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...

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...

The paper discusses convergence of evolutionary dynamics to mixed equiliria including different behavior strategies. Models of cooperative and altruistic behavior spreading are considered. The paper reveals special features of human behavior evolution in comparison with behavior in biological...

Russian Abstract: В статье рассмотрено функционирование розничного рынка бензина в Санкт-Петербурге в 2002–2013 гг. Проведен теоретический и эмпирический анализ влияния...

This paper investigates the influence of both concentration and foreign banks expansion in Russian banking sector on the level of its competition. The estimation of competition is based on widely used non-structural methodology of Panzar-Rosse H-statistic (Rosse, Panzar, 1977; Panzar, Rosse, 1987)...

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...