In this paper we define and establish the existence of fractile correlated equilibria under rationality.

Rationality in choice theory has been an abiding concern of decision theorists. A rationality postulate of considerable significance in the literature is the weak congruence axiom of Richter [1971] and Sen [1971]. It is well known that in discrete choice contexts of the classical type [i.e. all...

The process of growth and development of institutions requires more attention than it has been given. Eighteen propositions are given under five categories: goals, people, structure, culture, and leadership. The propositions state important dimension in relation to these five aspects, and raise...

The successful of partial convertibility of rupee and adequate foreign reserves have boosted confidence of the government. It is more than likely that we are going to see a convertible rupee on trade account before the end of this year. In official quarters it is believed that fiscal imbalance...

In this paper, we axiomatically characterize the Constrained Equal Awards Solution for Rationing Problems, using the axioms of No-Envy, Population Monotonicity, Resource Continuity and replication invariance.

The paper presents the view that the scope of agricultural economics should cover the problems of the rural people and the institutions needed to solve their problems. This broader definition of the scope implies that emphasis should be placed on multi-disciplinary activities. It is also argued...

Organizational form is one of the key determinants of organizational performance. Choice of organizational form for public organizations in developing countries can facilitate or inhibit performance. In this paper an approach for choosing appropriate organizational forms is outlined for public...

Inflation is one important economic variable which is playing an ever-expanding role in the decision making process of business, industry and government. The evaluation of capital expenditure projects are based on estimation of future economic benefits from such expenditure, and if such benefits...

This paper brings out issues of governance between the Ministry of Railways and various service delivering commercial entities under the Ministry. Some of this is accentuated by both the ministerial and administrative powers vested in the same body, namely the Railway Board. We examine a set of...

Gender is a social concept that includes both women and men. Gender roles are deeply embedded in social organizations and are then carried into work organizations. This paper explores the movement of gender roles of yesterday to today and tomorrow. An event from the Mahabharata is taken to...