related to the problems of market quality in emerging economies like India. Illustrated by carefully chosen examples, this …This book provides an economic analysis of various aspects of ‘market quality’, a new concept which emerged in the 21st … economics literature the link between the theories of oligopoly and auctions with market quality remains largely unexplored …

This paper provides a simple model of corruption dynamics with the ratchet effect. Corrupt officials have ex post the … decrease. We also explore the effect of the official's tenure stability on the extent of corruption. This allows us to identify … circumstances under which the often observed practice of job rotation can help mitigate corruption. …