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Can a Divided Market Be Equitiable and Fair? Price Discrimination, Efficiency, and Equity in Monopolistic Competition?
The concpet of price discrimination is possible only in the case of imperfect competition more specifically it depends upon the degree of imperfection in the market. For example, pure monopoly is most imperfect form of market structure where perfect competition has no imperfection at all and hence it is cosidered as the most idealstic form…
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Understanding the Bretton Woods System: Fixed Exchange Rates and the formulation of IMF
Understanding the Bretton Woods System: Fixed Exchange Rates and the formulation of IMF The aftermath of World War II demanded a new international economic order. The chaos of the Great Depression, fueled by competitive currency devaluations and trade barriers, was fresh in everyone’s minds. This article delves into the Bretton Woods System, a landmark agreement established…
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Money Markets: A Tool for Inclusive Growth? Exploring the Link Between Stabilization and Equity
Money Markets: A Tool for Inclusive Growth? Exploring the Link Between Stabilization and Equity The economic stablisation is the policy of government of any country to control certain variables such as controling inflation, promoting inclusive economic growth and development on the principle of equity. And for that efficient money market is necessary condition and hence diffrent…
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Rising Rates, Fragile Markets: The Next Big Blowup for the Financial System?
Rising Rates, Fragile Markets: The Next Big Blowup for the Financial System? For over a decade, historically low interest rates have fueled a seemingly endless boom in financial markets. Asset prices have soared, from stocks and bonds to real estate and cryptocurrencies. This era of easy money, however, may be nearing its end. Central banks…
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Understanding Zombie Firms: Why Companies Keep Operating Despite Losses
The business world thrives on dynamism, with new ventures constantly emerging and established players adapting to stay relevant. Yet, beneath the surface of this churn lies a curious phenomenon: the zombie firm. Unlike their terrifying namesakes, these companies aren’t flesh-eating monstrosities, but rather businesses that persist in a state of perpetual decline. These seemingly functional entities…
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The Dynamic Firm in a Static World: How Nicholas Kaldor’s Pathbreaking Work Explains the Rise of Monopolies and Oligopolies?
The Dynamic Firm in a Static World: How Nicholas Kaldor’s Pathbreaking Work Explains the Rise of Monopolies and Oligopolies? The analysis of market structure is important because it gives us true picture of how price and output is determined. Basically there are two types of market forms — Perfect Competition and Imperfect Competition. Where Perfect Competition is…
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Will China’s Property Sector Crises push the World Economy in Deflation?
From last 2–3 decades China’s economic growth has been tremendous and thier position in the international trade is rising. China exported essential commodities such as rice, wheat, pulses to manufactured goods and raw materials to almost all the countries of the world. And due to this vast expansion China is in a position of trade…
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India’s Income and Wealth Gap : A Comparative Analysis of using the Berguson and Samuelson Social Welfare Function
India from last several years achieving rapid economic growth and remarkable progress in certain economic variables such as infrastructure, education, health, foreign Trade, etc. If we look at the Asia continent then after China, India is in the position of global economic superpower due to its vast influence in trade, industry, IT and Space sector…
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Economic Development in India: Moving Beyond Economic Growth to Focus on Happiness and Socio-Economic Indicators
In South Asia India emergeed as the new economic superpower due to its economic prgress and place in the international trade domain. If we analyses carefully then we will find that India is focusing on its infrastructure, space technology, finance and banking, service sector, etc. Which actually a positive sign for the Indian Economy to…
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Pratik Ghansham Salvi Assistant Professor of Economics | Banking & Finance | IMF Finance & Development Contributor 