Technology institutions (TIs) traditionally rely on industry for funding basic research, generating researchable problems and commercializing their R&D, while industrial firms traditionally rely on TIs for basic research and solutions to problems beyond their R&D capabilities. Intense firm –...

In this paper we reformulate the problem posed by public services subject to congestion in a manner consistent with economic theory and obtain first and second best solutions to the problem.

This paper is a revised version based on two of my earlier papers Lahiri (1989c) and Lahiri (1990). For useful suggestions and discussions I am grateful to Jim Jordan, T.Parthasarathy, Prakash Chander, Arunava Sen and the participants of the 1990 International Conference of Game Theory and Its...

Is there a trade-off between inflation and employment? Can policy-makers generate more employment through a deliberate policy of inflation? These questions have been debated at length since the introduction of the celebrated Philips Curve which empirically showed a negative relationship between...

Recent growth of financial institutions has resulted in an increased need for the financial analysts to study their behavior closely. In this study an attempt is made to explain the behavior of financial intermediaries in terms of portfolio theory using a preference function approach. By and...

One would expect, that a large number of innovations linked to cycle, a common person’s means of transport, would be of great interest to the cycle industry. But, if the leaders of cycle industry do not evince much interest, there must be some serious reasons. It seems that if a company can...

In this paper we say that a preference for freedom of choice is justifiable if there exists a reflexive and complete binary relation on the set of alternatives, such that one oppurtunity is atleast as good as a second, if and only if the there is at least one alternative from the first set which...

The debate on protection of intellectual property rights of the companies and scientific labs developing technologies through biotechnological means or otherwise has been highly surcharged with the emotions. I have argued in this paper that developing countries like India should negotiate this...

A large part of Gujarat in the North-west region of India is semi-arid. The lands are less suited for agriculture. Animal husbandry is therefore common. Productivity of cattle is however also low due to problems of feed and due to climatic stresses, specially heat. Environmental control of farm...

Successful experiments in governance the world over suggest a number of options for revitalizing the Indian state. Several options are first considered for revamping the political system. These include options for achieving fairer representation in the legislature, for selecting in good and...