The paper attempts to find determinants of variation in performance of the 19 institutes of cooperative management (ICM) representing the in-housetraining facilities within the cooperative sector in India by examining the distribution of property rights and incentives. The property rights are so...

Costly monitoring is an important market imperfection in developed as well as developing economies. In developed countries monitoring costs are usually minimized through intermediation. The intermediation process is hampered, however, by market fragmentation typical of developing agrarian...

This paper applies the tools of institutional economics – especially those pertaining to informational asymmetry and transaction costs - for studying the credit problems of small farmers in India, who, in spite of a vast network of credit institutions developed over a long period of time under...

Markets do not operate in vacuum. They need an institutional structure for them to function competitively and efficiently. This revisit study based on intensive study of eight villages – six from West Bengal and one each from Gujarat and Maharashtra – shows that cooperatives or cooperative...