The Indian pharmaceutical sector a key sciencebased industry has come a long way, from nominal and costly presence before 1970 to a prominent provider of pharmaceutical products, meeting more than 90 percent of the country’s pharmaceutical needs. Thanks to the thoughtful patent policy adopted by the government in 1970, among other things. Indian pharmaceutical industry is one of the high perfor...

In an illiquid stock, traders can collude and place orders on a predetermined price and quantity at a fixed schedule. This is usually done to manipulate the price of the stock or to create artificial liquidity in the stock, which may mislead genuine investors. Here, the problem is to identify such group of colluding traders. We modeled the problem instance as a graph, where each trader correspo...

In a finite-trader version of the Diamond-Dybvig (1983) model, the symmetric, ex-ante efficient allocation is implementable by a direct mechanism (i.e., each trader announces the type of his own ex-post preference) in which truthful revelation is the strictly dominant strategy for each trader. When the model is modified by formalizing the sequential-service constraint (cf. Wallace, 1988), the t...

The origins of Brāhmī script have been mired in controversy for over a century since the Semitic model was first proposed by Albrecht Weber 1856. Although Aramaic has remained leading candidate source Brāhmī, no scholar adequately explained letter derivation, nor accounted marked differences between Aramaic, Kharoṣṭhī and scripts. As result, debate is far from settled. In this article I attempt...

This paper sheds light on the product cycle and neotechnology theories of trade in the context of generic pharmaceuticals. The paper studies the export performance of 177 Indian pharmaceutical firms for the post-liberalization period 1991-2004. The results indicate that technology proxied by foreign patent rights has a positive impact on exports. This suggests that developing countries with inn...

Under the Agreement on Trade-Related Intellectual Property Rights, the World Trade Organization members are required to enforce product patents for pharmaceuticals. In this paper we empirically investigate the welfare effects of this requirement on developing countries using data for the fluoroquinolones subsegment of the systemic anti-bacterials segment of the Indian pharmaceuticals market. Ou...

We present an agent based model of a single asset financial market that is capable of replicating most of the non-trivial statistical properties observed in real financial markets, generically referred to as stylized facts. In our model agents employ strategies inspired on those used in real markets, and a realistic trade mechanism based on a double auction order book. We study the role of the ...