The policy of allocation of food grains under rationing has been very ad hoc in India with allocation being fixed on a 'historical basis'. This paper uses four sets of pooled equations for predicting stable levels of per capita consumption of rice and wheat in physical terms in rural and urban...

This paper proposes a general model of asymmetric price transmission at the retail level to examine the volatility of retail spreads in vertical markets, with endogenous overshooting of the wholesale spreads. The model is tested with Indian data and detects significant levels of asymmetry in...

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

The Targeted Public Distribution System (TPDS) — the largest food subsidy programme in India — has been a dismal failure in targeting the poor. The present paper examines its performance in three Indian states — Andhra Pradesh, Maharashtra and Rajasthan, based on primary data collected for...

Using Vulnerability as Expected Utility (VEU) analysis that permits the decomposition of household vulnerability into its components on a unique data set this paper demonstrates that in rural India household vulnerability is most explained by poverty and idiosyncratic components. So far as risk...

Using a unique panel data for rural India for the periods 1999 and 2006, this paper models vulnerability to poverty. We quantify household vulnerability in rural India in 1999 and 2006, investigate the determinants of ex post poverty as well as ex ante vulnerability, assess the role of ex ante...

India's National Rural Employment Guarantee Scheme (NREGS) has been hailed as one of the country's most creative social initiatives. Since the program was begun only recently (in 2004-05) there is a need to assess its impact on households not just in one year but over time. To the best of our...

Despite its evident importance relatively little is known about links between Body Mass Index (BMI) and participation in workfare programs, particularly in India. Using a unique data set for the Indian state of Rajasthan for 2009-10, this paper attempts to fill this void and examines the...

This paper examines the impact of dynamic information acquisition by retailers, on the degree of asymmetric price transmission in vertical markets. We propose a generalization of the extant models of asymmetric price transmission, by endogenising the process of dynamic information acquisition....

This paper investigates the short run efficiency of wholesale markets within the context of vertical markets. We propose a partial adjustment model to examine the dynamics of the wholesale bid-ask spread and determine whether this has any impact on hoarding at the wholesale level. The dynamics...