On February 25, 2014, ISET hosted Dr. Sergei Izmalkov of the Moscow New Economic School. Dr. Izmalkov, who works with the most popular Russian search engine, Yandex, presented a paper he co-authored with Dmitry Arkhanglesky, Dilyara Khakimova, and Sergey Lyashenko, titled: “On the evaluation of click-through rates and conversion rates of different positions in sponsored search auctions”.

Recently, I was made aware of an article by the famous Harvard economist Gregory N. Mankiw ("Defending the One Percent’’, The Journal of Economic Perspectives, 2013). In that article, he puts forward an interesting thought experiment. Assume we were in a state in which the market outcome would lead to absolute equality among economic agents.

Located only 800m from the South Ossetian border, the village of Kvemo Nikozi was swept by the invading Russian troops in August 2008.

One thing few visitors to Tbilisi fail to notice is the rich and layered architectural heritage of the city. There are medieval churches in Old Tbilisi. There are art nouveau buildings in Sololaki.