The entire discussion about Globalisation that is prevalent today is about PSEUDO globalisation. It is apparently about opening economies for free trade. The need of the hour is not mere opening of economies, but one of opening hearts and minds.... Globalisation anchors for its success on the...

This paper provides a step-by-step hands on introduction to the techniques used in setting up and solving moral hazard problems with lotteries using Matlab. It uses a linear programming approach due to its relative simplicity and the high reliability of the available optimization algorithms.