An evaluation of the country’s buffer stock policy reveals gaps and inefficiencies. Large quantities of food grains have accumulated in the godowns of the Food Corporation of India (FCI) and its nominated state agencies, raising questions about the economic efficiency of the entire...

Health economics is increasingly recognized as a discipline that has much to offer developing countries in addressing these problems, but how can it help? What economic concepts and tools can be applied to the health sector? A wider understanding of the discipline is required if it is to support...

This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions taxes (FTT). It includes examples of FTT in the wider context, for example, on stocks and derivatives, currency transactions, and tangible property. Most of the discussion...

A growing body of literature suggests that courts and juries are inclined toward division of liability between two strictly non-negligent or “vigilant†parties. However, standard models of liability rules do not provide for vigilance-based sharing of liability. In this paper, we...

This paper examines changes that have (and have not) occurred – at the village level in Karnataka where most or the state’s residents live, and at higher levels when they impinge upon villages – since 1972. Substantial changes have occurred on many (though certainly not all)...

This paper uses household data from India to examine the economic and social status of village politicians, and how individual and village characteristics a®ect politician behavior while in o±ce. Education increases the chances of selection to public o±ce and reduces the odds that a...

This paper develops a framework for thinking about the policy challenge of scaling up small scale interventions, governmental and non-governmental, that address poverty reduction successfully. The framework sees scaling up as addressing different components of market failure, government failure...

Are ostensibly demand-driven public programs less susceptible to political clientelism even when private goods are allocated? This is examined using expenditure data at the local level from India’s National Rural Employment Guarantee Scheme.

The overall goal of this paper is to analyse the political economy of food price policies in China during the global food crisis. The results show that given China’s unique economic and political context and the nature of its agricultural markets, the government’s reaction to the...

The contemporary approach to political economy is built around vested interests -- elites,  lobbies, and rent-seeking groups which get their way at the expense of the general public. The ...