The aim of this paper is to estimate the potential for trade between India and Pakistan, assuming a normalized neighborly relationship. We used an augmented gravity model with a panel data for 21 years. This paper utilizes the panel fixed effects decomposition and Hausman and Taylor estimation...

The dynamic pricing problem concerns the determination of selling prices over time for a product whose demand is random and whose supply is fixed. We approach this problem in a novel way by formulating a dynamic optimization model in which the demand function is iso-elastic but the random demand...