In the literature related to choice theory an important problem which has been dealt at length is the rationalizability of choice function. In the approach of revealed preference theory the question generally posed is whether it is possible to explain the demand function from the choice...

In this paper, we study, how social relations among the firm owners, employees influence their decision to form R&D collaborations with each other. We consider an oligopoly market set-up with n homogeneous firms. Each firm has a representative individual (owner/manager). We examine, how...

Economic analysis of law hovers around the notion of efficiency. Much of the literature related to tort law go in investigating the properties of efficient liability rules that apportion harm, arising out of interactions involving negative externalities, among the parties. It is well argued that...

In this paper, we propose a connection model for formation of networks having both positive and negative links. We define utility functions of a node and hence of a network by using balanced and unbalanced triads in the network. Further, using those utility functions we define strongly efficient...

Pattern of entrepreneurial activities in India has undergone a sea change in the later half of the 20th century, more towards the end of it. From being a government dominated sector in the immediate post-independence scenario to a one with reasonable space for operation of private entrepreneurs,...

This paper analyzes a decision-making process known as Choice by Elimination then selection, in which an individual narrows down available alternatives based on a preference order called the elimination relation and then selects the best element from the remaining alternative based on a...

In this paper, we study how exogenously given social relations (e.g. friendship) among the firm owners/managers influence the formation of an R&D collaboration network among the firms. In our framework, firms, prior to competing in the market, invest in R&D collaborations with others which...