Author: Aeimit Lakdawala and Rajeswari Sengupta Title: Measuring monetary policy shocks in India Abstract: We create new measures of monetary policy shocks for India using high-frequency derivatives data and study their transmission. These shocks capture two distinct dimensions of the Reserve Bank of India’s (RBI) monetary policy announcements. In addition […]

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Author: Promit Kanti Chaudhuri Title: Strategic Inattention and Divisionalization in Duopoly Abstract: In this paper, a differentiated product economy is modeled where firms strategically set up autonomous rival divisions and the divisions play the quantity competition game `a la Cournot or by means of monopolistic competition, where the divisions are unaware of the […]

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Author: Sumit Shrivastav Title: Profitability of Behavior Based Price Discrimination Abstract: In this paper, we analyze the profitability of price discrimination based on recognition of consumers’ brand preferences, in a duopoly model with switching costs. We show that, in contrast to existing studies, price discrimination results into higher profits than […]

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Author: Nitin Harak and A. Ganesh-Kumar Title: Pricing Reforms in Natural Gas Sector of India: A Computable General Equilibrium Analysis Abstract: Natural gas as a source of clean fuel is important in many economies. With the increase of trade in gas led by LNG trade, market integration as occurred in […]

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Author: Sumit Shrivastav Title: Price Discrimination with Imperfect Consumer Recognition Abstract: In this paper, we analyze the competitive and welfare effects of imperfect consumer recognition, in a duopoly model with switching costs. We demonstrate that the impact of consumer recognition on firms’ pricing strategies, industry profits, and welfare crucially depends […]

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