India has enjoyed rapid economic growth over the past forty years, GDP per capita (PPP$) accelerating from less than 1% in the 1970s to over 5.8% in the 2000s. As incomes have risen, consumer demand has shifted from staple grains toward higher valued foods, such as horticultural and livestock...

The welfare gain to consumers from the introduction of personal computers is estimated here. A simple model of consumer demand is formulated that uses a slightly modified version of standard preferences. The modification permits marginal utility, and hence total utility, to be finite when the...

The welfare gain to consumers from the introduction of personal computers is estimated here. A simple model of consumer demand is formulated that uses a slightly modified version of standard preferences. The modification permits marginal utility, and hence total utility, to be finite when the...

Labour productivity is defined as output per unit of labour input. Economists acknowledge that technical progress as well as growth in capital inputs increases labour productivity. However, little attention has been paid to the fact that changes in labour input alone could also impact labour...