Oleksandr Shcherbakov

Senior Economist

Alex is a Senior Economist. His primary research interests are in Microeconomics and Industrial Organization with focus on empirical dynamic models of consumer and producer behavior.


Oleksandr Shcherbakov

Senior Economist
Economic Research and Analysis

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9


Explaining the Interplay Between Merchant Acceptance and Consumer Adoption in Two-Sided Markets for Payment Methods

Staff Working Paper 2019-32 Kim Huynh, Gradon Nicholls, Oleksandr Shcherbakov
Recent consumer and merchant surveys show a decrease in the use of cash at point-of-sale (POS). Increasingly, consumers and merchants have access to a growing array of payment innovations as substitutes for cash.

Firm-level Investment Under Imperfect Capital Markets in Ukraine

Staff Working Paper 2019-14 Oleksandr Shcherbakov
This paper develops and estimates a model of firm-level fixed capital investment when firms face borrowing constraints.

Identifying the Degree of Collusion Under Proportional Reduction

Staff Working Paper 2017-51 Oleksandr Shcherbakov, Naoki Wakamori
Proportional reduction is a common cartel practice in which cartel members reduce their output proportionately. We develop a method to quantify this reduction relative to a benchmark market equilibrium scenario and relate the reduction to the traditional conduct parameter.

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Refereed Journals

  • "Measuring consumer switching costs in the television industry". RAND Journal of Economics, Vol.47, No.2, Summer 2016, pp.366-393.
  • "Quality overprovision in cable television markets"
    (with Gregory Crawford and Matthew Shum). American Economic Review. Vol.109. No.3, forthcoming.

Work in progress

  • "Firm-level investment under imperfect capital markets in Ukraine". Revise and Resubmit to JEMS.
  • "Explaining the interplay between acceptance and usage of payment methods in two-sided markets"
    (with Kim P. Huynh and Gradon Nicholls).
  • "Welfare analysis of equilibria with and without early termination fees in the U.S. wireless industry"
    (with Nicolas Schutz and Joseph Cullen).
  • "Government regulation as collusion facilitating device: evidence from Ukrainian white sugar industry in 1993-2000".
  • "Measuring consumer switching costs in the wireless industry"
    (with Joseph Cullen).
  • "Identifying collusion under proportional reduction"
    (with Naoki Wakamori)
  • "Demand for payment services"
    (with Kim P. Huynh and Jozsef Molnar)

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