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Journal of Economic Surveys | 2012

HOW DO CONSUMERS MAKE CHOICES? A SURVEY OF EVIDENCE

Zakaria Babutsidze

In this paper, we review the evidence about the purchase behaviour of consumers. We concentrate on the characteristics of the choice process, choice of the external information source and nature of the information obtained from these sources. The impact of important systematic differences among consumers and products on choice behaviour is also discussed.


Metroeconomica | 2017

Duopolistic Price Competition with Captives

Zakaria Babutsidze

We extend the Bertrand duopolistic competition to include captives. These are consumers that have no choice between the suppliers. Usual population of shoppers are modeled performing a sequential search in order to decide where to buy a homogenous good. These two simple departures from the original setup have sharp consequences. First, we find that duopolistic price competition is not robust to inclusion of captives. The equilibrium results starkly differ and the only possible equilibrium now includes duopolists charging monopolistic prices. Second, addition of sequential search introduces multiplicity of pure strategy Nash equilibria. In this setup, we observe perverse optimal response to competitors price changes. Notably, we find that the firm might want to reduce the price in response to the competitors price increase, which is at odds with the usual undercutting principle. Third, we investigate the behavior of equilibrium prices depending on the heterogeneity in consumer risk attitudes. We find that the higher consumer heterogeneity with respect to acceptance of risky gambles leads to higher prices in equilibrium.


International Journal of Computational Economics and Econometrics | 2017

Consumer interaction and innovation incentives

Zakaria Babutsidze

This paper examines the link between consumer interaction and innovation performance of firms. Consumer interaction is modelled as a network effect: consumers adapt their tastes in order to take into account the popularity of the submarket the product is traded on. Consumer interaction is shown to result in higher innovation incentives during the transitional dynamics for two types of industries. However, across these industries the firms benefiting from higher incentives are different. In one case larger firms are the ones gaining from consumer interaction, in the other case smaller firms collect gains.


