The Land Acquisition, Rehabilitation and Resettlement Bill (LARR) is considered to be a flawed piece of legislation. An alternative method based on auction based pricing mechanism is suggested here.

This paper argues that graduated penalties observed in most legal systems may be an attempt to direct law enforcement efforts towards crimes that are socially more harmful, thereby achieving better deterrence overall. The critical assumptions are: the state cannot commit to monitoring strategy,...

This paper argues that graduated penalties observed in most legal systems may be an attempt to direct law enforcement e orts towards crimes that are socially more harmful, thereby achieving better deterrence overall. The critical assumptions are-- the state cannot commit to a monitoring...

A seller seeking to sell an indivisible object can post (possibly different) prices to each of n buyers. Buyers' valuations are private information and drawn independently from the same distribution. If the seller can choose who to sell to in the event there are several willing buyers, her...

We present a model in which the media endorses the character of office-seeking candidates as a means to promote its own ideological agenda. In equilibrium, political parties completely pander to the elite-controlled media under moderate ideological conflict between voters and the elite. Larger...

A seller seeking to sell an indivisible object can post (possibly different) prices to each of n buyers. Buyers' valuations are private information and drawn independently from the same distribution. If the seller can choose who to sell to in the event there are several willing buyers, her...