Recent empirical research shows that industry and regulatory shocks play a key role in determining merger activity in developed countries. We use this framework to analyze merger activity in India, using a comprehensive database spanning a thirty-year period, from 1973-74 to 2002-3. At the...

Book Review of Wogart, Jan Peter, Aasha Kapur Mehta and Arun Mehta, Technology and Competitiveness: The Case of Brazilian and Indian Machine Tools, Sage Publications, New Delhi, 1993, pp.166, Rs. 225

Book Review of Ha-Joon Chang, Kicking away the Ladder: Development Strategy in Historical Perspective, Anthem Press, London, 2002, 187 pages, $22.50(Paperback)

In 1791, Alexander Hamilton suggested that assuring protection to domestic entrants Could pre-empt entry-degterrence by foreign firms. This paper reformulates his Argument in game-theoretic terms with asymmetric cost information, imposing the Requirement that both the foreign firm's threat and...

Despite more than a quarter century of intense research into the phenomenon of intra-industry trade (the import and export of goods belonging to the same industry, hereafter abbreviated as IIT), several important puzzles remain: the existence of IIT even at highly disaggregated levels of...

For most developed countries, "opening up" of the economy has meant the reduction of non-prohibitive tariffs and the easing or abolition of quantitative restrictions. For manydeveloping countries and economies in transition, however, it often requires the relaxation of autarkic policies such as...

This paper develops a supergame model of collusion between price-setting oligopolists located in different markets separated by trade costs. The firms produce a homogenous good and sustain collusion based on territorial allocation of markets. We first show, in a more general framework than some...

Although the issue of trade and competition policy has been dropped from the Work Programmes of the Doha Round of World Trade Organization (WTO) negotiations, it continues to be discussed in other fora and may return to the WTO after the completion of the Round. This article assesses the case...