European Scientific Journal, ESJ | 2014

INFLUENTIAL INDIVIDUALS ON SOCIAL NETWORKS: AN EXAMPLE OF FACEBOOK IN GEORGIA

Zakaria Babutsidze; Tengiz Lomitashvili; Koba Turmanidze

The study determined the frequency of practice of the health care waste management practices on segregation, minimization, collection, storage, transport, disposal and treatment in the hospitals in Tabuk City. The study utilized a descriptive cross-sectional design. Interviews and ocular surveys/on-site observation, and the interviewer-administered questionnaire were utilized to gather data from the head nurse, waste handler during collection, waste handler during transport and waste manager. Data collected were treated using a five point Likert scale, and quantified using the frequency count, ranking, percentage and the Weighted Mean. The revealed that the health care wastes management practices are sometimes implemented in the hospitals in Tabuk City; segregation of wastes was generally often practiced, however, the use of plastic bags/plastic-lined cardboard boxes/leak-proof as containers of infectious and pathological wastes was seldom practiced. Waste minimization was often practiced, but composting was seldom practiced. Waste collection was sometimes practiced, but the collection of general wastes every shift and collection of biohazard wastes every shift was seldom practiced by the respondents. Waste storage and waste transport were sometimes practiced by the hospitals; but labeling properly all bags/containers with basic information of content, written or attached on the bag, and using transport vehicles exclusively for HCW were never practiced. Waste disposal was sometimes practiced, but offsite disposal exclusively for HCW was never practiced. Waste treatment was seldom practiced. Treating HCW before disposal, onsite treatment and using chemical disinfection as a type of treatment were seldom practiced while categorizing HCW when treating and treating wastewater prior to discharge off-site” were never practiced. From the conclusive results, the following recommendations were formulated: There is a need for the DOH to monitor regularly the management of health care wastes in each hospital 1. For waste segregation, in the use of labels and color coding scheme, all body fluids and excreta should be disposed in the infectious category. 2. Waste minimization through source reduction and recycling not only of plastics but also other recyclable materials such as papers 3. Strengthen the practice of composting 4. Due to the lack of appropriate storage area, collection and transport of biohazard waste should be done daily. 5. The city government should propose a separate disposal site for all healthcare wastes and set limit to public access to decrease the risk of infectious diseases 6. Burial pits should be lined with material of low permeability, such as clay, to prevent groundwater contamination. However, burial pits are recommended if they are located within the premises of the establishment. Encapsulation is the best method for disposal of sharps and should be practiced. 7. Waste treatment should be done to all infectious wastes. 8. The KASC Midwifery Department can initiate and conduct education and information campaign (IEC) for the hospital personnel, patients and guests at least once a yearMICROMEGAS (MICROMEsh GAs Structure) detector which is among the major families of position detectors in High Energy Physics, introduced in the late sixties, detects and localizes energy deposit by charged particles over large areas, is widely used in particle physics. This detector is in a sealed in which mixture gas circulates. This mixture usually based, on a noble gas and a few proportions a “quencher”. In this paper, we use 55Fe source that produces X-ray photons of 5.9 keV and a mixture gas on Argon (Ar) with quencher as isobutane (iC4H10) and dimethyl-Ether. We will present the results of the MATLAB simulations of MICROMEGAS performance taking into account all the processes from the primary ionization, the distribution of charges in the electrodes and the electron avalanche amplification (first Townsend coefficient and amplification gain). All the simulated results obtained indicate that the performances of the detector depend on many parameters. The simulation results are nearly consistent with the data that are published in other references, and provide important information in the MICROMEGAS design, making and operating. Our simulation predicts that further improvements are still possible for give a best spatial and temporal resolution for a MICROMEGAS detector.At the beginning the article focuses on general thematic considerations und explains why the implementation of approaches towards innovation management of public administrations into the private sector can be regarded as a reasonable aim. Furthermore, the underlying basic hypotheses are being established. Afterwards, the individual steps of a generally applicable implementation model will be described in detail and additional considerations on implementations and instructions on the course of action will be provided. At the end of each process that has been realized this way, a structured evaluation of the implemented methods and actions will be conducted. On the basis of a specific instruction on the course of action the article describes a generally usable model with the necessary work stages, instruments and required accompanying measures.The aim of this paper is to give a general view of the history of “Llaiko Vima” newspaper of the Ethnic Greek Minority in Albania from the year 1945-2012 in which will be mentioned the general characteristics of “Llaiko Vima” newspaper and mainly its purpose, its publishing team, its circulation, its personality and its ideology, the ideological action frame of its correspodents, its economics and circulation.Insurance, which was created in the early centuries, is of great interest even today. As a result, private insurance had to be distinguished. A great part of society is interested in protecting property. The basic of insurance must be juridical connection of subjects and people that was called insurance title. In the conditions of modern life, it is necessary for a person to be insured.Egypt has witnessed several waves of Armenian immigration through history particularly during the Ottoman era in Egypt and Arab world from the sixteenth century until the nineteenth century. After years of settlement and immigration, the Armenian minority became part and parcel of the multi-ethic/multi-cultural Egyptian society. Due to their commitment and dedication, the Armenians gained a reputation as experts in the fields of business and commerce244. This paper investigates the effect of this immigration on Egypt in the 19th century and the participation of the Armenian people in Mohamed Aly’s civilizational project which put Egypt on the map of the modern world. The paper will explore the significant role, played by Boghos Yosefyan, the central political and economic advisor of Mohamed Ali, in the development of the Egypt Renaissance. Based on the mutual correspondences (and letters) between the two parties (Mohamed Ali and Boghos) in addition to other historical documents, pursued in the Egyptian historical Archive, this study traces the nature of the role played by Boghoss Yosefyan in the construction of the Egyptian Renaissance during the first half of the nineteenth- century.The article considers the problems of conducting women nature research. The author offers to study women social behavior by reading fiction by Kazakh women writers. The author of the paper supposes that by analyzing Kazakh authors’ literature it is possible to find out problems that Kazakh women faced in the families, society, business, etc.Ten years have passed since the resources of the second tier- Mandatory State Funded Pension Scheme- have been transferred to the private fund managers. The second tier has started to pay accumulated capitals to the participants of pension schemes in 2013; therefore the aim of this paper is to assess the contribution of the private fund managers to the accumulation of the above-mentioned capitals.The amount of money accumulated on the second tier account depends on the amount of shares and their value. The last factor is the most considerable and it depends on the performance of investments made by the private fund manager. Profitability is one of the main indices for assessing the gain derived from the participation in the Mandatory State Funded Pension Scheme. For the analysis of profitability 26 pension plans have been divided into different groups. Then the authors have analyzed the following indices: profitability of 26 pension plans in different years and during the whole existence period; profitability depending on the declared risk of pension plan, its assets value and operation duration; deviation of profitability