scholarly journals ECONOMIC AND MATHEMATICAL MODELLING OF THE PRICE FORMATION MECHANISM UNDER CONDITIONS OF THE EUROPEAN INTEGRATION

Author(s):  
Uliana Sytailo
2017 ◽  
Vol 14 (3) ◽  
Author(s):  
Vassilios D. Tountopoulos

There is a general consensus in the legal literature that illiquid markets are prone to manipulation. However, the question is not as simple as it appears to be. A plethora of provisions reveals that the European legislator is sceptical regarding the reliability of the price-formation mechanism in illiquid markets. Illiquidity constitutes a structural problem of the market, and illiquid markets are generally considered inefficient markets. The aim of this article is to analyse the relation between market illiquidity and market manipulation in terms of legality. We claim that the nature of the market affects the application of market-manipulation provisions and market-manipulation indicators. Issues such as causation, mental elements and standard of proof are strongly affected by illiquidity. The basis for this argument is that investors should not be condemned for a natural market phenomenon.


Author(s):  
Ning Mi ◽  
Dunnan Liu ◽  
Ning Qiao ◽  
Liyang Wang ◽  
Qiang Li ◽  
...  

1997 ◽  
Vol 113 (11) ◽  
pp. 805-810
Author(s):  
Takayoshi SHINKUMA ◽  
Hideki FUJII ◽  
Takashi NISHIYAMA

Author(s):  
Marina CHORNA ◽  
Nataliya SMOLNYAKOVA ◽  
Anatoly VOLOSOV

It is revealed that assessment of competitive advantages of retail enterprises has grown more essential in the conditions of European integration. Approaches to the choice of tools for assessing the competitive advantages of retail enterprises are studied. Their debatable nature, lack of consensus and impossibility of application in retail enterprises without adaptive transformations are revealed. The paper highlights the basic prerequisites for the development of a multi-criteria integrated assessment system: the dual nature of competitive advantages and suitability for a certain stage of their life cycle; specifics of content and typology of competitive advantages of retail trade enterprises as a consequence of the peculiarities of the industry. The authors develop a system for assessing the competitive advantages of retail enterprises with the differentiation of criteria and indicators by stages of the life cycle: establishment, implementation, development. The use of individual and generalized assessment indicators at each stage is substantiated. Economic and mathematical modelling is used to calculate generalizing indicators. It is proposed to use them to assess the competitive indicators of the enterprise: competitive potential, competitiveness and sustainable competitiveness. The system of assessment of competitive advantages at chain retail enterprises has been tested. It is confirmed that the results of research have been adopted by retail enterprises for implementation and have been used to develop measures for the creation, implementation and development of competitive advantages.


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