PRIMJENA TEORIJE IZGLEDNOSTI NA MIKROOSIGURANJE TEMELJENO NA PRISTUPU KONTINGENTNOG VREDNOVANJA ZA SIROMAŠNO STANOVNIŠTVO U UKRAJINI

This paper takes a behavioral economics approach and empirically tests if Prospect Theory can explain behavior of low-income people in Ukraine. The study uses the contingent valuation method due to direct inquiry of low-income people, in a survey, how much they would be willing to pay for insurance and to get back in case of an insurance event arising. This paper provides suggestive evidence that according to Prospect Theory poor individuals make decisions based on expectations of loss or gain from their current relative position and are more sensitive to losses compared to gains. The work also answers the question concerning the microinsurance: can microinsurance be a business proposition and provide value for low income people at the same time? The results lead to the power-law distribution of potential clients according to the price of a microinsurance service. The obtained correlations help to formulate strategies to tap the low-income market in the country.Ovaj rad koristi pristup bihevioralne ekonomije i empirijski testira može li teorija izglednosti objasniti ponašanje osoba s niskim primanjima u Ukrajini. U radu se koristi metoda kontingentnog vrednovanja zbog izravnog ispitivanja osoba s niskim primanjima, kroz ankete, o tome koliko bi bili spremni platiti za osiguranje i dobiti natrag u slučaju nastanka osiguravajućeg slučaja. Ovaj rad pruža sugestivne dokaze da prema teoriji izglednosti siromašni pojedinci donose odluke na temelju očekivanja gubitka ili dobitka od svog trenutnog relativnog položaja i da su osjetljiviji na gubitke nego na dobitke. Rad također odgovara na pitanje koje se tiče mikroosiguranja: može li mikroosiguranje biti poslovni prijedlog i istovremeno pružati vrijednost osobama s niskim primanjima? Rezultati dovode do „power-law“ distribucije potencijalnih klijenata prema cijeni usluge mikroosiguranja. Dobivene korelacije pomažu u formuliranju strategija za iskorištavanje tržišta niskih prihoda u zemlji

Bridging the Gaps in Armenia's Political Space: the Political Party System after the 'Velvet Revolution'

Armenia's 'Velvet Revolution' further underlined the inherent flaws in Armenia's political space. Political parties had lost touch with their voter base and had broadly failed to fulfil their functions. Consolidation was reached not in the political, but in the public field. The civic activist base played a crucial role in the revolution, raising further questions as to the relevance of political parties. However, with a switch to a parliamentary system of governance, the role of the parliament - and the political parties - has become crucial. For the parliamentary democracy system to gain traction, political parties will need to adapt and develop institutionally - both separately and as a whole - in the process and work closely with civil society more broadly

A Bombastic Christmas: Discussion... Food!

With foods of all kind giving that brown-wood dining room pulpit a slap of color, our family got into a jovial mood, drinks in hands, stomachs with nothing to complain about, fully conscious of a scrupulous and scrumptious gala awaiting all of us. So first, a full classification of our food, stuffs that chart a sort of map that shows a trail to Christ\u27s kingdom

INFLUENCE OF INSURANCE ON COMPETITIVENESS OF FOOD ENTERPRISES IN UKRAINE

The paper is devoted to the analysis of the influence of insurance on key indicators of the activity of food industry enterprises (FIEs) from the viewpoint of use of insurance by the insurance market participants. The aim of the work is to analyze the relationship between insurance costs and indicators of efficiency and competitiveness of Ukraine's FIEs. Hypotheses concerning the propensity of FIEs with higher competitiveness to use insurance and influence of insurance on key indicators of FIEs activity have been formulated and tested. Economic-statistical analysis and correlation-regression analysis have been performed. The hypothesis about the existence of dependence between the competitiveness of FIEs and the portion of money allocated by FIEs for insurance is confirmed only for FIEs with high efficiency of business activity

Про роль мезоентропіі в термодинаміці фазових перетворень першого роду в сплавах

A thermodynamics of a new phase formation in a binary alloy, taking into account the chemical depletion and the size distribution of new phase nuclei giving the energy input at high temperatures, is considered. It is shown the principal possibility of obtaining of the size distribution function for nuclei in the framework of a general variation procedure for the Gibbs free energy functional. The ‘chemical depletion’ related to the difference of compositions of the new phase embryo and the solution of the solid metastable alloy is discussed. The role of the ‘mesoentropy’ for the determination of whole energy of first order phase transformation is manifested.Розглянуто термодинаміку утворення нової фази в бінарному сплаві з врахуванням хімічного виснаження та розподілу зародків за розмірами, який дає ентропійну складову до енергії системи при високих температурах перетворення. Показано принципову можливість отримання функції розподілу зародків нової фази за розмірами у рамках загальної варіаційної задачі для функціоналу Гіббса. Обговорюється хімічне виснаження зумовлене різницею складів зародку нової фази і розчину метастабільного сплаву. Розкрито роль мезоентропії для визначення загальної енергії фазового перетворення першого роду

The Influence of Factors on Bitcoin Value Formation

The study is based on hypotheses about the influence of factors on bitcoin value formation. The aim of the article is the scientific inquiry and determination of factors affecting bitcoin value with a high level of correlation. The list of factors includes 33 world indicators, among which there are other cryptocurrencies, fiat money, world indices of stock markets, shares of powerful global companies, prices for energy and precious metals. As a result of the study, independent influential factors are selected and a correlation-regression model of bitcoin value is built. The statistical significance of the factors included in the model and the correlation-regression equation that allows simulating bitcoin value is substantiated. Practical approval of the proposed model using the actual data of the identified influence factors is carried out. Prospects for further research in this direction are based on applying trends as to independent factors that markedly affect the value of a bitcoin in order to model its future value. In addition to the factors identified, a significant influence on bitcoin value can be made by supply and demand, bitcoin scalability, interference of government regulatory institutions, the shadow money market, volume and nature of news in the crypto currency market

The Features of Functioning of Cryptocurrency «Bitcoin»

The features of functioning of the innovative currency «bitcoin» in different world countries, methods of its extraction and storage are researched. The possibility of using bitcoin by Ukrainian consumers of services is considered. Advantages and disadvantages of its use in comparison with fiat money are identified. The possibility of outflow of fiat money from the real sector of economy into the shadow sector due to interaction and exchange of fiat money for non-fiat money is substantiated. The dynamics of value of bitcoin and capitalization of the market by years in the timespan of 2015–2018 are disclosed. The value of bitcoin is predicted using the polynomial function of the fifth order trend. The forecast value of the value of bitcoin as to September 2018 is received at the level of 7528–8285 USD