Themes in Economic Analysis Theory, policy and measurement [Hardcover]

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 InvestmentSugato 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 RationalizabilityDebabrata PalPart III: Law and Economics7.Existence and Efficiency of Equilibria: When Care is Multi-DimensionalRam Singh8.On the Efficiency of (1,2)-Incremental Liability Rules: Some ResultsRajendra Kundu9.On Breach Remedies: Contracting with Bilateral Selfish Investment and Two-Sided Private InformationSugata BagPart IV: Stratagems and Private Gains 10.Auctions with CeilingsPriyodorshi Banerjee and Archishman Chakraborty11. Corruption in Union LeadershipSarbajit Chaudhuri and Krishnendu Ghosh DastidarPart V: Development and Policy 12. Alternative Models for Structural Change and Unbalanced GrowthAmitlS•