This paper provides a proof of Alchian and Allen’s thesis—superior good is relatively more consumed in distant market—with some restrictions on the utility function. Comparing to the proof by Borcherding and Silberberg (1978), those assumptions may restrict the model in some sense but we...

This expository note shows Alchian and Allen’s conjecture–consumers purchase fine quality relatively more than coarse one– is true under some specific conditions about homogeneity, inner solution and substitutability while allowing the influence of the income effect. In the proof, to be an...

The authors present a derivation of the formulas for the calculation of consumer credit in three different schemes. The article demonstrated the benefits of consumer credit calculation using Excel. Shows the practice of calculating the actual profitability of the bank

The author considers the problem of using the competency approach in Russian higher education. Obtained information competence of the future economist. As a means of formation of information competence represented funktsonalnaya task

Tipping is a phenomenon that has been studied for many years, but is receiving increased attention in recent years. The magnitude of tips is very large – in the US, for example, tips in the food industry alone amount to about $42 billion each year, and tips are given in many other...

The field of behavioral economics is one of the fastest-growing fields in economics in recent years. Not long ago this was a small field, but over the last decade or so, the field gained more recognition, and today it seems clear that psychological motivations and biases affect economic behavior...

It is crucial to design and implement decision support systems to assist the manager because of the diversity and the large amount of data stocked in an organization. The concept of decision support system (DSS) defines any information technology focused on supporting the decision process. For a...

ABSTRACT This paper examines the role of the diaspora as a driver of international entrepreneurship in the context of the Indian IT industry. As an initial exploratory analysis of an emerging phenomenon, it is based on case studies to identify the entrepreneur’s diaspora links as a source of...

In this paper, a fifteen regions–fifteen sectors global Computable General Equilibrium (CGE) model is calibrated. It offers quantitative enumeration of 5% exogenous biotechnological invention in USA in genetically modified crops namely, maize grains and soybean. Consequently, it results in...

Indian economic development in the recent period has attracted both favourable and unfavourable attention abroad. The development community including academics and activists regards the record of the Indian economy during the last twenty years as being extremely good by international standards....