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. Introduction Part I: Institutions and Efficiency 1. Market Failures: Almost Always? Anjan Mukherjee 2. Encompassing Interests, Regionalism and Public Investment Sugato Dasgupta, Bhaskar Dutta and Kunal Sengupta 3. Bribe Chains in a Police Administration Amal Sanyal 4. Notes towards Rationality and Institutions Manimay Sengupta Part II: Choice and Values 5. Characterization of a Second-Best Rationalizable Choice Function with General Domain Taposik Banerjee 6. Domain Condition for Quasi-Transitive Rationalizability Debabrata Pal Part III: Law and Economics 7. Existence and Efficiency of Equilibria: When Care is Multi-Dimensional Ram Singh 8. On the Efficiency of (1,2)-Incremental Liability Rules: Some Results Rajendra Kundu 9. On Breach Remedies: Contracting with Bilateral Selfish Investment and Two-Sided Private Information Sugata Bag Part IV: Stratagems and Private Gains 10. Auctions with Ceilings Priyodorshi Banerjee and Archishman Chakraborty 11. Corruption in Union Leadershiplt