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We present a directed variant of Salop’s (1979) model to analyze bus transport dynamics. Players are operators competing in both cooperative and non-cooperative games. Utility, like in most bus concession schemes in emerging countries, is proportional to the total fare collection. Competition...
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Sovereign wealth funds (SWFs) have emerged in developing Asia as a policy response to an unprecedented accumulation of … sensitivity of state-led FDI severely constrains the ability of developing Asia's SWFs to undertake FDI on a significant scale …. Therefore, the potential for developing Asia's SWFs to become major sources of outward FDI is more apparent than real. This …
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Asia has run since the 1997–1998 Asian crisis. A country's current account surplus is, by definition, equal to its net …
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