NO : WP-2018-011 AUTHOR : Rupayan Pal, A.M.T. Hussain and Prasenjit Banerjee TITLE : Green firm, brown production ABSTRACT : In a theoretical model of an environmentally conscious (“green”) monopolist, we show that increasing greenness does not always mean lower output and environmental damages. We assume that a green firm […]
Archive for March, 2018
IGIDR Working Paper: The Indian Fiscal-Monetary Framework: Dominance or Coordination?
NO : WP-2018-010 AUTHOR : Ashima Goyal TITLE : The Indian Fiscal-Monetary Framework: Dominance or Coordination? ABSTRACT : The worldwide move to constrain monetary and fiscal policy using rules is creating a switch from fiscal towards monetary dominance. India also implemented flexible inflation targeting and fiscal responsibility legislation. The theoretical […]
IGIDR Working Paper:A new model of mergers and innovation
NO : WP-2018-009 AUTHOR : Piuli Roy Chowdhury TITLE : A new model of mergers and innovation ABSTRACT : This paper reexamines the impact of merger on innovation. Unlike as in Federico et al (2017), it considers the scenario where merged firms combine their research labs. It shows that, in […]
IGIDR Working Paper: Investment Choice with Managerial Incentive Schemes
NO : WP-2018-008 AUTHOR : Shubhro Sarkar and Suchismita Tarafdar TITLE : Investment Choice with Managerial Incentive Schemes ABSTRACT : In this paper we show that firms might get an additional strategic benefit from using marginal-cost-reducing investments in conjunction with a managerial incentive scheme. While both these instruments allow firms […]