Both India and the U.S. were once colonies of Great Britain, the world''s first but short-lived global power. And both India and the U.S. ultimately threw off the imperialist yoke. Despite independence, both democracies inherited certain things from Great Britain. Whereas India inherited the...

The aim of this paper is to derive some important lessons in economic philosophy from two recent Indian films. The two films, Mani Ratnam’s Guru (2007) and Madhur Bhandarkar’s Corporate (2006), are explicitly about the world of business and the people who inhabit it. The former...

Behavioral experiments conducted so far to establish existence of endowment effect as propounded by prospect theorists typically endow subjects with a single good. In this paper we depart from this setting by giving subjects initial endowment bundles which consist of two goods: chocolates and...

Real corporate governance requires tough financial regulators which effectively work to safeguard investors’ interests in securities and endeavour to create a proper environment for the securities market to develop. The financial regulators – Securities and Exchange Board of India, SEBI in...

In this paper, we study the mechanism of dynamic pricing of electricity and its opportunities in the Indian context. We compare the economic efficiency of dynamic pricing vis-à-vis the traditional flat tariff of electricity. We analyse various ways in which dynamic tariff can be introduced in...

For a country like India, which is committed to the rule of law, the role of police is undergoing changes very rapidly. It is primarily due to the fact that the country has transformed from a police state to welfare state since independence in 1947, and thereafter since India became a Republic...

The corridor allocation problem is one of assigning a given set of facilities in two rows along a straight corridor so as to minimize a weighted sum of the distances between every pair of facilities. This problem has practical applications in arrangements of rooms in oces and in hospitals. The...

The current situation of a large CAD, low growth, and plunging rupee is a result the combination of early withdrawal from the fiscal stimulus and the RBI’s monetary conservatism. There is possibly a way out if credit can be expanded to close the differential between the low end government bond...

In this article, a new kind of stationary zero-inflated Pegram's operator based integer-valued time series process of order p with Poisson marginal or ZIPPAR(p) is constructed for modelling a count time series consisting a large number of zeros compared to standard Poisson time series processes....

Marketing literature has identified task definitions as one of the important situational influences. Task definition features of a situation include an intent or requirement to select, shop for, or obtain information about a general or specific purchase. Researchers have tried to define planned...