In this paper we extend the analysis of optimum ordering interval for inventory, carried out by Mukherjee(2), to incorporate random price schedules observed by firms. We obtain the expression for optimum cycle length by minimizing the expected total cost per unit time. In effect we carry out a...

The purpose of this paper is to prove by induction the theorem (in Aizerman and Malishevsi [1981]) that a choice function which satisfies Chernoff’s axiom and Outcasting can always by expressed as the union of the solution sets of a finite number of maximization problems. The proof we offer is...

We propose a solution to the bargaining problem which responds appropriately to certain changes in the disagreement point, for a fixed feasible set. If di increases, while for j=/i, dj remains constant, our solution recommends an increase in agent i’s payoff, in agreement with intention. We...

In this paper we reformulate the problem posed by public services subject to congestion in a manner consistent with economic theory and obtain first and second best solutions to the problem.

This paper is a revised version based on two of my earlier papers Lahiri (1989c) and Lahiri (1990). For useful suggestions and discussions I am grateful to Jim Jordan, T.Parthasarathy, Prakash Chander, Arunava Sen and the participants of the 1990 International Conference of Game Theory and Its...

In this paper we say that a preference for freedom of choice is justifiable if there exists a reflexive and complete binary relation on the set of alternatives, such that one oppurtunity is atleast as good as a second, if and only if the there is at least one alternative from the first set which...

In this paper we extend the weak and strong axioms of revealed preference to markets with rationing and establish that if the observed demand behaviour in such markets satisfy the strong axiom of revealed preference, then it is representable by a utility function.

The purpose of this paper is to establish the equivalence of two axioms one of which appear in Nehring [1997] and the other in Nehring and Puppe [1999]. The one in Nehring and Puppe [1999] is due to Aizerman and Malishevski [1981]. We there by improve the existing characterisation of choice...

The study has made an attempt to gain an insight into the training needs of IAS Officers in the 10-16 years category from their own point of view. Data for the study was generated from programme feedback reports, exploratory interviews and through Training Needs Case Studies of officers in the...

In this paper we have developed a very general framework for studying group decision making problems with claims which subsumes the set of problems studies in axiomatic models of bargaining. Subsequently we proceed to establish the improvement sensitivity of some solutions defined on a smaller...