The Policy Monitor
The recent report by the Finance Ministry and a very ominous prediction by Dr. Rathin Roy (Member of the Prime Minister’s Economic Advisory Council) both point to a slowdown of the Indian economy. Demand is getting saturated including investments. Agricultural as well as industrial productivity are dismal, to put it […]
Do you ever look at the calendar on the table and wonder about it? Or do you just look for the date/s and continue with your work? Probably the latter because that is what calendars are for, right? DD/MM/YY (or whichever format is suitable). But what if the Professor of […]
Consider a market for second hand cars where the sellers are usually more informed about the quality of the car and its various features than the buyers. The car can either be a “lemon” (bad quality second-hand cars) or a “peach” (good quality second-hand cars) and assume that the buyer […]