Informatics Publishing Limited

Golaka C. Nath ¹, Manoj Dalvi ²

Affiliations
1 Clearing Corporation of India., IN
2 Long Island University, New York.

Abstract

This paper analyses the Indian sovereign yield curve shift from January 1997 to May 2012 to find out the principal factors affecting the term structure of interest rate changes. We apply Principal Component Analysis (PCA) on our data consisting of zero coupon interest rates derived from government bond trading using Nelson-Siegel functional form. This decomposition of the yield curve highlights important relationship between identified factors and metrics of the term structure shape. The empirical findings support statistical similarities between the Indian yield curve and term structure studies of major countries.

Keywords

Indian Sovereign Yield Curve, Principal Component, Interest Rates, Bond, Yield Curve, Macro-economics, And Term Structure of Interest Rates

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Joseph A. Klien ¹, P. M. Rao ², Manoj Dalvi ²

Affiliations
1 Fisher Broyles LLP, 445 Park Avenue, Ninth floor, New York -10022, US
2 Long Island University, CW Post Campus, 720 Northern Blvd, Greenvale, New York - 11548, US

Abstract

This paper will examine legal and marketing implications of certain Internet technological developments impacting competition and consumer protection in cyberspace. The paper will explore to what extent antitrust and consumer protection laws are adequate to deal with the challenges to a competitive marketplace and consumer privacy posed by the development of cyberspace technologies and markets, for example, Internet search engines, social networks and wearable devices. The paper concludes that legal tools for protecting a competitive cyberspace marketplace are fairly robust, while the legal tools to protect consumers from being tracked and profiled by marketers and from the potential intrusions of individual privacy made possible by even more advanced Internet connected sensor and related data-based technologies are still a work in progress. At the same time, the extent of further government regulation in this area must be carefully balanced so as not to unduly restrict data dependent innovation.

Keywords

Consumer Privacy, Cyber Security, Economics, Exclusivity, Social Media Networking, Google, Facebook, Apple, Internet Usage,header Should Be Klie EU Commission, Public Policymakers, Digital Marketing, Consumer Privacy Protection, Competition Commission of India, U.S. Antitrust Law, United States Federal Trade Commission.

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Panta Murali Prasad ¹, Manoj Dalvi ²

Affiliations
1 Department of Economic Sciences, Indian Institute of Technology Kanpur, Kanpur 208016, Uttar Pradesh, IN
2 Long Island University, CW Post Campus, Brookville, New York, 11548, US

Abstract

Consumer sovereignty is a myth in the healthcare services because of high information costs and bounded rationality. Moreover, producer sovereignty oriented surgeries and absence of social security system enhance patients’ vulnerability in India. Thus, the aggrieved patients approach consumer courts against deficiency in the services of physicians. Our study shows that these courts had received 57.61 per cent of the patients’ grievances that were related to surgery. The grievances reveal that the erroneous surgeries inflict harm on patients. As a result, patients’ incur healthcare costs and sufferings due to permanent disability, apart from premature deaths. Courts were able to decide only nine per cent, 23 per cent and 30 per cent of the total disposed of cases in favour of consumers at the National Commission, the State Commission of Andhra Pradesh and the District Forum of Nellore, Andhra Pradesh, respectively. This is due to causational link problem. Our analysis further posits that the law’s delay and costs on vexatious claims raise concerns about efficiency of the courts. The insight obtained is to alter physician behaviour by establishing an appropriate incentive structure to practise patient oriented health care.

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