We analyze the impediments to inter-firm contractual relations, existing formal and informal ways of getting around them, especially the role of reputation and trust in mitigating the conflict of interest between the firms. We study it in the context of Indian IT industry. Contract design is...

This paper deals with the well-known environmental public interest litigation before the Supreme Court of India. While a certain amount of literature exists, principally describing the judicial activism in which the Supreme Court of India has engaged for many years, to date no comprehensive...

With the help of recent developments in quantitative comparative law literature this paper tries to determine the long run equilibrium relationship between shareholder protection and stock market development and ultimately their relationship with economic growth in the context of India. Within a...

This working paper analyses real-world impact evaluations in development sectors in low- and middle-income countries. Using the example of grants-for impact evaluations given by the International Initiative for Impact Evaluation (3ie), it explores key drivers of costs, and causes for delays. The...

This paper revisits the financial development - economic growth puzzle from the perspective of the determinants of financial sector growth such as legal and institutional developments and financial regulation. We quantify the impact of these factors on financial sector and economic growth with...

We analyze the impediments to inter-firm contractual relations, existing formal and informal ways of getting around them, especially the role of reputation and trust in mitigating the conflict of interest between the firms. We study it in the context of Indian IT industry. Contract design is...

Past interest in the phenomena of Public interest litigation has concentrated on a legal justification of PIL and on arguments based on access to Justice for the poor. There seems to be scant literature that looks at PIL from a Law and Economics perspective. This paper sets up a framework to...

While there are a number of transparency and accountability initiatives in the natural resources governance sector, evidence on the impact of these initiative remains sparse. This paper synthesises key lessons from seven impact evaluations of these initiatives in the extractives sector. The...

The OTC derivatives markets all over the world have shown tremendous growth in recent years. In the wake of the present financial crisis, which is believed to have been exacerbated by OTC derivatives, increasing attention is being paid to analysing the regulatory environment of these markets. In...

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...