Series WP9 «Research in Economics and Finance»

Editor: Maxim Nikitin

Papers published in this series were presented at ICEF research seminars as part of the research programme coordinated by the International Academic Committee of ICEF. The programme has been running since 2003 and is supervized by ICEF Project Director at the LSE, Professor Richard Jackman, and Senior Academic Advisor Dr. Amos Witztum

Publications in the series: 52

Dong M., Mayskaya T., Smirnov V., Taylor O., Wait A. Diversity in teams. WP9/2023/03. – Moscow: HSE Publishing House, 2023. – 38 p. (PDF, 287 Kb) 

Catonini E., Stepanov S. On the Optimality of Full Disclosure. WP9/2023/02. – Moscow: HSE Publishing House, 2023. – 44 p. (PDF, 395 Kb) 

Catonini E., Kurbatov A., Stepanov S. Independent versus Collective Expertise. WP9/2023/01. – Moscow: HSE Publishing House, 2023. – (Series WP9 “Research of economics and finance”). – 58 p. (PDF, 429 Kb) 

Fardeau Vincent. Sequential Entry in Illiquid Markets. WP9/2022/03. – Moscow: HSE Publishing House, 2022. – 93 p. (PDF, 665 Kb) 

Fardeau Vincent. Strategic Trading around Anticipated Supply/Demand Shocks. WP9/2022/02. – Moscow: HSE Publishing House, 2022. – 128 p. (PDF, 778 Kb) 

Fardeau Vincent. Arbitrage with Financial Constraints and Market Power. WP9/2022/01. – Moscow: HSE Publishing House, 2022. – 86 p. (PDF, 1.43 Mb) 

Sokolov V., Khairutdinov A. Bond Funds During the Sovereign Debt Crisis: the Argentinian Experience. WP9/2021/08. – Moscow: Higher School of Economics Publ. House, 2021. – 60 p. (PDF, 578 Kb) 

Jascisens V., Zasova A. Million Dollar Baby: Should Parental Benefits Depend on Wages When the Payroll Tax Evasion is Present? WP9/2021/07. – Moscow: Higher School of Economics Publ. House, 2021. – 58 p. (PDF, 403 Kb) 

Piermont E., Zuazo-Garin P. Failures of Contingent Thinking. WP9/2021/06. – Moscow: Higher School of Economics Publ. House, 2021. – 43 p. (PDF, 482 Kb) 

Penta A., Zuazo-Garin P. Rationalizability, Observability and Common Knowledge. WP9/2021/05. – Moscow: Higher School of Economics Publ. House, 2021. – 55 p. (PDF, 595 Kb) 

Cerigioni F., Germano F., Rey-Biel P., Zuazo-Garin P. Higher Orders of Rationality and the Structure of Games. WP9/2021/04. – Moscow: Higher School of Economics Publ. House, 2021. – 40 p. (PDF, 487 Kb) 

Carre S., Klossner D. Banks as Liquidity Multipliers: Asset Liquidity Premia and Funding Liquidity Risk. WP9/2021/03. – Moscow: Higher School of Economics Publ. House, 2021. – 67 p. (PDF, 1.89 Mb) 

Carre S., Collin-Dufresne P., Gabriel F. Insider Trading with Penalties. WP9/2021/02. – Moscow: Higher School of Economics Publ. House, 2021. – 72 p. (PDF, 1.89 Mb) 

Carre S. Disclosures, Rollover Risk, and Debt Runs. WP9/2021/01. – Moscow: Higher School of Economics Publ. House, 2021. – 66 p. (PDF, 1.10 Mb) 

Peiris U., Andreev M., Shirobokov A., Tsomokos D. Commodity Cycles and Financial Instability in Emerging Economies. WP9/2020/02. – Moscow: Higher School of Economics Publ. House, 2020. – 82 p. (PDF, 4.00 Mb) 

Catonini E., Mayskaya T. Disagreement Under Almost Common Knowledge of Rationality. Working paper WP9/2020/01. – Moscow: Higher School of Economics Publ. House, 2020. – 19 p. (PDF, 341 Kb) 

Chakraverty Arkaja, Gong Ning, Singh Harminder. The Effect of Labor Mobility on Corporate Innovation. WP9/2019/06. – Moscow: Higher School of Economics Publ. House, 2019. – 35 p. (PDF, 985 Kb) 

Mayskaya Tatiana. Dynamic Choice of Information Sources. Working paper WP9/2019/05. – Moscow: Higher School of Economics Publ. House, 2019. – 63 p. (PDF, 1.21 Mb) 

Kivinen S., Tumennasan N. Consensus in Social Networks: Revisited. WP9/2019/04. – Moscow: Higher School of Economics Publ. House, 2019. – 30 p.

Zakharenko R. Optimal Coercion in Property Assembly. Working paper WP9/2019/03. – Moscow: Higher School of Economics Publ. House, 2019. – 53 p.

Gebauer M. Adding One More Ingredient: Decentralizing Optimal Allocations in Search and Matching Models with Complementarities in Labour. WP9/2019/02 . – Moscow: Higher School of Economics Publ. House, 2019. – 41 p.

Catonini E., Stepanov S. Reputation and Information Aggregation. WP9/2019/01. – Moscow: Higher School of Economics Publ. House, 2019. – 87 p.

Catonini E., De Vito N. Common assumption of cautious rationality and iterated admissibility. WP9/2018/02. – Moscow: Higher School of Economics Publ. House, 2018. – 89 p.

