In this paper we analyze the effect of income inequality on market outcome and hence the welfare of the consumer in the industry which is both horizontally and vertically differentiated. The idea is that any income distribution over the spatial horizon is reflected in the demand structure and...

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...

This paper presents a comprehensive set of stylised facts for business cycles in India from 1950 - 2009. We find that the nature of the business cycle has changed dramatically after India's liberalisation reforms in 1991. In particular, after the the mid 1990s, the properties of India's business...

In a scenario where terrorist organizations, based in an LDC, target a rich nation, we examine a joint, multi-pronged and dynamic counter-terror strategy and the role that developmental aid plays in its success. We show that aid-tying leads to a fruitful virtuous cycle whereby joint...

This paper measures the percolation of food subsidy expenditures to th e poor. The paper proposes a metric that takes into account the depth and width of income transfer. The metric is applied to food subsidy expenditures in India and Philippines. Both countries operate in-kind transfer schemes....

It is well-recognized that new technology is a crucial part of any solution to the problem of climate change. But since investments in research and development take time to mature, price and quantity instruments, i.e., carbon taxes and cap-and-trade, run into a commitment problem. We assume that...

We consider the problem of choosing a partition of a set of objects by a set of agents. The private information of each agent is a strict ordering over the set of partitions of the objects. A social choice function chooses a partition given the reported preferences of the agents. We impose a...

We consider deterministic dominant strategy implementation in multidimensional dichotomous domains in private values and quasi-linear utility setting. In such multidimensional domains, an agent's type is characterized by a single number, the value of the agent, and a non-empty subset of...

This paper estimates the climate sensitivity of electricity demand by examining the impact of apparent temperature on electricity demand in Delhi using daily data on electricity demand for the period 2000-09. The study adopts a semi-parametric variable coefficient model in order to investigate...