This paper examines the validity of the Porter hypothesis in the presence of environmentally conscious consumers and asymmetry of information between the regulator and the polluting agent. There are two implications of the Porter hypothesis. One, a policy based on "best available technology"...

China and India reported highest growth in high-tech exports for the past two decades (World Bank) and hence are increasingly becoming the countries to file for protection of intellectual property. This paper examines whether there is a delay in time to grant of a patent when applied by domestic...

We analyse how soft information acquired at a cost by a lender affects the debt contract between the lender and a project manager, and the manager's incentive to invest in a specific asset. Under certain conditions, the lender chooses to acquire soft information about the profitability of the...