This paper contributes to the debate on the implication of market integration in fostering innovations. In contrast to the literature, we use a model of vertical product differentiation and formalize the speed of response to market integration as a first mover advantage in R&D. If the domestic...

Transferring land from (relatively low productivity) agriculture to industry has proved to be difficult in many less developed countries. This is the first paper to document the role of legislated ceiling size in explaining this puzzle, arguing that these legislations made land acquisition for...

We examine the impact of legislated land ceiling size on capital investment and industrialisation in the Indian states. India’s land ceiling legislations of 1960s and 1970s imposed a ceiling on maximum land holdings and redistributed above-ceiling lands. These ceiling legislations, effectively...

Increasingly dominant online platforms are collecting and sharing user data across multiple markets, raising red flags as regards privacy, as well as potential anti-competitive abuses. We analyse competition among two platforms that compete in prices and advertising quantities, with one platform...

We develop a tractable model of competition among motivated MFIs. We find that equilibria may or may not involve double-dipping (and consequently default), with there being double-dipping whenever the MFIs are very profit-oriented. Moreover, in an equilibrium with double-dipping, borrowers who...