An Analysis of Multivariate final-offer arbitration

First proposed in 1966, in the United States Final-Offer Arbitration has been adopted by Major League Baseball as well as in the public sector in many states as a means or resolving negotiation impasses. We will discuss the mechanics of this arbitration method and the game theoretic model under which it has been studied. Some of the important results concerning zero-sum games and probability will be addressed. Finally we will look at the problem of extending the basic model to one where multiple issues are in dispute, and some of the surprising results of the extended model.

  • Mr. Brian Powers, University of Illinois at Chicago
  • |
  • 2016-01-29

Game theory - The Mathematics for Conflict Resolution

Game theory can be broadly classified into cooperative and non cooperative games. In non-cooperative games the key solution concept is the notion of a Nash equilibrium. In cooperative games, the key issue is how to split the cooperative output among the participants of the game. Here one has several solution concepts and one may have to tailor the appropriate solution to the model at hand.

The talk will motivate via simple examples to illustrate the solution concepts for both non-cooperative and cooperative games. Some classic examples will be chosen to illustrate the basic ideas, like the value and optimal strategies for zero sum games, and the notions of Nash equilibrium and correlated equilibrium via Cournot models, Prisoner's dilemma and the battle of sexes. For Cooperative games we will introduce the solution concepts like the Shapley value, Core and the nucleolus using some simple examples from Bohm Bawerk's horse market, legal disputes, real state pricing etc.

  • Prof. T.E.S. Raghavan, University of Illinois at Chicago
  • |
  • 2016-01-28


Corruption in varying degrees exists in almost all countries. But its alarmingly high levels and persistence in developing countries such as India is a cause for deep concern. Indeed, international agencies and governments are continually engaged in devising new strategies to check corruption. Although e-government has held much promise in this regard, its impact on developing country corruption presents a mixed picture. This presentation connects to the relevant theories and posits a conceptual model of e-government impact on corruption. In addition, five Indian case-studies are re-visited and their outcomes with regard to corruption are analyzed afresh in terms of the conceptual model. This paper should help e-government impact research to move forward from non-theory to theory driven.

JITCAR focuses on research based on in-depth study of real world cases and applications to explain existing theories and concepts or to help in building new theories and frameworks. It is a double blind refereed international quarterly journal that is supported by IT scholars from all over the world. The journal is international in all respects: content, authors, readers, reviewers, and editors. JITCAR publishes case and application research articles focusing on any size of organization: start-up, small, medium, large, or multinational company. These cases and applications can originate from any country in the world: advanced, newly industrialized, developing, or under-developed. Furthermore, the primary thrust of a case or application may include artificial intelligence, business process reengineering, cross-cultural issues, cybernetics, decision support systems, electronic commerce, firewalls and internet, groupware, human side of IT, information infrastructures, joint application development, knowledge based systems, local area networks, management information systems, neural networks, office automation, prototyping, query languages, robotics, systems analysis, telemedicine, ubiquitous computing, video-conferencing, webonomics etc. This journal has been in existence since 1999. It is published by Taylor & Francis in existence since 1796.

  • Dr. Shailendra C. Jain Palvia, College of Mgmt. of Long Island University Post
  • |
  • 2016-01-18

Blowing Smoke: The Management of Moral Illegitimacy by the U.S. Tobacco Industry

U.S. corporations have had a remarkable history of overcoming challenges to their moral legitimacy. While a number of established theoretical positions have argued that organizational wrongdoing is likely to be a tremendous social liability, the last few decades have seen corporation after corporation (from BP to Goldman Sachs) tarnished by various public allegations, only to emerge relatively unscathed. Few industries have been quite as stigmatized as Big Tobacco - for producing a dangerous product and further, going to extreme lengths in defending and marketing it to unsuspecting customers. Using Critical Institutional theory, this presentation will explain how the American Tobacco Industry survived charges of illegitimacy for so many decades, and became a "model" for other companies facing problems of stigmatization.

  • Prof. Anshuman Prasad, University of New Haven and Prof. Pushkala Prasad, Skidmore College
  • |
  • 2016-01-13

Partisan Politics and the Tragedy of the Commons: Groundwater Depletion in India’s Breadbasket

India's agriculture depends on groundwater irrigation, but this critical resource is depleting. Abundant supply of heavily subsidized electricity plays a key role in this depletion by allowing farmers to operate powerful electric pumps for lifting groundwater. We theorize that Indian politicians use their political power to allocate scarce electricity to rural constituencies for economic profit, and that this patron-client relationship causes groundwater depletion. To test this hypothesis, we use data from the universe of government groundwater monitoring wells for the years 1976-2003 in Punjab, India's breadbasket and home of the green revolution. We show several types of quasi-experimental evidence demonstrating that when the candidate of the Congress Party wins the elections for Punjab State Assembly, groundwater levels begin to decline faster within his or her constituency. The effects are the strongest when the Punjab Chief Minister is also a Congress member. These findings are consistent with the idea that politicians can only allocate scarce electricity to farmers when they are connected with state and national political leaders. While politicians from the regional Shiromani Akali Dal party, which competes with Congress for dominance in Punjab's de facto two-party system, also want to supply electricity to their constituencies, they are unable to do so because they do not have the same access to national decision-makers.

  • Prof. Johannes Urpelainen, Columbia University
  • |
  • 2016-01-08

Challenges in Creating a Premier Institute of Higher Technological Education in a Remote Area: A Case Study of IIT Mandi

In 2009, a picturesque 500-acre campus in a remote Himalayan river valley was selected for an IIT. With a population of barely 200, beset by landslides and bitterly cold winters, the village of Kamand is 45 minutes from the modest town of Mandi, and 6-7 hours from the nearest major city, Chandigarh. Was it a foolish pipe-dream that a world-class member of the IIT system could rise in this bucolic mountain setting?

Six years later, IIT Mandi has earned the distinction of being the first of the 8 new IITs to start occupying its permanent campus in mid-2012, and is still the only one to have a fully functional residential campus. IIT Mandi has achieved many other significant milestones, in its long journey towards becoming a renowned IIT. It has graduated 3 batches of students who have started careers in India's leading companies, and in the best universities in India, North America and Europe. Over 90 faculty are active in experimental and theoretical research, with a productivity on par with the old IITs. They have won sponsored research projects from a variety of Indian agencies and from a few companies in the US.

In this talk, we will outline the challenges that we faced while conceiving and building IIT Mandi. These include the remote location, natural hazards, lack of urban ecosystems, etc. We will describe how we defined and implemented a strategy towards the vision of serving Indian society. This strategy involves several USPs, including a strong inter-disciplinary culture, a unique project-oriented BTech curriculum, and a vibrant social outreach programme.

  • Prof. Timothy A. Gonsalves, IIT Mandi
  • |
  • 2016-01-07

MNCs and Global Foreign Policy: A trend we may have missed in the last 5 Years

On the international stage, the multinational corporation has been sneaking up on traditional prerogatives of the state, with surprisingly little mainstream commentary on the trend. The talk singles out news stories from 2010 to 2015 - instances that characterizes a definite shift in the role of giant corporations across the world both in civic life domestically and in foreign affairs. The bulk of the lecture is brief (rapid-fire) cases that pair large corporations (Google, S&P, BP and such) with a country or bloc (Germany, Russia, US, South Africa and so forth). Some of the more recent news stories will be familiar and yet, when juxtaposed against many others as a trend, might give the audience pause. The objective of the fast-paced talk is to intrigue students just enough so they are compelled to take a second look on their own time. Some should expect their career plans to broaden.

  • Dr. Sachin Kumar Badkas, United Nations University - MERIT
  • |
  • 2016-01-05