This paper investigates the underlying nature of the demand for state support in Russia in the labor market and employment, social investments, and material support. Based on recent findings from social policy studies, the authors tested four different mechanisms: (a) the demographic features of...

The research success of a university requires efficient recruiting. The talents of candidates are unobservable for administrators, and so they delegate hiring to the faculty who have better knowledge of the job market. Since professors dislike putting their own employment at risk, faculty,...

We study the role of: (i) initial differences in shares of immobile workers between countries which stand for the agglomeration forces, and (ii) positive trade costs in the traditional sector which are related to the dispersion forces, in shaping the spatial pattern of the developed and...

Larger cities typically give rise to two effects working in opposite directions: tougher competition among firms and higher production costs. Using an urban model with substitutability of production factors and pro-competitive effects, we study how market outcome responds to city population...

Quantitative spatial economics (QSE) specifies various components such as preferences, production technology, and frictions for the movement of goods, people, and ideas. Despite the long literature on endogenous location decisions, the question of how these specifications affect resulting...

This paper discusses the reasons for the spatial impossibility theorem, which states that the competitive paradigm cannot explain the formation of large urban agglomerations and trade flows. This result is especially meaningful insofar as it is internal to the theory itself. We then briefly...

This paper studies the e¤ects of consumer income heterogeneity on monopolistically competitive product markets and individual welfare in the context of non-homothetic preferences. When expenditure of richer individuals is less sensitive to price change compared to poorer ones, a mean-preserving...

Market discipline is usually studied in the retail or the corporate deposit markets, while the interbank loan market is disregarded. Banks' abilities to exert market discipline are taken for granted, as they are expected to have the expertise to assess correctly the riskiness of other banks....

Market discipline in the personal deposit market is of great importance for regulators. In developing economies, which rely much and are dependent on the dollar and euro, changes in the currency structure of the deposits may be strategic and work as an additional disciplining mechanism. Our...

In recent years the Russian banking system has witnessed numerous bank license withdrawals. Many of the failed banks had significant volumes of retail deposits in their liabilities, thus, transmitting the default burden to the Deposit Insurance Agency and ultimately to the taxpayers. In their...