School of Business and Economics

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Disciplines include accounting, economics, finance, informatics, and management information systems. Providing open access to research and scholarly activities.

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Browsing School of Business and Economics by Author "Bose, Feler"

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    Economics of Ancient Law: The Laws of Manu on Contracts
    (Degruyter, 2022-11-22) Bose, Feler
    Ancient law can be analyzed using economic tools. With a renewed interest from the political class to make the ancient Laws of Manu (Manu’s Dharmaśāstra) more relevant to modern Indian law, the economic analysis of the Laws of Manu regarding contracts allows us to look at the issue from an efficiency standpoint. The paper will look at both regular contracts and marriage contracts. Surprisingly, many of the ancient laws are like the modern law of contracts especially in areas of contract breach. However, when considering marriage contracts, the bargaining position of men is stronger than women. Keywords: laws of manu; contracts; marriage contract; ancient law; breach
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    Entrepreneurs and firm growth under guilt vs shame cultures
    (Emerald Publishing, 2023-10-26) Mironko, Arkadiusz; Bose, Feler
    “To try and understand under what cultural conditions entrepreneurship will thrive and prosper. Whether under shame cultures or guilt cultures. We use basic game theory to model the conditions under which entrepreneurship will thrive. We anticipate that guilt cultures allow for the development of a rules-based culture that allows for the development of impersonal exchange, whereas, shame cultures, which are relationship-oriented, the focus is on strong ties and hence lack the means to expand firms from small and medium family/clan-based businesses. Empirical results are completed to see whether guilt-dominating cultures are more conducive to having larger firms and whether guilt-dominating cultures have less informality. We find support for the latter but lack the right data to test the former. We use a new measure of culture to see how it impacts entrepreneurship.”
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    Make-in-India: Moving from a Monocentric to a Polycentric response to the COVID-19 crisis!
    (Degruyer, 2023-03-27) Bose, Feler
    The paper will look at the initial and subsequent Indian government’s response to the COVID-19 focusing event. The strategy used to tackle the initial Covid-19 wave in India was copied from resource-rich countries and authoritarian countries and due to centralization bias in India’s institutions, a monocentric response to the crisis was the default instead of cooperative solutions. However, the response to the pandemic should have been by multiple decision centers and based on local and institutional knowledge, considering India’s institutions, culture, and state capacity, for a “Make-in-India” polycentric response. Solving large-scale health externalities requires coproduction to deal with nested externalities more effectively instead of monocentric global responses. I propose policy considering previous epidemic responses focusing on polycentric governance where civil society is incentivized.