Catonini E. Self-Enforcing Agreements and Forward Induction Reasoning. WP9/2018/01. – Moscow: Higher School of Economics Publ. House, 2018. – 84 p.

Seth A., Taub B. Strategic investment. WP9/2016/01. – Moscow: Higher School of Economics Publ. House, 2016. – 56 p.

Stepanov S. Biased Performance Evaluation in A Model of Career Concerns: Incentives versus Ex-Post Efficiency. WP9/2015/05. – Moscow: Higher School of Economics Publ. House, 2015. – 39 p.

Stepanov S. Transfers of Corporate Control in Firms with Non-Controlling Blockholders. WP9/2015/04. – Moscow: Higher School of Economics Publ. House, 2015. – 57 p.

Belianin A., Kosals L. Collusion and corruption: an experimental study of Russian police. WP9/2015/03. – Moscow: Higher School of Economics Publ. House, 2015. – 19 p.

Stepanov S., Suvorov A. Agency problem and ownership structure: outside blockholder as a signal. WP9/2015/02. – Moscow: Higher School of Economics Publ. House, 2015. – 36 p.


Chuhay R. Pricing Innovation in the Presence of Word of Mouth Communication. WP9/2015/01. – Moscow: Higher School of Economics Publ. House, 2015. – 37 p.

Nikitin M., Solovyeva A., Urosevic B. Globalization, Exchange Rate Regimes and Financial Contagion. WP9/2012/04. – Moscow: Publishing House of the Higher School of Economics, 2012.

Landeo C.M., Nikitin M., Izmalkov S. Playing against an Apparent Opponent: Incentives for Care, Litigation, and Damage Caps under Self-Serving Bias. WP9/2012/03. – Moscow: Publishing House of the Higher School of Economics, 2012.

Borisenko D., Gelman S. Liquidity, asymmetric information and asset pricing on the Russian stock market. WP9/2012/01. – Moscow: Publishing House of the University – Higher School of Economics, 2012.

Yurko A. From Consumer Incomes to Car Ages: How the Distribution of Income Affects the Distribution of Vehicle Vintages. WP9/2011/01. – Moscow: Publishing House of the Higher School of Economics, 2011. – 52 p.

Slonimczyk F., Skott P. Employment and Distribution Effects of the Minimum Wage: The Importance of Being Social.  WP9/2010/05.– Moscow: Publishing House of the University – Higher School of Economics, 2010. – 44 p.

 Morfov S. Dynamically Optimal Executive Compensation when Reservation Utilities Are History-Dependent.  WP9/2010/03. – Moscow: Publishing House of the University – Higher School of Economics, 2010. – 56 p.

Morfov S. Dynamic Moral Hazard with History-Dependent Participation Constraints.  WP9/2010/02. – Moscow: Publishing House of the University – Higher School of Economics, 2010. – 44 p.

Yurko А. How Does Income Inequality Affect Market Outcomes in Vertically Differentiated Markets? WP9/2010/01. – Moscow: Publishing House of the University – Higher School of Economics, 2010. –32 p.

Sprenger C. The Choice of Ownership Structure: Evidence from Russian Mass Privatization. WP9/2009/02. – Moscow: Publishing house of SU HSE, 2009. – 64 с.

Nikitin M., Smith R.T. Bank Spreads and Business Cycles. WP9/2009/01. – Moscow: Publishing house of SU-HSE, 2009. – 44 с.

Dobrynskaya V. The implications of the asymmetric price rigidity for the monetary policy in an open economy and a cross-country evidence. WP9/2008/02. – Moscow: Publishing House of SU HSE, 2008. – 44 с.

Sokolov V. Open Market Operations and Volatility of Bond Returns: Microstructure Evidence. WP9/2008/01. – Moscow: Publishing house of SU HSE, 2008. – 44 с.

Sokolov V. Open Market Operations and Volatility of Bond Returns: Microstructure Evidence. WP9/2007/03. – Moscow: Publishing house of SU HSE, 2007. – 44 с.

Belianin A. Towards an Equilibrium Theory of Cooperation in Finitely Repeated Games. WP9/2007/02. – Moscow: Publishing House of SU HSE, 2007. – 32 с.

Nikitin M., Smith R. Information Acquisition, Coordination, and Fundamentals in a Financial Crisis. WP9/2007/01. – Moscow: Publishing House of SU HSE, 2007. – 24 с.

Kuzina O. Puzzles of Saving Behaviour of Russian Households WP9/2005/05. – Moscow: State University – Higher School of Economics , 2005. – 52 с.

Dementiev A. Reforming Russian Railways Introduction of Competition and New Regulatory Challenges. WP9/2005/04. – Publishing house of SU HSE, 2005. – 36 с.

Shpringel V. The Russian Financial Crisis: Why was Ruble Devaluation Accompanied by the Sovereign Debt Crisis? WP9/2005/03. – Moscow: State University – Higher School of Economics , 2005. – 24 с.

Dobrynskaya (Soynova) Viktoria V., Levando Dmitry V. A study of exchange rate pass-through effect in Russia WP9/2005/02. – Moscow: State University − Higher School of Economics, 2005. – 36 с.

Belianin A.V. Signaling bank quality: an evolutionary approach to money market in transition WP9/2005/01. – Moscow: State University – Higher School of Economics , 2005. – 44 с.