Dimensions of economic theory and policy: essays for anjan mukherji

This volume brings together contributions from a rich diversity of economists from around the world on various aspects of economic theory and quantitativetechniques, as well as their relevance for policymaking. The focus is on topics that have gained importance in the economics discourse in recent times alongside the issues in classical economics. What is the role of human capital in the regional location of the software industry? Why did policy rate cuts in India not lead to a rapid lowering of the banks' lending rates in the context ofthe financial crises? How does women's education impact on patrilocal marriage and cultural norms? What is the impact of the quality of teachers on the growth process in a small economy with a universal public education system? This volume engages with various such topical issues through an innovativeuse of theory and quantitative tools. The essays underline the significance of economic policy having sound theoretical moorings.With an interesting mix of topics that have gained importance in the economics discourse in recent times alongside the more classical issues, the volume isdivided into three broad themes: (i) general equilibrium, macroeconomics, anddynamic modelling in economics; (ii) applications of game theory to economicsand information economics; and (iii) applications of theory to policymaking. The topics covered in Part I include Markov processes, general equilibrium under uncertainty, wealth effectsand macroeconomics, aspects of economic growth, and applications of dynamic modelling to forest management and international trade. Part II analyses efficiency wages, collusion in oligopolies, cartels in international competition, price competition in a mixed duopoly, strategic aspects of liabilityrules, and liquidity preference. Part III provides a rigorous analysis of some socio-economic problems of India. INDICE: Foreword Introduction, KRISHNENDU GHOSH DASTIDAR, HIRANYA MUKHOPADHYAY, AND UDAY BHANU SINHA Section I: General Equilibrium, Macroeconomics, andEconomic Dynamics Markovian Equilibria in a Dynamic General Equilibrium Modelwith Heterogeneous Consumers, SUBIR K. CHAKRABARTI On Some Monotone Markov Models, MUKUL MAJUMDAR AND NIGAR HASHIMZADE On Optimal Forest Management: A Bifurcation Analysis, SWAPAN DASGUPTA AND TAPAN MITRA Multiple Equlibria in a Dynamic Two Country Model, KAZUMICHI IWASA AND KAZUO NISHIMURA Observability of Chaotic Economic Dynamics in the Matsuyama Model, MAKOTO YANO, KENJI SATO, AND YUICHI FURUKAWA A Simple Exposition of Learning by Doing in Endogenous Growth Theory, DIPANKAR DASGUPTA Economic Growth and the Quality of Teachers in a Public Education System, MAUSUMI DAS AND SUBRATA GUHA Wealth Effects, AMITAVA BOSEInvestment-led Growth Cycles: A Preliminary Re-appraisal of Taylor-type Monetary Policy Rules, SOUMYA DATTA Section II: Games and Information: Applicationsand Experiments Distraction and Incentives, ABHIJIT V. BANERJEE AND SENDHIL MULLAINATHAN Liquidity Preference and Information, SANDEEP KAPUR Coordination in Teams, TRIDIB SHARMA AND RICARD TORRES Decomposition of Accident Loss and Efficiency of Negligence Rule, SATISH K. JAIN AND RAJENDRA P. KUNDU Internation Cartels and Spheres of Influence, ADITYA BHATTACHARJEA Price Competition in a Mixed Duopoly, KRISHNENDU GHOSH DASTIDAR AND UDAY BHANU SINHA Recommended PlayVersus Costly Punishments in a Laboratory Public Goods Game, ANANISH CHAUDHURI AND TIRNUD PAICHAYONTIVIJIT Section III. Socio-economic Problems of India: Applications of Theory to Policymaking Private Investment in Human Capital and Industrial Development: The Case of the Indian Software Industry, ASHISH ARORAAND SURENDRAKUMAR BAGDE Country-Region Place: India's Monetary Policy Accommodation During the Global Crisis-Was it Effective, BRUNO CARRASCO AND HIRANYA MUKHOPADHYAY? Arranged Marriage, Co-Residence and Female Schooling: A Model with Evidence from India, INDRANEEL DASGUPTA, PUSHKAR MAITRA, AND DIGANTA MUKHERJEE Index

• ISBN: 978-0-19-807397-0
• Editorial: Oxford University
• Encuadernacion: Cartoné
• Páginas: 480
• Fecha Publicación: 20/10/2011
• Nº Volúmenes: 1
• Idioma: Inglés