Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

T. V. S. Ramamohan Rao

Abstract

The New Empirical Industrial Organization (NEIO) approach maintains that the effect of market power of a firm on its conduct and performance can be adequately examined only by estimating a properly specified behavioural model. However, most of the tests of discretionary managerial behaviour are based on inappropriate reduced form specifications. It will be shown that a proper specification of the behavioural models of NEIO necessitates recognition of some often overlooked behavioural constraints. Appropriate estimation will be possible if the Systematic Two-step Estimation Procedure (STEP) outlined in this study is utilized.

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T. V. S. Ramamohan Rao

Abstract

Over the past several years there has been an awareness that markets, contractual arrangements, and hierarchical organizations can be utilized as alternative modes of coordinating resource allocation in the context of the firm. In most practical situations non-market coordination mechanisms are being utilized even in predominantly market oriented economies.

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T. V. S. Ramamohan Rao , S. Sriraman

Abstract

The infrastructure provided by the railway system has all along been one of the most important factors responsible for sustaining a growing and diversified economy. Movements of individuals, raw materials, as well as finished goods, made possible by the availability of the railway network, facilitated efficient utilization of resources over both space and time.

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S. Sriraman , T. V. S. Ramamohan Rao , S. P. Palaniswamy

Abstract

In almost all dynamic economies there is a persistent increase in demand over time for goods and services at the existinig market locations and new consumption centres come into existence almost continuously. Typically, in the shortrun in particular, such increases in demand do not bring about an equivalent growth of new firms and/or location of branches of existing units. The process of adaptation involves considerable time lags. The comparison between incremental production costs with the marginal cost of shipments from existing locations primarily account for this observed behavioural pattern. However, over a conceptual medium run of time horizon the producers will prefer to increase the length of haul and quantum of shipments from plants already in operation (Conroy, 1974, pp. 234-42).

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Gerhard Tintner , T. V. S. Ramamohan Rao

Abstract

In the present article, we consider an open economy in a developing stage, which has most of its imports of the capital goods type, and which has undergone a devaluation of currency following a chronic balance of payments deficit. Retaining full employment along HACSR and balanced growth as the long-run objectives, we analyze the efficiency of investment allocation and relative price stability in bringing about balanced growth and balance of payments equilibrium.

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