Game-theoretic model of election to a corporate board of directors is proposed. It is shown that the equilibrium distribution of seats is unique. The uniqueness guarantees nonmanipulability of elections. The distribution is obtained by the d’Hondt method of seats distribution in proportional...

The paper addresses the issue of linguistic diversity and its impact on economic policy and political decisions. Importance of the topic is illustrated by examination of optimal sets of official languages in the European Union. It is shown that alternative estimation methods of language...

Эта публикация является нашим ответом на многочисленные вопросы и желание коллег из стран СНГ получить больше информации об актуальных тенденциях раз- вития...

Dieses Diskussionspapier ist unsere Antwort auf zahlreiche Nachfragen unserer Kollegen aus den GUS-Staaten zum Thema Versicherung in der Landwirtschaft. Demzufolge haben wir versucht die wichtigsten Aspekte von Versicherungen als Risikomanagementinstrument zu beleuchten. Das Ziel des Beitrages...

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...

Эта публикация является нашим ответом на многочисленные вопросы и желание коллег из стран СНГ получить больше информации об актуальных тенденциях раз- вития...

In this paper, we model the deposit market with costly information on bank risks. The model adds to the volume of literature related to the Diamond-Dybvig mod-el and related models of information-based bank runs. The inclusion of costly infor-mation signals indicates that depositors must decide...

Higher education is valued as a source of skills and knowledge, and also as means to signal à talent of degree holders. The policy reforms intended to make higher education more accessible and strengthen incentives for quality.second of these benefits, unlike the first one, could survive a...