Year of Graduation
Research and Modeling of Pricing and Equlibrium Processes in the Infant School Market
AbstractWhat are the ties between bribery and waiting times in the Infant school market? How do state and private Infant schools interact?As far as I am aware these questions have received rather poor attention in the extant Literature. In my graduating paper I use a model which is similar to the Hotelling one in order to analyze situation when which three types of agents: households with different preferences on quality level, state kindergartens and private kindergartens act in the foregoing market. I specify conditions of the Nash equilibrium in the mixed strategies and count prices and quality in it. The influence of various factors, such as alternative consumption, different state and private market shares, existence queues or corruption and etc. are examined. Finally, I test derived results on statistical data.