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Price strategies of mobile operators in Russia in the conditions of the global economic recession

100%
Dengov V., Tulyakova I., Gregova E., Sviridov G.
Oeconomia Copernicana
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2020
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vol. 11
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issue 2
347-370
EN
Research background: Currently, the four major mobile communications providers dominate the Russian market. The oligopolistic structure leads to negative consequences, such as a weak stimulus for the product development or technological innovation, and the lack of incentive for the call-rate reduction. In their line of work, the mobile service providers use different price strategies. To comprehend what determines the current price level and what changes one should expect therein, we have to understand which factors influence the price of the mobile services. Purpose of the article: The chief goal of this work is the analysis of the influence of the crisis on the price strategies of the providers, as well as the forecasting of the changes of prices for their services. As the main hypothesis, this work presents the assumption that during the recession the price of the mobile services in the different regions of Russia will grow. Methods: The authors built regression models for the dependence of the average price of the mobile providers' services in a particular region from the selected factors. In this work, we selected the following types of the multiple regression equation as the modeling functions: linear, power-law, exponential. Adding the time factor (t) is the key element of the forecasting. Findings & Value added: After gathering the data and the subsequent calculation of the medium price baskets, we were able to build different multiple regression models. To build the forecasts for the dynamics of prices in the regions for the year 2018 we selected the best regression models. The analysis of the acquired forecasting results generally proved our hypothesis about the growth of the average prices for the mobile communications services, expected in 2018 in the majority of regions. The analysis itself, the programs created for its implementation, as well as the results obtained, can, in our opinion, be considered as some contribution to the development of the theory of price competition in oligopolistic markets. The mobile services' markets in many EU countries have a similar structure, and, with this in mind, the results of forecasting price dynamics obtained from Russian experience may be of interest to scholars dealing with similar problems in their respective countries, including the possibility of conducting comparative studies.
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Changes in the production factor’s structures in agriculture in the light of price adjustments. A case study of selected EU countries1

100%
Czyżewski A., Staniszewski J.
Management
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2015
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vol. 19
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issue 2
136-151
EN
The conducted research concerns the issue of the impact of the prices on the volume and the productivity of labour and capital factors. The purpose of the article is to compare to what extend changes in the structures of agricultural production factors in the agriculture of selected EU countries (Poland, Hungary, Italy) in years 1999-2013 are the consequence of adaptation to price conditions on the agricultural products markets and production factors markets. The studies prove the low elasticity of production factor structures relative to the price scissors index in the all countries. However, in the case of Hungary and Poland it is particularly low, which can be connected with low capitalization of agriculture in those countries, on the one hand, and the “path dependency” effect in the context of communist past of these countries, on the other.
3
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The impact of government consumption on the private expenditures in developing country: the case of Indonesia

88%
Kuncoro H.
Business and Economic Horizons
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2018
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vol. Volume 14
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issue Issue 1
1-16
EN
The relationship between government actions and private reactions is an important subject of continuing discussion in fiscal policy. This paper provides empirical evidence on the impact of government consumption on private expenditures in the case of Indonesia over the period of 1990–2012. We use Almost Ideal Demand System (AIDS) model to analyze the quarterly data of household consumption, investment, government spending, and import in compliance with the national income product based on expenditure approach. The results confirm that the government expenditure crowds-out household consumption. In contrast, it crowds-in firm investment and import. The elasticity of government expenditure with respect to income is the lowest while that of investment is the highest. Those findings suggest that the public sector is decreasing in relative importance gradually taken over by private sector to promote economic growth. As the economy grows, the economic policies of governments should have a tendency to more heavily focus on economic stabilization especially in relation to external imbalance induced by tendency of increase in import.
4
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Wirkungen des Mindestlohns oder im Dschungel der Elastizitäten

75%
Schöler K.
Studia Miejskie
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2014
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vol. 15
121-132
PL
W niniejszej pracy omówione zostaną założenia wprowadzonej przez rząd płacy minimalnej, z punktu widzenia narzędzi teorii mikroekonomii. Wskazane zostaną możliwe różne efekty jej oddziaływania na gospodarkę. Z zaprezentowanych w artykule rozważań jasno wynika, że jak do tej pory brak nam wiedzy empirycznej, by możliwie wiarygodnie prognozować wpływ płacy minimalnej na funkcjonowanie wielu obszarów gospodarczych. Możliwe jest jedynie wytyczenie prognozy kierunku rozwoju.
EN
In this paper the minimum wage and its assumption, which was established by the government, will be discussed. The author would like to present the impact of minimal wage on the economy. The presented consideration allow to conclude that there is a lack of empirical knowledge about the minimum wage and prediction their impact on the functioning of many economic area. We can only forecast the direction of development.
5
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Wybrane problemy rolnictwa światowego

