ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Abhijit GhoshSubscribe to Abhijit Ghosh

Non-cooperative Game Theory and Pay-off

Focusing on an important dilemma regarding the contribution of the game theory and Nash equilibrium in economics, it is argued that the former is highly case specific. It is difficult to generalise the conclusion or solution to a more universal arena.

Indo-Nepal Economic Cooperation through Bihar

Bihar shares a large part of its border with Nepal, including 10 trade transit points for Indo-Nepal trade. There is much potential for economic gains towards which India and the state of Bihar can cooperate with Nepal within the mutually agreed formal framework. The region has a locational advantage that bestows natural interdependence, which is yet to be utilised. There is a need to shift from bilateralism to subregionalism as far as South Asian regional cooperation is concerned.
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