions in a local market and a simple network market of a homogeneous good with two nodes and a fixed transmission loss per unit of the good. We study problems of existence, uniqueness and computation of Nash equilibria for these models. We also...

This research analyses the influence of the differences in occupational mobility of men and women on gender segregation at the Russian labor market during 1985–2002. At the basis of the occupational mobility model which takes into account the gender differences in social roles, we estimate the...