A Model of Economic Policy Making with Transaction Costs and Breach-of-Contract Risk Insurance | Sciact - Система учета научной деятельности ИМ СО РАН

A Model of Economic Policy Making with Transaction Costs and Breach-of-Contract Risk Insurance Научная публикация

Журнал

Journal of Applied and Industrial Mathematics
ISSN: 1990-4789 , E-ISSN: 1990-4797

Вых. Данные

Год: 2022, Том: 16, Номер: 3, Страницы: 460-471 Страниц : 12 DOI: 10.1134/S1990478922030103

Ключевые слова

bilevel mathematical programming problem; breach-of-contract risk insurance; investment climate; Stackelberg game; stochastic local search; strategic planning; transaction costs

Авторы

Lavlinskii S.M. ¹ , Panin A.A. ¹ , Plyasunov A.V. ¹

Организации

1	Sobolev Institute of Mathematics, Siberian Branch, Russian Academy ofSciences, Novosibirsk, 630090, Russian Federation

Информация о финансировании (2)

1	Институт математики им. С.Л. Соболева СО РАН	FWNF-2022-0019
2	Российский фонд фундаментальных исследований	20-010-00151

Abstract: This article continues the authors’ research into cooperation between public and privateinvestors in a resource region. In contrast to previous papers, an attempt is made here to take intoaccount the institutional features of the process of forming the investment climate. To this end,transaction costs are introduced in the model and a mechanism for breach-of-contract riskinsurance is formed. In the Russian mineral resource complex, costs and risks of this kind can bevery appreciable. This work aims to analyze partnership mechanisms taking into account thesecircumstances and using the game-theoretic Stackelberg model. Such mechanisms determine theeconomic policy of the government and play an important role in stimulating private investment.The model is stated as a bilevel mathematical programming problem. Efficient solution algorithmsbased on metaheuristics are developed. This allows the practical study of the properties ofStackelberg equilibrium with real data. The equilibrium determines the design of the mechanismof economic policy making fully meeting the interests of society. © 2022, Pleiades Publishing, Ltd.

Lavlinskii S.M. , Panin A.A. , Plyasunov A.V.
A Model of Economic Policy Making with Transaction Costs and Breach-of-Contract Risk Insurance
Journal of Applied and Industrial Mathematics. 2022. V.16. N3. P.460-471. DOI: 10.1134/S1990478922030103 Scopus РИНЦ OpenAlex

Лавлинский С.М. , Панин А.А. , Плясунов А.В.
Модель формирования экономической политики с учетом трансакционных издержек и страхования рисков разрыва контрактов
Дискретный анализ и исследование операций. 2022. Т.29. №3. С.45-63. DOI: 10.33048/daio.2022.29.738 РИНЦ

Scopus:	2-s2.0-85144204175
РИНЦ:	58888416
OpenAlex:	W4312862046

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