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 analyzes the socio-economic impacts of dropshipping - a new form of organization of sales, is rapidly gaining the Russian market. Dropshipping opens up tremendous prospects not only for ordinary people, but also for the Russian manufacturers, which if used properly can dropshipping...

In this paper, a new concept of "limit information" is introduced and studied for Arrow-Debreu type economies with asymmetrically informed agents. The concept is based on the so-called contractual approach that presumes that agents meet and form coalitions, where the concurrent exchange of...