The great debates of most fields associated with economic development rest on emergence versus intention and the interplay between the two. The “residual” of unexplained divergence between goal and outcome, in this sense, can be ascribed in part to the interplay, or co-evolution, between...

This paper is concerned with two questions: When and how does society at large (through State, intermediary organisations, labor unions, etc.) institute a set of supports to minimize schisms in the labor market?; How exactly do these schisms evolve in response to changing technical standards in...

Market Menagerie examines technological advance and market regulation in the health industries of nations such as India, Brazil, South Africa, Nigeria, and Japan. Pharmaceutical and life science industries can reinforce economic development and industry growth, but not necessarily positive...

Market Menagerie addresses the tensions between economic and social policies. This book explores how states, markets, and other institutions interact within the health industry--using India as a primary case study.

Urban water demand is rapidly growing in India due to high growth in urban population and rapid industrialization. Meeting this growing demand is a big challenge for the urban planners in India. Incidentally, urban areas in arid and semi arid regions of India are experiencing rapid growth. As a...

We build a model for emerging economies where households could search goods through two retail platforms: the legal organized (supermarket) and the informal unorganized (mom-and-pop store). We highlight the role of the retail sector as a special two-sided platform in goods market. A positive...

This paper investigates the relationship between stock market returns and volatility in the Indian stock markets using AR(1)-EGARCH(p, q)-in-Mean model. The study considers daily closing prices of two major indexes of Indian stock exchanges, viz., S&P CNX NIFTY and the BSE-SENSEX of National...

Local brands are rapidly emerging in food retail in Asia. However, it is not well understood what impact they have in domestic food markets. In a detailed case study of makhana in Bihar, one of the poorest states in India, we see the fast emergence - a doubling over five years leading to a share...