Themes in Economic Analysis Theory, policy and measurement

This book covers diverse themes, including institutions and efficiency, choice and values, law and economics, development and policy, and social and economic measurement. Written in honour of the distinguished economist Satish K. Jain, this compilation of essays should appeal not only to students and researchers of economic theory but also to those interested in the design and evaluation of institutions and policy.

Foreword James W. Friedman. IntroductionPart I:Institutions and Efficiency1. Market Failures: Almost Always? Anjan Mukherjee 2. Encompassing Interests, Regionalism and Public Investment Sugato Dasgupta, Bhaskar Dutta and Kunal Sengupta3. Bribe Chains in a Police Administration Amal Sanyal 4. Notes towards Rationality and Institutions Manimay SenguptaPart II: Choice and Values 5. Characterization of a Second-Best Rationalizable Choice Function with General Domain Taposik Banerjee6. Domain Condition for Quasi-Transitive Rationalizability Debabrata Pal Part III: Law and Economics7. Existence and Efficiency of Equilibria: When Care is Multi-Dimensional Ram Singh8. On the Efficiency of (1,2)-Incremental Liability Rules: Some Results Rajendra Kundu9. On Breach Remedies: Contracting with Bilateral Selfish Investment and Two-Sided Private Information Sugata BagPart IV: Stratagems and Private Gains 10. Auctions with CeilingsPriyodorshi Banerjee and Archishman Chakraborty 11. Corruption in Union LeadershipSarbajit Chaudhuri and Krishnendu Ghosh Dastidar Part V: Development and Policy 12. Alternative Models for Structural Change and Unbalanced GrowthAmitava Bose 13. Public Expansion of Higher Education and a Dynamic Todaro ParadoxSubrata Guha Part VI: Social and Economic Measurement 14. On a Family of Indices for Envy in Situations of Income Inequality Ravindra Ranade and Yukie Shimone 15. On a Distance Function-Based Inequality Measure in the Spirit of the Bonferroni and Gini IndicesS. Subramanian 16. Vulnerability to Poverty: An Expected Poverty IndexSatya R. Chakravarty and Nachiketa Chattopadhyay 17. On Literacy RankingsTapan Mitra Part VII: Epilogue18. The Stability of Binary Social Decision Rules Satish K. Jain. About the Editors. Notes on Contributors. Index

Subrata Guha is Associate Professor, Centre for Economic Studies and Planning, Jawaharlal Nehru University, and has been associated with research and teaching there since 1999.

Rajendra Prasad Kundu is Assistant Professor, Centre for Economic Studies and Planning, Jawaharlal Nehru University. He has taught at Jadavpur University and at the Delhi School of Economics, University of Delhi.

S. Subramanian is an ICSSR National Fellow affiliated with the Madras Institute of Development Studies, from where he retired as a professor. Previously, he was a consultant with the Planning Commission of India and the Bureau of Industrial Costs and Prices, Government of India.