In the ascending-price auctions with Yahoo!-type buy-it-now (BIN), we characterize and derive the closed-form solution for the optimal bidding strategy of the bidder and the optimal BIN price of the seller when they are both risk-averse. The seller is shown to be strictly better o with the BIN...

In this paper, the dynamic panel data method is used to investigate the dynamic interrelation of plant births and plant deaths. The dynamic panel data method considers the endogenous problem and individual effects. Empirical findings support the multiplier effect. In addition, exit does not...

Indian economic reform since early 1990s aims at improving productivity and competitiveness of major industries. The paper examines spillovers from foreign direct investment (FDI), research and development (R&D) and exporting activities on productivity both for foreign and domestic manufacturing...