The telecommunication firms operate on the basis of acquisition of airwave space, which is licensed by the government. The usual policy practice in this regard is ascending auction that ensures maximization of revenue for the government. The established view in the literature is that the...

Text book analysis shows that there is no giffen input in contrast to existence of giffen good in consumer's case. This paper shows that while this result holds for perfect competiton and monopoly, in the context of Cournot model there can be giffen input

As an economy treads along a higher growth path, some sections of people enjoy more than proportionate rise in income. This increase in prosperity changes the demand pattern in the economy and by the market mechanism, production of goods used by the prospering sections goes up. As requirements...

The market economy progresses on the strength of human drive for income and accumulation. Income earned through rules-permitted activities brings prosperity. But for some economic agents, violation of laws and rules offers easier ways to earn income and wealth. The agents of law-enforcing...

The government-owned transport corporations that provide intra city bus service in India suffer from huge loss. Hence it is necessary to improve the earnings of the transport corporations by innovative pricing. This paper looks at the passengers' reservation price for assured seat and builds up...