The Indian retail market is the fastest growing sector in the Indian economy and offers tremendous potential to the modern marketer. The predominant factor that can be attributed to this progressive scenario among other things is the emergence of youth as a powerful consumer segment....

The Indian government has taken a number of incremental measures to liberalize legal and administrative impediments to international capital movements in recent years. This paper analyses the extent to which the effectiveness of capital controls in India, measured by the domestic less net...

Based on the Solow growth model, this paper builds a combinatorial model for economic growth under environmental pressure. Using the model, the optimal number of industries in an economy can be computed, and the “optimal number” can be regarded as a criterion for decision making concerning...

The model proposed in this paper explains the equity premium puzzle using a simple survival-based principle of rationality. Different groups of rational market participants may have different goals and constraints. These groups create supply and demand for equities. When the equity premium...

Companies that offer services with capacity constraints in which there are negative consumption externalities (such as restaurants that serve smokers and non-smokers, airlines that fly passengers traveling with infants and without infants or organizers of sport events that serve aggressive and...

We examine the impact of trading on markets partially exempt from National Market System requirements (‘dark venues') on equity market quality. We find evidence consistent with the notion that dark venues rely on their special features to segregate order flow based on asymmetric information...

We analyze the welfare consequences of a monopolist having additional information about consumers tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out "third degree price discrimination". We...