http://dspace.iimk.ac.in:80/xmlui/handle/2259/767 2026-05-12T13:15:34Z 2026-05-12T13:15:34Z Mukherjee, Soumyatanu http://dspace.iimk.ac.in:80/xmlui/handle/2259/940 2020-12-08T17:23:06Z 2016-07-01T00:00:00Z

Opening the Pandora’s Box – Liberalised Input Trade and Wage Inequality with Non-traded Goods and Segmented Unskilled Labour Markets Mukherjee, Soumyatanu This paper, using a full-employment general equilibrium model for a developing Asian country like India with internationally non-traded goods and international fragmentation in skill-intensive production, illuminates how liberalised input trade, by enhancing demand for skills in the skill-intensive service sectors, could affect the unskilled wages prevailing in the informal sectors and employment conditions in those sectors, through the existence of finished non-tradable and the corresponding domestic demand-supply forces. The model economy is characterised by dual unskilled labour market with unionised formal and nonunionised informal sectors. Quantitative analyses have also been performed to simulate how the changes in elasticities of factor substitution in production of different sectors account for the movement in informal wage and therefore the movement in skilled–unskilled wage gap. Therefore, the relative wage inequality in a developing Asian country like India with dual labour markets has not been governed only by the increase in the skilled wages.

2016-07-01T00:00:00Z Chakrabarty, Jimut Bahan Chowdhury, Shovan http://dspace.iimk.ac.in:80/xmlui/handle/2259/938 2020-12-08T17:23:16Z 2016-12-01T00:00:00Z

Compounded Inverse Weibull Distributions: Properties, Inference and Applications Chakrabarty, Jimut Bahan; Chowdhury, Shovan In this paper two probability distributions are introduced compounding inverse Weibull distribution with Poisson and geometric distributions. The distributions can be used to model lifetime of series system where the lifetimes follow inverse Weibull distribution and the subgroup size being random follows either geometric or Poisson distribution. Some of the important statistical and reliability properties of each of the distributions are derived. The distributions are found to exhibit both monotone and non-monotone failure rates. The parameters of the distributions are estimated using the maximum likelihood method and the expectation-maximization algorithm. The potentials of the distributions are explored through three real life data sets and are compared with similar compounded distributions, viz. Weibull-geometric, Weibull-Poisson, exponential-geometric and exponential-Poisson distributions.

2016-12-01T00:00:00Z Adhikari, Atanu http://dspace.iimk.ac.in:80/xmlui/handle/2259/937 2020-12-08T17:22:32Z 2016-12-01T00:00:00Z

Adjacent Price Anchoring and Consumer’s Willingness to Pay: A Bayesian Approach Adhikari, Atanu Considerable research on consumers' use of psychological reference points exists in pricing literature. Researchers examining brand choice have reasoned that reference point is based on past prices of the brand. We argue that consumers’ reference prices is motivated by the adjacent price of the product at point of display rather than any other reference prices in the context. This research studies the effect of adjacent price on consumers’ willingness to pay and purchase intention. This research considers consumer level heterogeneity since price sensitivity and consumers’ willingness to pay vary among individual. Hierarchical Bayes methodology is used to incorporate heterogeneity. This study shows significant difference in consumers’ willingness to pay when a medium priced brand is placed adjacent to a high priced brand as against adjacent to a moderately priced brand.; Considerable research on consumers' use of psychological reference points exists in pricing literature. Researchers examining brand choice have reasoned that reference point is based on past prices of the brand. We argue that consumers’ reference prices is motivated by the adjacent price of the product at point of display rather than any other reference prices in the context. This research studies the effect of adjacent price on consumers’ willingness to pay and purchase intention. This research considers consumer level heterogeneity since price sensitivity and consumers’ willingness to pay vary among individual. Hierarchical Bayes methodology is used to incorporate heterogeneity. This study shows significant difference in consumers’ willingness to pay when a medium priced brand is placed adjacent to a high priced brand as against adjacent to a moderately priced brand.

2016-12-01T00:00:00Z Adhikari, Atanu http://dspace.iimk.ac.in:80/xmlui/handle/2259/936 2020-12-08T17:23:14Z 2016-12-01T00:00:00Z

Fairness in Participative Pricing: A New Way of Pricing in Hospitality Sector Adhikari, Atanu While conventional pricing strategy involves sellers to decide price of a hospitality product, hospitality service providing companies carry the risk of capacity underutilization in many occasions when fixed costs are already incurred. Pay What You Think Fair (PWYTF) pricing mechanism motivates tourists to pay a fair price for unutilized capacity, thereby, increasing sales and profit for marketers. This study shows that PWYTF pricing mechanism with a concrete reference price of customer can generate significantly higher revenue and profit for a long period of time. We have conducted three experiments to show that PWYTF pricing strategy is a profitable and sustainable pricing solution for hospitality service providing companies to increase revenue during off-season as well as underutilization of hired capacity. This study opens a new avenue in pricing methods used in hospitality industry and contribute in significant way both in academic and practice.

2016-12-01T00:00:00Z