THE MODEL OF INTERACTION OF SPACE SERVICES MARKET PARTICIPANTS BASED ON THE CONTRACT THEORY


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Abstract

The space industry is an integral part of the global economy and science. Due to the space market attractiveness both for the state and the commercial sector, new space technologies are being constantly developed, various goods and services appear that naturally promote the industrial competitiveness improvement at the world and the national and interregional levels as well. In the space products market, a customer, while searching for a performer and concluding a contract with him, faces a number of issues. One of them is the hiding of the information about the quality of a product or service provided by the performer in his pursuance of self-interest. Within the contract theory, this information is the type of a performer. The problem caused by the information asymmetry can be solved by developing such a contract that involves the mechanism of identification of the performer type. Currently, there is no any economic and mathematical mechanism to solve the task of identifying the optimal contract between the space market participants.

The paper analyzes the modern global market of space products and services, evaluates the position of Russia within the global space industry, and specifies the state of each market segment, its participants, and their characteristics. Based on the contract theory, the authors developed the model of interaction of the space services market participants on the example of an operator of digital television and the companies providing launch services in the conditions of symmetrical and asymmetrical information. Contract menu is developed in such a way that the performers of one or another type should select themselves the contract intended for them, otherwise, their benefit will reduce.

In the result of the study, the authors identified the contract structures optimal for this system (cost per launch and the number of launches). The developed model allows harmonizing the economic interests of the space services market participants and improving the efficiency of their interaction.

About the authors

Dmitriy Yurievich Ivanov

S.P. Korolev Samara National Research University, Samara

Author for correspondence.
Email: ssau_ivanov@mail.ru

Doctor of Sciences (Economics), Professor, Head of Chair “Management of organization”

Russian Federation

Elena Konstantinovna Belyaeva

S.P. Korolev Samara National Research University, Samara

Email: Belyaeva1301@gmail.com

postgraduate student of Chair “Economics”

Russian Federation

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