This paper shows that in a model of managerial delegation in duopoly market structure, if the managers' salary varies with the incentive schemes offered by the owners, then the well-known results of equilibrium incentive scheme (by Fershtman and Judd, 1987, A.E.R.) get modified. In case of...

Signalling social status through visible goods consumption is often perceived as a way in which individuals seek to emulate or move up within the community. This paper assesses the impact of transnational migration on status goods consumption in the Indian state of Kerala. We utilize the...