We consider axiomatic models of bargaining defined over a domain of problems containing different numbers of agents, define a concept called restricted monotonicity with respect of changes in the number of agents, and show that a solution due to Lahiri (1988), which satisfies monotonicity with...

There is a considerable concern in India about the ‘silence’ of a large number of disadvantaged groups who have either learned to be helpless or articulate their problems rather feebly. The nature of articulation, mediating structures or platforms for dialogue or negotiation be it political...

In the last few years there has been serious debate about the generally poor quality of corporate governance in Indian companies and the need to improve the same. This has led to the publication of a recommended code of corporate governance by the Confederation of Indian Industry (CII). More...

Both India and China began to reform in the early eighties, with the Indian reforms being very slow until 1991-92 after which they "take-off". While there are many differences the crucial difference is that China adopted the same export led growth (ELG) policies of the successful East Asian...

The present paper attempts to provide simple proofs of two theorems in the literature of axiomatic bargaining with a variable population. Both theorems deal with axiomatic characterizations of the egalitarian solution due to Kalai (1997), in the variable population framework. The egalitarian...

This paper describes and analyses the experience of a large multiproduct and multiunit company in implementing a system of inflation accounting. Based on this analysis, suggestion for a company planning to implement a system of inflation accounting are developed. It is argued that in this...

In this paper we are interested in a property due to Baigent (1987) called proximity preserving. In the conventional model of voting theory it was proposed by Baigent that aggregation procedures should be proximity preserving in the sense that given three preference profiles if the second is...

Governments frequently allocate resources at low prices and on a first-come-first-served basis because of reasons of equity and a concern for the poor. However, bureaucrats who distribute these resources often take bribes. This paper develops a rigorous model to analyze the distributional,...

Biodiversity Treaty has recognized in an unequivocal manner the need for developing an accountable and equitable system for building relationship with people who conserve biodiversity and associated knowledge systems. Article 8J provides for ‘involvement and approval’ of the individual...

A general dynamic oligopolistic price-advertising model is formulated and open-loop nash solutions are derived. A detailed discussion of long run equilibrium solutions is given. Conditions for global stability are discussed.