Author name: Team

2016 Economics Nobel Prize

British-born Oliver Hart and Bengt Holmstrom of Finland won the Nobel Memorial Prize in Economic Sciences for their contributions to contract theory, shedding light on how contracts help people deal with conflicting interests. What is Contract Theory? Contract theory provides us with a general means of understanding contract design. One of the theoryโ€™s goals is […]

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Indus Water Treaty

Over the past week, Indus Water Treaty has been in NEWS. This is a detailed article on the same. Indus Water Treaty: The Background At the time of independence, the boundary line between Pakistanย andย Indiaย was drawn across theย Indusย Basin, leaving Pakistanย as the lower riparian meaning water from Indus & tributaries flowed from India to Pakistan. Moreover, two

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