Research Publications and Outputs: Recent submissions
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The Risk and Incentives Trade-off in the Presence of Heterogeneous Managers
Published 2002-04-01Agency theory predicts a negative relationship between risk and incentives, yet recent empirical evidence has not consistently found such a relationship. In fact, some researchers have found a positive relationship. By ...Open AccessWorking Paper -
DEGREES OF COMPETITION, THE RATE OF RETURN AND GROWTH FROM A CLASSICAL/SRAFFIAN PERSPECTIVE
Published 2011-02-01The purpose of the paper is a clarification of the concept of competition from a classical/ Sraffian perspective; including an elucidation of how a classical/Sraffian approach might go about defining the degree of competition. ...Open AccessWorking Paper -
Involuntary Retirement and the Resolution of the Retirement-Consumption Puzzle: Evidence from Australia
Published 2010-09-01A substantial body of international research has shown that household expenditure on food and non-durables significantly decreases at the time of retirement - a finding that is inconsistent with the standard life-cycle ...Open AccessWorking Paper -
Major Indian ICT firms and their approaches towards achieving quality
Published 2004-07-01Of the three basic theories of innovation: the entrepreneur theory, the technology-economics theory and the strategic theory, the third one seems to be highly appropriate for the analysis of recent growth of the information ...Open AccessWorking Paper -
Why do the Rich Save More? A Theory and Australian Evidence
Published 2006-03-01We provide a theory to explain the existence of inequality in an economy where agents have identical preferences and have access to the same production technology. Agents consume a “utility” good and a “health” good which ...Open AccessWorking Paper