for all plans and for different groups of plans with similar declared risks, assets value and operation duration.The conclusions about the distinctions between the profitability of plans with different risks, assets and existence duration have been drawn. On the basis of conclusions the authors have estimated the contribution of the private fund managers to the accumulation of pension capital in the second tier of Latvian pension system.In the concluding remarks of the paper the authors have made proposals for increasing the contribution of private fund managers to the accumulation of capital in the Mandatory State Funded Pension Scheme.The subject of a surrogate motherhood in Georgia is no longer banned in Georgia at present. There are a lot of discussions currently occurring in the society. Moreover, medical technologies have gone even further and become more efficient in this respect. Therefore, these programs have become more popular all over country. People, who formerly tried to adopt children, now think of acquiring children through this particular method, which they would be genetically bound to.The article is devoted to the political and legal aspects of international cooperation against spectator violence and misbehavior at sports. The measures taken by the states and international intergovernmental and non-governmental organizations to maintain public order to prevent the acts of violence and misbehavior at sports is reviewed, as well as cooperation coordination problem on these issues at the national (the level of ministries, governmental agencies and sports organizations) and international levelsDefining demand at a national level is problematic in terms of the total volume of the structure, as to the performance of transnational corporations. Reviving of unemployment can not only be assessed at the national level, but an important aspect affecting national labor market is the revival of global economy which leads to the growth of the global labor needs. Currently, the focus of new jobs is shifting from partial professions towards cross-cutting and systemic professions, which must give a comprehensive response to developments in a particular industry. Slovakia is a small market economy significantly tied to major European economies, dominated by linkage to the German economy. Due to the high openness of the economy, the crisis has significantly affected the rate of growth of countrys performance and caused a drop in demand, a decrease in both production and unemployment. High unemployment in this period was related to revenue shortfalls in the state budget and deepening of the budget deficit.The compiling of Greek - Albanian and Albanian - Greek dictionaries after the 90’s has been a necessity due to the contacts which were established between the Greek and Albanian people after the fall of Communism in Albania and after the Albanian people came out of the half- century isolation. The efforts for compiling bilingual dictionaries during this period have been very important although there didn’t exist models which could be used to compile such dictionariesThe searches for solution to overcome the problems of prevention and deviant behavior in teenagers have focused our attention on the concept of personality-oriented approach in learner - centered education. In the psycho-pedagogical science it is established to be quite clear criteria that reveal the essence of deviant behavior of juveniles (teacher isolation, maladjusted, delinquency, instability of values, psychological aggression, social passivity, increased anxiety, conflictprone). The study of the etiology of deviant behavior allows the scientists to isolate the multiplicity of factors that produce such behavior. Causes of deviant behavior of teenagers is a pedagogical isolation, indocileness, tortfeasor, instability of value orientations, psychological aggression, social passivity, increased anxiety, conflict potential.The given article deals with the interests towards fit of passion of murder in the Science of Criminal Law of Georgia which already exists for a long time. It is stipulated by two causes: firstly, by permanent necessity towards investigation – judiciary practice which demands precise criteria of qualification of the act; secondly, by essential changes of criminal law doctrine in Georgia which caused working out of the new approach towards the problem of guilt. Consequently, Georgian scientists had to review a whole range of conceptions which did not answer demands of the present day. It is clear that due to complexity of the issue, it is hard to discuss approach of all conceptions in one article. We shall light briefly peculiarities of approach of Georgian scientists towards some conceptions. We should single out only so called argumentations of estimation for criminal and subject conceptions of psychological crime of guilt.Thу article describes one of the modern problems – political condition of international relations, relations between nations and inter-ethnical consent. The authors analyze the experience of Kazakhstan and Germany in ethnic politics, explore the importance of these issues in the world today.In modern conditions of oil and gas functioning there is exigency in search of field reserves of development at the expense of rational use of investment resources and efficient realization of investment projects. In the present situation such tasks solution is possible only in the framework of strategy development of component parts of the complex, including efficient attraction of foreign investment and mechanisms formation of its use.The availability of solar energy and its use for heating sanitary water is a resource that has been used since ancient times. However, current technologies allow optimization and its widespread use. In the project carried out by the National University of General Sarmiento (UNGS), it has designed an experimental system hybrid solar concentrator unit for heating water for sanitary use. This project was intended as a complement to traditional water heating for domestic use , based on a parabolic concentrator . The system was designed so that it can be used in existing conventional facilities or be installed as the primary system for heating water.All components are within the structure of the base parabolic concentrator, which allows transport and fixation. The proposed project conserves the energy consumption of a traditional water heater, develop applications and combine existing technologies in a solar tracking parabolic concentrator, so to optimize its operation. Not used the traditional flat panel, but experimented with a heat exchanger mounted in the focal zone of the concentrator. One of the main objectives of this project was to arrive at a design of an integrated product that contains all the necessary elements for operation in a single platform. This adjusted the designs and location of components achieving optimal layout of the facility, giving greater freedom in the design development and implementation of design concepts. This system will allow conventional energy saving which is normally used for purposes of domestic water heating, but plans to integrate these conventional systems. That is why we speak of a hybrid system, which uses solar energy and conventional energy (electricity or gas). Considering the average consumption that occur in a house with four people, this system can replace between 45% and 91% of the energy used for water heating use , depending on time of year and considering its application in the Argentina northwestern area. The components were sized according to the proposed operating conditions. In the case of solar energy utilization, the analysis was extended to different geographic locations of the country, analyzing performance and selecting different areas favorable for the implementation of the system. This project will lay the foundation for the future development of associated projects conducted by researchers and students of the university, such as the study of the control loops, the solar tracker system development and the possible construction of a prototype, for academic use.For nearly a decade, a significant amount of research, investigations, and scandals in mass media has produced a new understanding about the threat of violence in penitentiaries and the changing the international approaches to this phenomenon. Experience has shown that almost no country is immune from practices that amount to torture and ill-treatment. In the article author explores the reasons and scope of torture in the law enforcement and penitentiary systems of Georgia. Particularly author analyzed: reasons for the torture of the accused offenders on the stage of preliminary investigation; violence as a result of overcrowding in closed correctional facilities public policy and investigation of torture; and reasons for the use of force in prisons.


