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Working Paper: Externalities, Entry Bias and Optimal Subsidy Policy in Oligopoly

No: WP-2019-028 AUTHOR: Rupayan Pal and Ruichao Song TITLE: Externalities, Entry Bias and Optimal Subsidy Policy in Oligopoly Abstract : This article analyses alternative subsidy schemes and long-run entry bias in a new industry that creates positive environmental externalities. It demonstrates that per unit subsidy scheme, despite attracting fewer firms, results […]

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Working Paper: Modeling Consumers’ Confidence and Inflation Expectations

No: WP-2019-025 AUTHOR: Ashima Goyal and Prashant Parab TITLE: Modeling Consumers’ Confidence and Inflation Expectations Abstract : Using Consumer Confidence Survey data we analyze socio-economic as well as macroeconomic factors that influence inflation expectations of Indian households. We discover that inflation expectations of households depend largely on inflation perceptions, income and […]

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