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3846 items in total found

Working Papers | 1991

The Egalitarian Equivalent Solution to Bargaining Problems in Economic Environments

Lahiri Somdeb

In this paper we set up an analytical framework to study bargaining (or object division) problems in economic environments, propose some new solutions and study the egalitarian equivalent bargaining solution. This analysis extends bargaining solutions defined on a restricted set of environments (corresponding to equal initial endowments) to a more general class of bargaining problems).

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Working Papers | 1991

Lease Accounting Practices in India

Pandey I M

Accounting for leases is a debatable subject in spite of variety of standards having been issued by the professional accounting bodies all over the world. Two important issues relate to the treatment of lease rentals and the disclosure of leased assets in the financial statements. Opinions are divided whether leased assets should be replaced by lessees or lessors. The Indian position is also confused and divided. In this paper, we have provided an evaluation of the accounting standards followed in USA,UK and the international accounting standards. We have also critically reviewed Exposure Draft and Guidance Note issued by the Institute of Chartered Accountants of India. A study of the practices of Indian companies with regard to the accounting of leases reveals the following: (a) operating method of treating lease rentals is followed; (b) leased assets are shown as own assets on historical basis in the balance sheets by leasing companies; (c) straight-line depreciation method is followed to depreciate the leased assets while written down value method is used incase of owned assets; (d) leased obligations are disclosed in footnotes by some lessees; (e) Indian companies consider leasing as an off-balance-sheet transaction; (f) Indian accounting practices are generally in line with legal prescriptions as under Indian Companies Act, 1956 and Income Tax Act, 1961.

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Working Papers | 1991

Revealed Preference and Independence of Irrelevant Alternatives: A Note

Lahiri Somdeb

Our objective here is to establish an equivalence between the IIA axiom which plays a significant role in axiomatic models of bargaining, and a generalization of WARP which plays a significant role in demand analysis.

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Working Papers | 1990

Mastershares: Enigmatic Performance

Jayanth R. Varma

In this paper we have examined the performance of Mastershares, the first all equity close ended growth fund established by the Unit Trust of India (UTI) in the country, using the various portfolio performance measures that have been suggested in the literature. We found that while in terms of return on the Net Asset Value (NAV) the fund has out-performed the market, in terms of returns based on Market Prices it has shown a mixed performance. On further investigation, we inferred that the excellent performance in terms of NAV could neither be ascribed to selectivity nor to timing of decisions. The explanation possibly lies in UTI's acquisition of stocks in the primary market as well below prevailing market prices and in the manner of allocation of stocks to various funds managed by the Trust. Our analysis also revealed that the market quite irrationally inflates the volatility of the market price of Mastershares as compared to the volatility observed in the NAV. This observation which implies market inefficiency is in line with the recent researches done in the developed capital markets.

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Working Papers | 1990

Threat Bargaining Problems with Incomplete Information

Lahiri Somdeb

This paper is a revised version based on two of my earlier papers Lahiri (1989c) and Lahiri (1990). For useful suggestions and discussions I am grateful to Jim Jordan, T.Parthasarathy, Prakash Chander, Arunava Sen and the participants of the 1990 International Conference of Game Theory and Its Applications to Economic held at Indian Statistical Institute (New Delhi). In particular this paper has benefited from the comments of Hans Peters and Mamoru Kaneko.

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Working Papers | 1990

Strategies for Influencing Attitude

S Mukhopadhyay

The study examines application of communication in influencing attitude which turn habitual and therefore difficult to change. It tests the effectiveness of appeals based on information processing theory vis-à-vis educative appeals. Storage and Retrieval, two basic elements of information processing are operationalised to achieve the desired response. The basic exercise consists of using conditioning to reorient irrational food aversion or reverse undesirable food preferences. In the process it examines the context under which conditioning may occur and the process of conditioning. Respondents grouped according to their orientations are exposed to appropriate stimuli (for conditioning) and their responses noted. Findings indicate that affective conditioning may be difficult to achieve in a high involving situation (such as food habits) unless support of source and strong association is available. Conditioning may be initiated by both affective and cognitive processes. Hypotheses for further testing suggested.

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Working Papers | 1990

Influencing Social Behaviour: Segment Specification and Formulation of Ad. Strategy

S Mukhopadhyay

The study illustrates the use of means-end chain analysis in sharpening of segment for advertising to influence social behaviour. MECCAs model has been used to develop the ad strategy.

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Working Papers | 1990

Safety Management in Transportation

Mathew Dilip, Chhokar J S, Rekha Jain, and G. Raghuram

This paper presents a framework for identification and analysis of issues in Safety Management in Transportation. The paper analyses Safety Management in the three modes of transport namely Road, Rail and Air. Safety Management in each of these three modes is examined by 1. Identifying the legislation governing the specific mode of transport 2. Listing the various agencies involved in safety management and roles and tasks of these agencies and their interface to other external agencies. 3. Analysis of the nature of accidents and international comparisons on salient parameters (wherever possible) 4. Identifying remedial action possible for better safety management of the user and the vehicle and 5. Analysis of the role of infrastructure and the enforcement agencies. On all these dimensions, the paper presents the current state of affairs and suggests areas for improvement. The paper also raises issues relevant to safety management in these areas.

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Working Papers | 1990

Growth Performance of Niger Crop: A State Wise Analysis

Rao V M

Bihar, Madhya Pradesh, Maharashtra are the major producers of Niger seed in India. Despite alteration in their relative shares, these four states together continue to dominate the scene in terms of area and production. Most of the estimated trend functions have reasonably good predictive when judged using theirs inequality coefficient. Fluctuations increase, and production are more in Orissa while yield fluctuations are more in Maharashtra. Tribal farmers are no less responsive to changing price levels and other factors. In order to how high adoption rates, technology developed should suit the tribal social, cultural and economic practices.

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Working Papers | 1990

A Note on the Indian Motor Vehicle

Dixit R, Mathew Dilip, and G. Raghuram

This note describes the history of the Indian Motor Vehicles Industry and its current status. There are a number of manufacturers in the public, joint and private sectors. Several new manufacturers also intend to enter the industry, with either their own or foreign technologies. This paper also examines some of the issues that should be taken into account when framing a policy for this industry.

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