In this paper we present a generalization of the Raiffa – Kalai. Smorodinsky Solution to two person bargaining games, to incorporate asymmetries in solution payoffs.

Emerging imbalances in Indian agriculture in Indian agriculture reflected in the differences in production performance of different crops are now well recognised. One of the causes of these uneven agricultural situations is the relatively poor performance or complete stagnation of the important...

The Antyodaya programme was launched by the Rajasthan government to improve the socio economic well being of the ‘last man’ in 1977. Benefits were to be first extended to the poorest families in all of the villages in the state. In two years, nearly two lakh families were assisted by the...

Resources are committed primarily for two purpose. In one case it is spent on meeting ongoing requirements and in other case for creating new facilities. The first category is classified as operational requirements and the second project. However, the definition of project as an one time...

In this paper we show, that for a large class of pure distribution problems, embedded in a very general framework, a Pareto optimal equal loss allocation exists.

An implicit assumption underlying least squares estimation procedure is that the unknown coefficients remain invariant over sample observations. In actual practice, however, one tends to use larger and larger number of observations without verifying as to whether this assumption holds true for...

In studying the choices for consumption, marketing scholars have been almost totally occupied with a very narrow spectrum of choice, viz brand choice. This paper discusses the nature of consumption patterns and how social choices leading to particular types of consumption patterns are made. It...

The work in the area of microfinance has concentrated on the issue of transaction costs in delivering the financial services to the poor. However, the mechanisms of reducing transaction costs have been mostly in the area of building trusts within local communities and using trust as an effective...

Earlier working papers on EEC (W.P. 841 and 854) tell us that the Common Market is a strategy towards ultimate political objective of a United States of Europe. The driving force behind the “Unity of Europe and people of European origin” is genetic-ethnic-racial. Europe’s march towards...

In this paper we show that for a new solution to Nash’s bargaining problem, proposed by Lahiri (1988) (“Monotonicity with Respect to the Disagreement Point and a New Solution to Nash’s Bargaining Problem”, IIM, Ahmedabad, Working Paper No. 724), which satisfies monotonicity with respect...