International Journal of Social Network Mining | 2013

The structure of the Georgian blogosphere and its implications for information diffusion

Zakaria Babutsidze; Tengiz Lomitashvili; Koba Turmanidze

We present the first study on the Georgian blogosphere. The complete dataset on Georgian bloggers is collected and analysed using social network analysis tools. We identify the network’s core-periphery structure. The results indicate that, after excluding unimportant peripheral blogs that do not actively participate in the system, the Georgian blogosphere is compact. The core of the system cannot be partitioned into communities by any observable characteristics. Therefore, we perform a community detection exercise. We identify two large communities and analyse their behaviour, internal architecture and inter-community interactions.


Journal of Economic Interaction and Coordination | 2014

Showing or telling? Local interaction and organization of behavior

Zakaria Babutsidze; Robin Cowan


Revue De L'ofce | 2012

Asymmetric (S,s) Pricing: Implications for Monetary Policy

Zakaria Babutsidze


Sciences Po publications | 2012

Agent Based Models A New Tool for Economic and Policy Analysis

Mauro Napoletano; Jean-Luc Gaffard; Zakaria Babutsidze


Journal of Evolutionary Economics | 2016

Innovation, growth and financial markets

Zakaria Babutsidze; Maurizio Iacopetta


Journal of Evolutionary Economics | 2016

Innovation, competition and firm size distribution on fragmented markets

Zakaria Babutsidze

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Robin Cowan

University of Strasbourg

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Mauro Napoletano

Sant'Anna School of Advanced Studies

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