The present paper examines how a developing country like India is competing in the nanotechnology race. Our study shows that both upstream scientific and technological capabilities and downstream regulatory capabilities are being strengthened. India has clearly made a dent in terms of scientific...

The present paper examines how an innovating firm decides between two forms of voluntary agreements (VA) in a context, where a non-governmental organization (NGO) rather than a regulator watches over citizens' interests. The innovation generates profit and consumer surplus as well as...

According to economists game theory is the study of strategy, or study of actions of agents whose outcome depends on the actions of other agents. The objective of this paper is to outline the major contributions of game theory to an examination of the individual rationality of firms that causes...