In 2003, I defended my doctoral thesis based on the results of my work in the Ministry of Finance. And, in 2007, I strongly supported the initiative of the Institute for Financial Studies aimed at partnering with the Department of Economics at Pennsylvania State University
This partnership led to the installment of two research centers at Pennsylvania State University that are still operating today: the Center for the Study of Auctions, Procurements, and Competition Policy (CAPCP)
and the Center for Research on International Financial and Energy Security (CRIFES)
. The result was a comprehensive collaboration of two research institutes: Pennsylvania State University faculty and students took advantage of the scientific and practical experience of the IFS team, while the latter, in turn, gained useful information about scientific achievements from its American colleagues.
The CAPCP studied auctions held in the Russian Federation to allocate subsoil areas. In particular, the Center focused on real mechanisms of collusion and the choice between a price auction and a tender. The relevance of this topic was confirmed by the 2020 Nobel Prize in Economics being awarded to American economists Paul Milgrom
and Robert Wilson
for their studies in auction theory.
The main area of collaboration with the CRIFES was energy economics: energy security, gas market, and behavior of oil prices. The launch of the research center coincided with a period of aggressive growth in oil prices, which was perceived as a threat to stability. Together with the team of American researchers, we studied the fundamental factors of the growth, relying on resource economics. Today, major studies in this area are being conducted by my long-time friend and partner Barry W. Ickes
, Professor of Economics at Pennsylvania State University.
Further still, as a result of this collaboration, I was offered the teaching position of Visiting Senior Scholar for six years (2008-2014), in the capacity of which, I held seminars for postgraduate and master students on topics related to the redistribution of economic resources.