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Consider a case, if an insurance company merges with a bank. We know that insurance company bears risk for insurers. Suppose, after merger, bank gets in some trouble for reasons other than the merger. What would happen to the insured? There may be no official answer to such question and to hide the situation they may declare existence of some sort 5 of ‘fire wall' which is supposed to come and pull the bank out of this blue. When any one buys an insurance policy, he may over look the problem bank is facing.
The policy question is, whether in authorization of such mergers, has the conflict of interest, which is so prominent, been taken into account? Besides, the accounting practices in corporate world, manipulative reporting an need to be taken into account.
Consider the model of industry protection of Grossman and Helpman. There are two industries A and B, each producing good X and Y respectively. All other things being equal, the dem
Q. Who permits government whatever it does? The simple answer can be: people in a democracy and the monarch/dictator in a monarchy/dictatorship. But neither monarchy exists in
Q. Relationship between individual preference and social choice? Social Choice is a very kindred area. Some people don't make any distinction between the two while others make.
explain the stages and various coordination mechanisms involved in policy processes
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The monetarist and fiscal controversy is still on. The recent history of the U.S. looks like a success story of the monetarists; but besides pure luck, it involved strong element o
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critically examine that privatization can always decentralize economic power
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Q. Example on Uncertainty and the policy process? For example, if it is expected that current government will be replaced in upcoming election, and the next government will be
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