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We study sealed-bid auctions with financial externalities, i.e., auctions in which losers' utilities depend on how much the winner pays. In the unique symmetric equilibrium of the first-price sealed-bid auction (FPSB), larger financial externalities result in lower bids and in a lower expected...
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sets. We use the industrial licensing regime in India (operating from the 1950s onwards) and its gradual relaxation during … 1980-94 is a census of firms in India and has been rarely used in literature. We also use the interesting chronology of … reforms in India (industrial de-regulation in the 1980s and trade reforms in 1991) to test whether industries that faced more …
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of institutions established. In the process, India has earned itself a reputation of a brainpower generator. Apart from … this academic entrepreneurship in India has played a seminal role in not only accomplishing this status but also enabled to … scale innovations. The proposed study aims to understand how academic entrepreneurship in India has been the enabler to …
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Describes the environment for making initial public offerings (IPOs) in India and the process itself; and discusses the …
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