In this paper debt policy in a two-period, two-sector overlapping generations model with Leontief technologies has been analysed. It has been found that debt, issued to transfer resources to the initially old, could be welfare improving in the new steady state for an economy which satisfies the...

In this paper, we analyze the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone’s income can be appropriated by its model. Only people with the highest ability are cloned, while...

In this paper a particular market failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention are analysed. The friction which is investigated is related to the ownership of children. If parents have no claim on their children’s...

Agriculture sector, world over, has experienced a phenomenal growth since the mid-twentieth century. The growth, driven by Green Revolution technology, has made a significant dent on aggregate supply of food grains, ensuring food security to the growing population. The next stage of agricultural...

This research is about multinational enterprises (MNEs) and their subsidiaries abroad. The specific focus of the research is on the foreign subsidiaries? local embeddedness, global integration and multinational networks. As these linkages vary among subsidiaries and across time, the focal...

The report discusses the problems posed by one of the most archaic forensic procedures still in use: the finger test. [CEHAT].