Non-performance risk and transaction costs in laboratory forward and spot markets

Article Abstract:

A study investigating the effects of contract non-performance in a forward auction market, when the forward market is linked with a spot auction market, is presented. The results from the laboratory markets, which are considered as more reliable, suggest that the spot market becomes a backstop to failed units in the forward market.

Russia, Market Survey Techniques, Venture Analysis, Risk assessment, Spot market, Market surveys

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An inverse global environmental Kuznets curve

Article Abstract:

The environmental Kuznets curve (EKC) is supposed to be an inverted U-shaped curve designed to explain the dependence of environmental degradation on the level of economic development. The arguments against the existing EKC methodology are discussed.

Scientific Research and Development Services, Development, Economic Programs-Total Govt, Administration of Economic Programs, Evaluation, Environmental aspects, Economic development, Mathematical models

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