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№ 1(55) 28 february 2016 year
Rubric: The competitiveness of firms
The author: Vlasov D.

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During 2008 crisis fixed capital investment in Russian economy dropped significantly: investments in fixed prices slowed down by 15,6% between 2009 and 2008. For industrial enterprises decrease was even large about 17,2%. While GDP in Russia in 2012 – 2015 surpassed pre-crisis level, fixed capital investments are still remaining below pre-crisis level. Deterioration in fixed capital at the end of 2014 almost reached 50%, while in 2000 it was only 40%, which requires large renewal of fixed capital and demands rapid growth in investments. Thereby current level of investments in economy is not sufficient not only for renewal of fixed capital, but also for maintaining capital on pre-crisis levels. Such low-level investments of industrial companies can be explained by lag in investment competitiveness between Russia and Western Europe countries. Based on EFIGE and IIMS data this article dwells upon the analysis of manufacturing companies’ investment competitiveness in Western European countries (United Kingdom, France, Germany, Spain and Italy) and Russia, including the inter-state differences in the fixed capital investment financing structure. Investment competitiveness is measures by investment to sales ratio. The discrepancies of the specific investment quotes between small-, medium-, and large-sized businesses have been discovered by the simultaneous equations system. Factors leading to investment incompetitiveness have been found and explained.
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№ 1(55) 28 february 2016 year
Rubric: Industry market
The author: Simonov K.

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The article is devoted to the complex research of the competition conditions in Russian exhibition branch on the basis of Porter-Downes’ model taking into account globalization, digitalization and deregulation processes. The main content of the research consists of the estimates of the competitive forces operating in Russian exhibition sector. The accruing threat for exhibitions from actions-substitutes, alternative products and innovative technologies is characterized in detail. The considerable attention is paid no the analysis of the threat proceeding from new «players» — network exhibition projects with world famous brands which are initiated by foreign companies. Their competitive advantages and receptions for getting in Russia are discussed. It is claimed that the reasons for suppliers market power weakening are in essential expansion of Russian exhibition areas, and also in abundance of market offers from providing enterprises to exhibition business. Among the proofs of participants market power strengthening some evidences of exhibitors unity growth against their not redundancy as well as facts of competent visitors number reduction are submitted. As one more competitive force Russian state is considered. It is shown that in exhibition sector of Russia the intense competition takes place.
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№ 1(55) 28 february 2016 year
Rubric: Industry market
The author: Nastych M.

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The paper analyzes the merger between three universities in Saint Petersburg. This merger is a result of the processes taking place in the field of higher education in Russia. It includes consolidation and reduction of some other universities, formation of federal universities, reduction of numerous non-core specialties. As it is well known, the integration processes in oligopolistic markets are accompanied with increasing concentration, and hence growing of market power. It results in a decline in output, higher prices and higher profits of all firms in the industry. The merger of these universities is not motivated by these economic incentives that need to be evaluated. The article aims to predict the economic consequences of this merger within the framework of the commercial forms of education for a bachelor’s degree. In particular, our analysis shows the forthcoming price growth due to the low elasticity of demand for the higher education and other factors. The empirical analysis in the paper is based on the method of merger simulation with the use of open data on the positions available for entrants in the considered universities at Saint Petersburg.
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№ 1(55) 28 february 2016 year
Rubric: The theory of competition
The author: Gorelikov K. A.

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The article investigates the behavior of heterogeneous firms associated with the production of differentiated goods under conditions of monopolistic competition. Shows the importance of heterogeneous firms in achieving equilibrium and social optimum. Great attention is paid to the consideration of variable demand elasticity and endogenous heterogeneous firms. In the article, the various aspects of the evaluation of models of market equilibrium monopolistic competition, and social optimum (Pareto-optimum). The research is carried out through the consideration of issues such as: the number of represented products; the adequacy of our products and their possible deficit; efficiency of technology choice in the production of products; the optimal size of a monopolistic competitive industries relative to the rest of the economy. In the conclusion summarizes the key findings.
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№ 1(55) 28 february 2016 year
Rubric: The theory of competition
The author: Rubin Y.

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The author offers definition of the competitive status of a market participant, discloses notion of the competitive environment and competitive forces. The author identifies the competitive status of company as companies role in the innovative transformation of the market environment: innovator, conformist, exploiter, niche actor. 
The author consistently reveals the peculiarities of firms in competitive status as a leader, challenger for the leadership, the middle peasants (the representative of the crowd), and the outsider. Also author identifies the main features of the paired competitive dispositions of firms with different competitive status. 
Paper describes some tactical model, implemented by leader against challengers. The author reveals content of the concept of «burden of leadership» and formulates «commandments» of the leader and the challengers for the leadership. 
The paper reveals the definition of the competitive status of market participants by comparison competition in business and competition in nature (by A. Yudanov).The article also describes the competitive status of the debutant, debutante types and formulates 10 rules of successful debut.
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№ 2(56) 29 april 2016 year
Rubric: The theory of competition
The author: Andreeva K.

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The article is aimed at overviewing theoretical researches on the analysis of competition in sports leagues. Supporters are treated as consumers in the market of sports services who values the unpredictability of results. The article contains a number of factors that influence the level of unpredictability, including level of talent in leagues, number of clubs capable to be on top places, and others. The first part of the article includes statistics to prove the fact of increasing competition between clubs of the major European leagues: more and more clubs compete with each other for prizes and European cup zone. There is a number of indicators to evaluate the level of competitiveness in sports leagues. Further the article contains classification of sports leagues and reasons of appearing rules that restrict competition, as well as a list of the main factors that cause market monopolization. There is also a review of several articles with models of competitive balance in sport. In the last part of the article issues for further applied researches on the topic of sport competition are listed on the basis of the results of theoretical review of sports economists in Europe and the United States.
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