The Price-Quality Relationship—Revisited

Using price data collected in Indianapolis and Lafayette, Indiana, rank order correlations between price and quality were computed. These were compared to correlations based on price data obtained from the publications of consumer product testing organizations. It was found that price-quality correlations based on the price data furnished by consumer product testing organizations may not reflect price-quality correlations for specific markets. A second finding of the study suggests the existence of variability across store types with respect to price-quality correlations.     

Types and Amounts of Information Used by Efficient Consumers

This paper describes a research methodology which assesses the efficiency of consumer decision-making based on the types and amounts of informational cues used. A simple operational method is used to classify consumers into three levels of consumer efficiency based on how well they perform in assessing the optimal choice. The information chosen by perfectly efficient consumers, or those scoring at the maximum level of efficiency, is examined for indicators of optimal information seeking and decision-making techniques.     

Book of Intdernational Economics Affairs: MULTINATIONAL ENTERPRISES — A CONTINUING SAGA

AMERICAN MULTINATIONALS AND AMERICAN INTERESTS, by C. Fred Bergsten, Thomas Horst and Theodore H. Moran ALTERNATIVES TO THE MULTINATIONAL ENTERPRISE, by Mark Casson THE ECONOMICS OF MULTINATIONAL ENTERPRISE, by Neil Hood and Stephen Young     

Role of Input-Output Model in Macroeconomic Analysis and Forecasting

The current issue of the journal is dedicated to problems of using input–output models in modern scientific research and economic policy. Authors who applied the model in their scientific work and obtained significant scientific results are involved. This subject will take an important place in the further research practice of IEF RAS.     

Trends in the Development of Russian Currency Markets in the Context of Global Structural Transformations and Sanctions

The article analyzes factors, features and trends in the development of the Russian foreign exchange market as an integral part of international currency market in the context of global financial imbalances, de-globalization processes, new protectionism and sanctions regime in relation to Russia. Particular attention is paid to assessing the impact of forms and methods of managing international foreign exchange reserves on structure of Russian foreign exchange market, as well as characterizing the channels of impact of the current conditions for functioning of the Russian foreign exchange market on the currency policy strategy.