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.
Arvustused
Satish Jain . . . combined intellectual brilliance, extreme modesty and a unique gentleness in a way that I have rarely encountered since. This volume of essays by many . . . leading lights of economic theory . . . is an appropriate tribute to this remarkable scholar and human being. Abhijit Vinayak Banerjee, Massachusetts Institute of Technology
It is rare to find such a cluster of leading economic theorists coming together to pay tribute to an individual . . . [ but then] Satish Jain is himself a rare economist . . . [ with] a remarkable range of intellectual interests . . . [ who] is known for his personal integrity and moral courage. Kaushik Basu, Cornell University and the World Bank
The contributions are of the highest quality by scholars of great eminence. I believe this volume should be of great value to all advanced level students of economic theory. Pulin B. Nayak, Delhi School of Economics
This volume of essays . . . which spans [ Satish Jains] wide spectrum of interests in economic theory and is characterized by . . . rigour and precision . . . in analysis, is a splendid tribute to his contributions to the profession. Deepak Nayyar, Jawaharlal Nehru University
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| Foreword |
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xiii | |
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| Introduction |
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xv | |
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PART I Institutions and Efficiency |
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Chapter 1 Market Failures: Almost Always? |
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3 | (26) |
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Chapter 2 Encompassing Interests, Regionalism and Public Investment |
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29 | (23) |
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Chapter 3 Bribe Chains in a Police Administration |
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52 | (12) |
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Chapter 4 Notes towards Rationality and Institutions |
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64 | (17) |
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PART II Choice and Values |
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Chapter 5 Characterisation of a Second-Best Rationalisable Choice Function with General Domain |
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81 | (8) |
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Chapter 6 Domain Conditions for Quasi-transitive Rationalisability |
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89 | (16) |
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PART III Law and Economics |
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Chapter 7 Existence and Efficiency of Equilibria: When Care is Multidimensional |
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105 | (23) |
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Chapter 8 Efficiency of (1, 2)-Incremental Liability Rules: Some Results |
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128 | (21) |
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Chapter 9 On Breach Remedies: Contracting with Bilateral Selfish Investment and Two-Sided Private Information |
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149 | (40) |
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PART IV Stratagems and Private Gains |
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Chapter 10 Auctions with Ceilings |
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189 | (36) |
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Chapter 11 Corruption in Union Leadership |
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225 | (12) |
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Krishnendu Ghosh Dastidar |
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PART V Development and Policy |
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Chapter 12 Alternative Models for Structural Change and Unbalanced Growth |
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237 | (20) |
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Chapter 13 Public Expansion of Higher Education and a Dynamic Todaro Paradox |
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257 | (30) |
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PART VI Social and Economic Measurement |
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Chapter 14 On a Family of Indices for Envy in Situations of Income Inequality |
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287 | (9) |
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Chapter 15 On a Distance Function-Based Inequality Measure in the Spirit of the Bonferroni and Gini Indices |
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296 | (17) |
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Chapter 16 Measuring Vulnerability to Poverty: An Expected Poverty Index |
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313 | (11) |
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Chapter 17 On Literacy Rankings |
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324 | (43) |
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| Epilogue: The Stability of Binary Social Decision Rules |
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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.
