This paper examines market structure and efficiency of price transmittals in the two national stock exchanges of India: The Bombay Stock Exchange and the National Stock Exchange. Price movements in a large number of important stocks in both markets are considered. The framework used is the...

We investigate the market microstructure of the wholesale markets for rice in India. We propose a general method of splitting the wholesale bid-ask spread into its three constituent components: the order processing costs, the adverse information costs and the inventory holding costs. The bid-ask...

In the context of rural India this paper focuses on six questions. a) Does gender of the elected representatives’ matter; specifically do political reservations help in reducing vulnerability? b) What will be the impact of regime changes on resource re-allocation and on household consumption?...

This paper studies the evolution of the competitive structure of the two-wheeler industry in India. The evolution of the industry's competitive structure is traced using Kendall’s Index of Rank Concordance and the Evans-Karras test of convergence. The industry seems to be characterized by...

Given that the phenomenon of capture of public programs by sections the population is rampant in developing countries, households can indulge in a strategy to improve their odds of participating in public programs by bribing the suppliers of such programs. This is an important issue affecting...

This paper has the objective of showing that identity based voting will lead to improvements in household welfare through increased access to welfare programs. Using newly available data from rural India, we establish that identity based voting will lead to enhanced participation in welfare...

In a developing economy with an ethnically diverse society, such as India's, household welfare and its distribution within the household unambiguously depend on how much time each member of the household spends on productive activity. In this paper we examine the welfare impact of reducing the...

In India an important policy initiative has been the devolution of financial responsibilities to village level local governments called the Panchayats. The Preamble to this initiative is two fold. First such devolution would not only lead to increased public expenditure but also such...

Using ARIS/REDS data set for 2006 for rural India this paper models household vulnerability as expected utility and its components. We conclude, first, that between the years 1999 and 2006 household vulnerability is most explained by poverty and idiosyncratic components. Second, for risk coping...