63%
Kulawik J.
Zagadnienia Ekonomiki Rolnej
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2015
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issue 3(344)
19-47
EN
World agriculture faces a serious challenge: how to guarantee a relevant quantitative and health standard of food provision to a growing, and probably increasingly more affluent population, at the same time, reducing – or at least not increasing – the pressure on the environment and climate change. As a result, competition for land, freshwater, energy and mineral resources, necessary to produce potassium and phosphorus fertilisers, will be tougher. However, there are some strategies to meet these challenges. Coordinated and consistent actions are necessary, both on the side of demand (changes in diet and consumption patterns, and reduction in food losses) and supply in agri-food markets. In particular, it is necessary to close the existing yield gaps, improve the efficiency in the use of all resources, invest in research and agricultural implementations, and reduce losses across the entire food chains. Individual actions should be taken simultaneously and on a global scale, which, in itself, poses a serious problem. This instantly brings to mind the climate negotiations: almost everyone agrees that multilateral agreements would maximise the overall well-being, but the temptation to “get a free ride” prevails among many countries, as priorities continue to have short-term objectives and effects.
6
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Consumer Behaviour in the Accommodation Services Market – a Comparison of Vienna, Bratislava and Prague in 2018

51%
Petříček M., Chalupa Š.
Comparative Economic Research. Central and Eastern Europe
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2021
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vol. 24
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issue 2
137-152
PL
Celem artykułu jest porównanie trzech rynków usług noclegowych przy użyciu danych empirycznych pochodzących z ponad 250 obiektów noclegowych usytuowanych w trzech miejscowościach (Wiedeń, Bratysława, Praga). Na podstawie danych dziennych dokonano ich porównania dla okresów miesięcznych w 2018 roku. Porównania dokonano na podstawie trzech podstawowych kryteriów – obłożenia, średniej stawki dziennej oraz wskaźnika cenowej elastyczności popytu. Elastyczność cen zmierzono za pomocą analizy regresji log‑log. Kluczowe wnioski z porównania są następujące: (1) Rynki wiedeński i praski są podobne pod względem obłożenia i współczynnika elastyczności cenowej. Z kolei rynek w Bratysławie wykazywał istotne statystycznie różnice w porównaniu z pozostałymi dwoma rynkami pod względem wszystkich badanych kryteriów. (2) Rynek w Bratysławie działał w znacznie niższym przedziale cenowym w porównaniu z innymi analizowanymi rynkami. W dłuższej perspektywie rynek ten charakteryzował się także mniejszym obłożeniem. (3) Rynki w Wiedniu i Pradze reagowały bardziej dynamicznie zmianą cen na zmiany w zachowaniu konsumentów. (4) Zidentyfikowano tak zwany „efekt listopada”, w którym wszystkie wskaźniki na wszystkich rynkach zachowywały się nietypowo. (5) Cechą wspólną wszystkich rynków jest to, że w długim okresie wykazywały one nieelastyczny cenowo popyt, a na przełomie roku wszystkie te kraje zmagały się z paradoksem Giffena.
EN
The paper aims to compare three accommodation services markets using empirical data from more than 250 accommodation facilities in specific destinations (Vienna, Bratislava, Prague). The data are available on a daily basis, but the resulting comparison is then performed on a monthly basis within 2018. The comparison is performer based on three basic criteria – occupancy, average daily rate and an indicator of price elasticity of demand. Price elasticity is measured using a log‑log regression analysis. The key findings of the comparison are as follows: (1) The Vienna and Prague markets are similar in terms of occupancy and coefficient of price elasticity. In contrast, the Bratislava market showed statistically significant differences from the other two markets in all the criteria under review. (2) The Bratislava market operates at a significantly lower price range compared to the other markets analysed. In the long term, this market has also been lower in the field of occupancy. (3) The markets in Vienna and Prague respond more dynamically to changes in consumer behaviour by changing prices. (4) The so‑called “November Phenomenon” has been identified, where all indicators in all markets behave unconventionally. (5) All markets have in common the fact that they have shown price‑inelastic demand over the long term, and at the turn of the year, they all face Giffen’s paradox.
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