We consider a simplified model of finance market where two players carry on direct multistage bidding with risky assets (shares). One of the players (the insider) is informed on the liquidation price of a share, the other player knows its probability distribution only. It is shown that the...

Russian Abstract: В препринте на основе стохастического анализа SFA предложены оценки технической эффективности 78 регионов России в 2011-2016 годы, учитывающие...

In this paper, we investigate the impact of informality on earnings inequality in Russia using the RLMS - HSE data for 2000-2010. We apply decompositions based on the recentered influence functions of unconditional quantiles proposed by Fipro, Fortin and Lemieux (Fipro et al., 2009). Our results...

Statistical evidences that some transmission channels of «resource curse» operate in Russian economy at regional level are received. Incomes from export of power resources and gratuitous federal transfers play a role in increase of officialdom, in distortion of regional elite behavior, and...