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Price Mathing Guarantees and Consumer Search
Janssen, Maarten; Parakhonyak, Alexei - National Research University Higher School of Economics - 2011
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...
Persistent link: https://www.econbiz.de/10010717755
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Multisector monopolistic competition model
Pospelov, Igor; Radionov, Stanislav - National Research University Higher School of Economics - 2013
We present a natural generalization of the Dixit-Stiglitz monopolistic competition model (DSM) | we assume that there is a continuum of industries, each of them described as in DSM, and each characterized with its own elasticity of substitution. Although rms in all industries share the same...
Persistent link: https://www.econbiz.de/10010720461
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Losses From Trade In Krugman’s Model: Almost Impossible
Bykadorov, Igor A.; Gorn, Alexey A.; Kokovin, Sergey G.; … - National Research University Higher School of Economics - 2014
Studying the standard monopolistic competition model with unspecified utility/cost functions, we find necessary and sufficient conditions on the function elasticities, when an expanding market or trade incur welfare losses. Two numerical examples explain why: either excessive or insufficient...
Persistent link: https://www.econbiz.de/10010798382
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A Model Of Tacit Collusion: Nash-2 Equilibrium Concept
Sandomirskaia, Marina S. - National Research University Higher School of Economics - 2014
We examine the novel concept for repeated noncooperative games with bounded rationality: \Nash-2" equilibrium, called also \threatening-proof prole" in [16, Iskakov M., Iskakov A., 2012b]. It is weaker than Nash equilibrium and equilibrium in secure strategies: a player takes into account not...
Persistent link: https://www.econbiz.de/10011098907
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Price-Quantity Competition of Farsighted Firms: Toughness vs. Collusion
Sandomirskaia, Marina S. - National Research University Higher School of Economics - 2015
The paper examines an interaction of boundedly rational firms that are able to calculate their gains after reaction of an opponent to their own deviations from the current strategy. We consider an equilibrium concept that we call a Nash-2 equilibrium. We discuss the problem of existence and...
Persistent link: https://www.econbiz.de/10011253120
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Non-reservation price equilibria and Consumer search
Janssen, Maarten; Parakhonyak, Alexei; Parakhonyak, … - National Research University Higher School of Economics - 2014
When consumers do not know the prices at which different firms sell, they often also do not know production costs. Consumer search models which take asymmetric information about production costs into account continue focusing on reservation price equilibria (RPE) and their properties. We argue...
Persistent link: https://www.econbiz.de/10010739725
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Trade Patterns And Export Pricing Under Non-Ces Preferences
Kichko, Sergey; Kokovin, Sergey; Zhelobodko, Evgeny - National Research University Higher School of Economics - 2014
We develop a two-factor, two-sector trade model of monopolistic competition with variable elasticity of substitution. Firms' profits and sizes may increase or decrease with market integration depending on the degree of asymmetry between countries. The country in which capital is relatively...
Persistent link: https://www.econbiz.de/10010756003
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The Virtual Water Of Siberia And The Russian Far East For The Asia-Pacific Region: Global Gains Vs Regional Sustainability
Likhacheva, Anastasia B.; Makarov, Igor A. - National Research University Higher School of Economics - 2014
areas. The implication for Russia and APR is that Russia’s integration into the APR virtual water market would provide … considerable benefits for Russia which include economic gains. More importantly, according to the interdependence theory, as well … as a defensive realism, Russia, acting as a guarantor of Asia’s food and water security, would provide long-term positive …
Persistent link: https://www.econbiz.de/10011098887
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The Returns To Training In Russia: A Difference-In-Differences Analysis
Travkin, Pavel V. - National Research University Higher School of Economics - 2014
. Estimates use data from the Russia Longitudinal Monitoring Survey from 2004 to 2011. As predicted, positive returns to training …
Persistent link: https://www.econbiz.de/10010757580
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Corruption Perceptions In Russia: Economic Or Social Issue?
Rassadovskaia, Anastasiia V.; Aistov, Andrey V. - National Research University Higher School of Economics - 2014
research reveals that distrust matters a lot for the problem in Russia and suggests further examination of the dynamics of …
Persistent link: https://www.econbiz.de/10010757581