This paper proposes a general model of asymmetric price transmission at the retail level to examine the volatility of retail spreads in vertical markets, with endogenous overshooting of the wholesale spreads. The model is tested with Indian data and detects significant levels of asymmetry in...

This paper examines the impact of dynamic information acquisition by retailers, on the degree of asymmetric price transmission in vertical markets. We propose a generalization of the extant models of asymmetric price transmission, by endogenising the process of dynamic information acquisition....

This paper investigates the short run efficiency of wholesale markets within the context of vertical markets. We propose a partial adjustment model to examine the dynamics of the wholesale bid-ask spread and determine whether this has any impact on hoarding at the wholesale level. The dynamics...

The paper argues for a renewed emphasis on hydro generation, with a concerted effort to tackle the environmental issues. It also argues for dropping the concept of State Level planning for power sector so that the generators can be located near the mines' mouth or hydel locations and electricity...

Despite the importance of agriculture in developing countries, and the general recognition of the need for strengthening data quality, very few studies examine the quality of available data and the data generation methods in agriculture. In this paper, we use data from an extensive deployment of...