Acknowledgements I would like to take this opportunity to express my deepest gratitude to Professor Edward Miguel, my advisor, for his endless patience and continuous guidance in the development of this thesis. Without his help, this project could not have been accomplished. Also, I would like to thank Professor D. Sarkar from the Delhi University for taking the time to interview with me. I wou...

This entry examines the relationship between property rights and environmental protection. According to the ‘tragedy of the commons’ model, environmental pollution and resource depletion result from the inadequate specification of property rights in environmental goods. Two solutions typically are offered for averting the ‘tragedy’: (1) specify property rights (that is, privatize the commons) o...

One of the greatest problems facing luxury goods firms in a globalizing market is that of counterfeiting. The purpose of this paper is to analyze the different types of counterfeiting that take place in the fashion industry and the ethical issues raised. We argue that the problem partly lies in the industry itself. Copying of designs is endemic and condoned, which raises several ethical dilemma...