On February 23, ISET Policy Institute (ISET-PI) hosted a final dissemination event under the “Strengthening Entrepreneurial Training in the Formal TVET System” project, implemented within the small grants scheme of the Millennium Challenge Account – Georgia, and funded by the US Millennium Challenge Corporation.
The project as a whole sought to bring entrepreneurship classes (and real-life Georgian business cases) to Georgian VET institutions. It was implemented by ISET-PI in partnership with the Entrepreneurship Development Agency (EDA), and the professional colleges Gantiadi (Gori) and Prestige (Telavi), as well as the Vocational Education and Training Center in Gldani.
On February 19, Sandro Shelegia, an Associate Professor of Pompeu Fabra University, presented to the ISET community a study by Joshua Sherman and himself entitled “Bargaining at Retail Stores: Evidence from Vienna”.
The Associate Professor discussed the step-by-step procedures researchers had to follow to collect reliable data, and the theoretical bases upon which the truthfulness of the analyses strongly depended. The former stage posed major challenge for Shelegia and Sherman as the data they needed — such as the name, scale, and profile of the shop, the price range of the goods sold, etc. — was not available (in a structured form) in any of the existing databases. To tackle the problem, the researchers trained 12 RAs, and identified nearly 300 different retail shops throughout Vienna, Austria, and constructed the valuable database themselves.