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Complex dynamics and elementary economic theory
(Lincoln University. Commerce Division., 1999-09)
Contrary to the view that complex dynamical systems are curiosities at a safe distance from core tenets of economics, it is shown that they undermine a few fundamental constructs and models. The long run macroeconomic ...
Opening up to foreign competition : an analysis of Indian durable consumer goods industry
(Lincoln University. Commerce Division., 1999-04)
We examine the most likely strategy of product differentiation by newly entering multinational firms when market reforms begin in a developing economy. We argue that incumbents in a non-contestable protected market do not ...