Tag "economics"

On November 11, 2024, during Economist Day in Russia, Maxim Reshetnikov, Russian Minister of Economic Development, spoke to students of the HSE Faculty of World Economy and International Affairs about Russia’s foreign economic activities, how the country managed to withstand unprecedented sanctions pressure, and the current state of its development.

The Faculty of Economic Sciences is launching its annual prediction contest. On October 14, the Nobel Committee will announce the winners of the Sveriges Riksbank Alfred Nobel Prize in Economic Sciences live on air. You have time to prepare and explore the landscape of contemporary economic thought. What topics and areas are considered particularly important and promising at the moment? Anyone can win.

The Roland Garros tennis tournament, one of the most prestigious in the world, began on May 26. The prize money for this year's French Open totals nearly 54 million euros, with athletes competing in both singles and doubles events. In doubles tennis, choosing the right strategy for a match is crucial. Athletes' ability to adapt to the dynamics of the match and strategically choose the server can earn the pair up to 5% more points, according to Nikolai Avkhimovich, doctoral student and research fellow at the Laboratory of Sports Studies of the HSE Faculty of Economic Sciences. A paper with the study findings has been published in Applied Economics.

HSE University economists have proposed a novel approach to modelling monopolistic competition with heterogeneous firms and consumers. The results of collaborative research carried out by Alexander Tarasov from Moscow, his co-authors from HSE University–St Petersburg, together with the Norwegian School of Economics, the University of Pennsylvania, and the Free University of Brussels, have been published in American Economic Journal: Microeconomics.

Researchers at the HSE Faculty of Economic Sciences examined the level of effort that professional football players are willing to exert during a match in absence of financial incentives. It appears that the primary factors driving players to strive harder for victory are the strength of the opponent and the significance of the match for the club. This is particularly noticeable in derby matches between teams from the same city, such as the Moscow derby between CSKA and Spartak on April 25, 2024. The study has been published in the Journal of the New Economic Association. 

Backers of projects on crowdfunding platforms can expect rewards from their pledges. For example, funding someone's idea on Kickstarter can result in an average annual return of 11.5%, with design projects known to deliver returns as high as 70%. However, it is important to note that these returns do not come in the form of direct cash payments but rather as savings on the purchase of the product once it hits the market. This has been demonstrated in a study by researchers at the HSE Faculty of Economics published in Economic Analysis Letters.