Farming is in the midst of a major transformation—not only in technology and production practices, but also in size of business, resource (land) control and operation, business model and linkages with buyers and suppliers. This paper describes the fundamental drivers of today’s structural...

This paper examines the effect of inefficient redistribution in Myerson’s (1993) model of redistributive politics. Regardless of the absolute levels of the efficiency of political parties’ transfers to different voter segments, parties have incentive to (stochastically) shift resources away...

The paper studies efficient risk sharing under limited enforcement (or "limited commitment") constraints determined by the threat of punishment after misbehavior. As in Kocherlakota (1996), I assume that society chooses from among those allocations implementable in subgame perfect equilibrium....

This paper examines a multi-player and multi-front Colonel Blotto game in which one player, A, simultaneously competes in two disjoint Colonel Blotto games, against two separate opponents, 1 and 2. Prior to competing in the games, players 1 and 2 have the opportunity to form an alliance to share...

We examine partner selection decision in the formation of borrowing group in joint-liability-based microcredit. We do so within the context of framed field experiments conducted in Bangladesh. We find that when joint-liability payments are made using money from the borrower’s mandatory savings...

We examine partner selection decision in the formation of borrowing group in joint-liability-based microcredit. We do so within the context of framed field experiments conducted in Bangladesh. We find that when joint-liability payments are made using money from the borrower’s mandatory savings...