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Regular version of the site
Article
An Approach to Estimating the Economic Expediency of Developing a New Cargo Transport Hub by a Regional Public Administration

Belenky A., Fedin G., Kornhauser A.

International Journal of Public Administration. 2021. Vol. 44. No. 13. P. 1076-1089.

Book chapter
A note on subspaces of fixed grades in Clifford algebras

Shirokov D.

In bk.: AIP Conference Proceedings. Vol. 2328: ICMM-2020. AIP Publishing LLC, 2021. Ch. 060001. P. 060001-1-060001-4.

Working paper
On compact 4th order finite-difference schemes for the wave equation

Zlotnik A., Kireeva O.

math. arXiv. Cornell University, 2020. No. arXiv:2011.14104v2[math.NA].

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Tag "sufficient decrease in social welfare" – News

HSE Seminar on Political Economy: David Martimort (Paris School of Economics) about the social welfare and the relationships between the government and operators

The relationships between the government and operators are regulated by a contract. In theory such contracts offer a choice among a continuum of options, but due to the complexity, it is impossible to realize them. Therefore the government usually offers a contract with just two alternatives, for instance, a fixed-price or a cost-plus one. However, using such binary contracts instead of the ones obtained in theory leads to a sufficient decrease in social welfare. On the presentation of the article «Full versus binary menus: What are the welfare gains?» the professor of Paris School of Economics David Martimort told us how, actually, big the loss of the society is.