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Liberalisation of the Economy: Removal of Industrial Licensing: All industrial licensing was abolished but for a shortlist of 18 industries related to security and strategic
Consider the model of corruption explored by Shleifer and Vishni’s where there is one government-produced good X. There is a demand for that good described by the inverse demand eq
what is the theory of second best ? prove the theorem with the help of a diagram ?
Find the best response functions and the mixed strategies Nash Equilibrium if each player randomizes over his actions.
factors that affects the volume of production
Market failures (even when they do not have international external effects) i) Self-fulfilling bank runs, government debt runs, currency crises. ii) Liquidation costs of li
Random sampling is a technique for sampling which we can select a group of subjects or a sample for study from a larger group or a population. Each entity individually is chosen en
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concept of the law of supply
Demand Function The function capturing the dependent relationship between the price people are willing to pay for products or service and other factors related to that product
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