Institution
Central Economics and Mathematics Institute
Facility•Moscow, Russia•
About: Central Economics and Mathematics Institute is a facility organization based out in Moscow, Russia. It is known for research contribution in the topics: Population & Foreign-exchange reserves. The organization has 297 authors who have published 580 publications receiving 6449 citations. The organization is also known as: Federal State Institution of Science Central Economics and Mathematics Institute of the Russian Academy of Sciences.
Papers published on a yearly basis
Papers
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TL;DR: In this paper, the limiting hedging error of the Leland strategy for the approximate pricing of the European call option in a market with transactions costs was shown to be not equal to zero in the case when the level of transactions costs is a constant, in contradiction to the claim in Leland.
Abstract: We compute the limiting hedging error of the Leland strategy for the approximate pricing of the European call option in a market with transactions costs. It is not equal to zero in the case when the level of transactions costs is a constant, in contradiction to the claim in Leland (1985).
6 citations
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TL;DR: The role of the state in the economy is discussed in this paper, where a triad of independent and cooperating macro-level actors is represented as a state, the society and the economy.
Abstract: The concept of the role of the state in the economy is developed. It is based on the systemic representation of the structure of independent and cooperating macrolevel actors as a triad "the state - the society - the economy". The concept assumes the balanced and coordinated functioning of these three spheres and the existence of functions of the state that cannot be delegated to others spheres, the main one of which is to maintain the evolutionary and progressive development of the country. Such representation allows creating in a new fashion the list and subordination of the functions of the state in the economy and the society, defining targets of the state ownership management.
6 citations
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01 Jan 2007TL;DR: In this article, the authors reveal links between abstract convex analysis and two variants of the Monge-Kantorovich problem (MKP), with given marginals and with a given marginal difference.
Abstract: In the present survey, we reveal links between abstract convex analysis and two variants of the Monge-Kantorovich problem (MKP), with given marginals and with a given marginal difference. It includes: (1) the equivalence of the validity of duality theorems for MKP and appropriate abstract convexity of the corresponding cost functions; (2) a characterization of a (maximal) abstract cyclic monotone map F: X → L ⊂ IRX in terms connected with the constraint set
$$ Q_0 (\varphi ): = \{ u \in \mathbb{R}^z :u(z_1 ) - u(z_2 ) \leqslant \varphi (z_1 ,z_2 ){\text{ }}\forall z_1 ,z_1 \in Z = dom{\text{ }}F\} $$
of a particular dual MKP with a given marginal difference and in terms of L-subdifferentials of L-convex functions; (3) optimality criteria for MKP (and Monge problems) in terms of abstract cyclic monotonicity and non-emptiness of the constraint set Q 0(ϕ), where ϕ is a special cost function on X × X determined by the original cost function c on X × Y. The Monge-Kantorovich duality is applied then to several problems of mathematical economics relating to utility theory, demand analysis, generalized dynamics optimization models, and economics of corruption, as well as to a best approximation problem.
6 citations
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01 Jan 1998TL;DR: In this paper, an alternative network model of oligopolistic markets of homogeneous product is developed, where agents sell their product at several independent markets taking into account the prices of the product unit at different markets, production expenditures, and transportation costs.
Abstract: In this paper, an alternative network model of oligopolistic markets of homogeneous product is developed. The agents sell their product at several independent markets taking into account the prices of the product unit at different markets, production expenditures, and transportation costs. The unit price at a market depends upon the total supply, whereas the production expenditures may grow along with the total volume of output by all producers. The latter ones choose production volumes and distribution of the output fractions sold at the markets. In order to do that, each agent uses conjectures about the total market supply variations depending upon those of his own supply. Under general enough assumptions concerning the market inverse demand functions and the producers’ cost and transportation functions, the equilibrium existence and uniqueness theorems are formulated and proven. Thus, the paper could be considered as a contribution to the analysis of the structuring effect of transportation network on markets and society as a whole.
6 citations
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TL;DR: In this paper, the authors examine the impact that development theories have had on development policies and the inverse impact of actual successes and failures in the global South on development thinking, and argue that development thinking is at the cross-roads.
Abstract: This paper examines the impact that development theories have had on development policies, and the inverse impact of actual successes and failures in the global South on development thinking. It is argued that development thinking is at the cross-roads. Development theories in postwar period went through a full circle – from Big Push and ISI to neo-liberal Washington consensus to the understanding that neither the former, nor the later really works in engineering successful catch-up development. Meanwhile, economic miracles were manufactured in East Asia without much reliance on development thinking and theoretical background – just by experimentation of the strong hand politicians.
6 citations
Authors
Showing all 315 results
Name | H-index | Papers | Citations |
---|---|---|---|
Boris Mirkin | 35 | 178 | 6722 |
Yuri Kabanov | 26 | 85 | 3396 |
L. V. Chernysheva | 24 | 167 | 1867 |
Igor V. Evstigneev | 21 | 129 | 1838 |
Alexander Zeifman | 21 | 177 | 1502 |
Vladimir Popov | 20 | 169 | 2041 |
Vyacheslav V. Kalashnikov | 19 | 109 | 1217 |
Vladimir I. Danilov | 18 | 165 | 1255 |
Victor Polterovich | 17 | 126 | 1145 |
Ernst Presman | 15 | 41 | 875 |
Andrei Dmitruk | 13 | 51 | 604 |
Anatoly Peresetsky | 13 | 45 | 617 |
Anton Oleinik | 12 | 55 | 495 |
Vladimir Rotar | 11 | 28 | 577 |
Nikolai B. Melnikov | 11 | 72 | 323 |