Dimensions of Economic Theory and Policy: Essays for Anjan Mukherji

Hardcover | October 15, 2011

EditorKrishnendu Ghosh Dastidar, Hiranya Mukhopadhyay, Uday Bhanu Sinha

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What is the role of human capital in the regional location of the software industry? Why did policy rate cuts in India not lead to a rapid lowering of the banks' lending rates in the context of the financial crises? How does women's education impact on patrilocal marriage and cultural norms?What is the impact of the quality of teachers on the growth process in a small economy with a universal public education system? This volume engages with various such topical issues through an innovative use of theory and quantitative tools. The essays underline the significance of economic policyhaving sound theoretical moorings. With an interesting mix of topics that have gained importance in the economics discourse in recent times alongside the more classical issues, the volume is divided into three broad themes: (i) general equilibrium, macroeconomics, and dynamic modelling in economics; (ii) applications of game theoryto economics and information economics; and (iii) applications of theory to policymaking. The topics covered in Part I include Markov processes, general equilibrium under uncertainty, wealth effects and macroeconomics, aspects of economic growth, and applications of dynamic modelling to forestmanagement and international trade. Part II analyses efficiency wages, collusion in oligopolies, cartels in international competition, price competition in a mixed duopoly, strategic aspects of liability rules, and liquidity preference. Part III provides a rigorous analysis of some socio-economicproblems of India.

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What is the role of human capital in the regional location of the software industry? Why did policy rate cuts in India not lead to a rapid lowering of the banks' lending rates in the context of the financial crises? How does women's education impact on patrilocal marriage and cultural norms?What is the impact of the quality of teachers...

Krishnendu Ghosh Dastidar is Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences at Jawaharlal Nehru University, New Delhi. Hiranya Mukhopadhyay is Economist with the Asian Development Bank, India Resident Mission. Uday Bhanu Sinha is Associate Professor in the Department of Economics at t...

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Format:HardcoverDimensions:480 pagesPublished:October 15, 2011Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198073976

ISBN - 13:9780198073970

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Table of Contents

Foreword1. Krishnendu Ghosh Dastidar, Hiranya Mukhopadhyay, and Uda Bhanu Sinha: IntroductionSection I: General Equilibrium, Macroeconomics, and Economic Dynamics2. Subir K. Chakrabarti: Markovian Equilibria in a Dynamic General Equilibrium Model with Heterogeneous Consumers3. Mukul Majumdar and Nigar Hashimzade: On Some Monotone Markov Models4. Swapan Dasgupta and Tapan Mitra: On Optimal Forest Management: A Bifurcation Analysis5. Kazumichi Iwasa and Kazuo Nishimura: Multiple Equlibria in a Dynamic Two Country Model6. Makoto Yano, Kenji Sato, and Yuichi Furukawa: Observability of Chaotic Economic Dynamics in the Matsuyama Model7. Dipankar Dasgupta: A Simple Exposition of Learning by Doing in Endogenous Growth Theory8. Mausumi Das and Subrata Guha: Economic Growth and the Quality of Teachers in a Public Education System9. Amitava Bose: Wealth Effects10. Soumya Datta: Investment-led Growth Cycles: A Preliminary Re-appraisal of Taylor-type Monetary Policy RulesSection II: Games and Information: Applications and Experiments11. Abhijit V. Banerjee and Sendhil Mullainathan: Distraction and Incentives12. Sandeep Kapur: Liquidity Preference and Information13. Tridib Sharma and Ricard Torres: Coordination in Teams14. Satish K. Jain and Rajendra P. Kundu: Decomposition of Accident Loss and Efficiency of Negligence Rule15. Aditya Bhattacharjea: Internation Cartels and Spheres of Influence16. Krishnendu Ghosh Dastidar and Uday Bhanu Sinha: Price Competition in a Mixed Duopoly17. Ananish Chaudhuri and Tirnud Paichayontivijit: Recommended Play Versus Costly Punishments in a Laboratory Public Goods GameSection III. Socio-economic Problems of India: Applications of Theory to Policymaking18. Ashish Arora and Surendrakumar Bagde: Private Investment in Human Capital and Industrial Development: The Case of the Indian Software Industry19. Bruna Carrasco and Hiranya Mukhopadhyay: Country-Region Place: India's Monetary Policy Accommodation During the Global Crisis-Was it Effective20. Indraneel Dasgupta, Pushkar Maitra, and Diganta Mukherjee: Arranged Marriage, Co-Residence and Female Schooling: A Model with Evidence from India MUKHERJEEIndex