Oligopoly as an example of imperfect market has been a subject of research by academicians for quite a long time. Examples from day-to-day life help comprehend the features of oligopoly such as Cartelization, Collusion, Price Fixation, Bid Rigging, easily. This caselet takes the example of the market of domestic helps and tries to examine whether the domestic helps behave like oligopolists? Do they form a cartel and collude? The caselet focuses on three features of oligopoly namely, Cartelization, ...

In this Case Suite (video interview) with ET CASES, Karuna Gopal, President, Foundation for Futuristic Cities, shares her journey into the realm of building smart cities. Coming from an illustrious Civil Servants family, Karuna Gopal leads Foundation for Futuristic Cities (www.futurecities.org) that has been influencing Urban Transformation in India. Currently FFC is developing a "SMART CITY Protocol" for Indian Cities collaborating with Technology Government and Corporate partners. Ms. Gopal served ...

In this interview, Mr. N K Singh, Member of Parliament, to the Rajya Sabha, Government of India and Former Secretary, Ministry of Finance of Government India, shares his wonderful inside story of the evolution of Indian Economic Policies. The interview was conducted (October 19th 2013) by Dr Nagendra V. Chowdary, Vice President and Head – Academics, Times Centre for Learning, Times of India Group. Keywords Cases, Case Studies, Business Case Studies, Management Case Studies, MBA Case Studies, ...

Demand is probably the most familiar concept in Economics and Business. Yet most firms do not quite get their finger on the pulse of demand indicators, often losing leadership positions in the bargain. This caselet is highly suitable for discussing the three pillars of Demand and how the absence of any one feature renders it impotent. Also, the caselet highlights the determinants of demand, particularly developing the importance and application of Price of the product as a key determinant. The ...

This caselet enables a discussion on how the Law of Demand (LOD) and the Price Elasticity of Demand (PED) work in alcohol market. Excessive alcohol consumption imposes significant costs on society in various forms. But its deprivation also entails wellness cost. Therefore, price hike ought to reduce consumption of alcohol significantly in case of heavy drinkers who tend to abuse it; and marginally, if at all, in case of moderate drinkers who sip for health reasons. But whether the boot of reality ...