The study investigates India’s trade prospect with ASEAN countries by analyzing the pattern and trends in India’s bilateral merchandise trade with ASEAN countries and their revealed comp that during last three decades India’s share in ASEAN has increased, but it has been less than that of Japan and China. T more marked in the case of im vis-à-vis ASEAN countries. had been worst in case of its t...

This paper investigates whether external political pressure for faster renminbi (RMB) appreciation affect both the daily returns and the conditional volatility of the RMB central parity rate. We construct several political pressure indicators pertaining to the RMB exchange rate, with a special emphasis on the US pressure, to test the hypothesis. After controlling for Chinese macroeconomic surpr...

An important aim in bilateral negotiations is to achieve a win-win solution for both parties; therefore, a critical aspect of a negotiating agent’s success is its ability to take the opponent’s preferences into account. Every year, new negotiation agents are introduced with better learning techniques to model the opponent. Our main goal in this work is to evaluate and compare the performance of...

The process of reaching an agreement in a bilateral negotiation to a large extent determines that agreement. The tactics of proposing an offer and the perception of offers made by the other party determine how both parties engage each other and, as a consequence, the kind of agreement they will establish. It thus is important to gain a better understanding of the tactics and potential other fac...

We study a bilateral multi-issue bargaining procedure with complete information and endogenous unrestricted agenda, in which offers can be made in any subset of outstanding issues. We find necessary and sufficient conditions for this procedure to have a unique subgame perfect equilibrium agreement.  2002 Elsevier Science B.V. All rights reserved.

We study a sequential protocol of endogenous coalition formation based on a process of bilateral agreements among the players. We apply the game to a Cournot environment with linear demand and constant average costs. We show that the final outcome of any Subgame Perfect Equilibrium of the game is the grand coalition, provided the initial number of firms is high enough and they are sufficiently ...

This paper presents a model in which players interact via the formation of costly links and the benefits of bilateral interactions are determined by a coordination game. A novel contribution of this paper is that the fraction of the cost borne by each player involved in a bilateral link is not fixed exogenously, but results from bargaining. We analyze the model both in a static and a dynamic se...

In this paper we study shorted operators relative to two different subspaces, for bounded operators on infinite dimensional Hilbert spaces. We define two notions of “complementability” in the sense of Ando for operators, and study the properties of the shorted operators when they can be defined. We use these facts in order to define and study the notions of parallel sum and subtraction, in this...