India's bilateral cooperation under the scheme of Mekong-Ganga co-operation is significant. The bilateral co-operation between and Lao and India is also significant for regional and sub-regional development. India as a development partner of Lao PDR envisaged various bilateral and multilateral...

This paper examines moral hazard in teams over time. Agents are collectively engaged in an uncertain project, and their individual efforts are unobserved. Free-riding leads not only to a reduction in effort, but also to procrastination. The collaboration dwindles over time, but never ceases as...

Two models of the firm dominate corporate law. Under the management-power model, decision-making power rests primarily with corporate insiders (officers and directors). The competing shareholder-power model defends increased shareholder power to limit managerial authority. Both models view...