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Recent Working Papers

  1. Theories of Poverty Traps and Anti-Poverty Policies, Working Paper, December 20, 2014.
  2. Two States: A Comparative Analysis of Gujarat and Bihar’s Growth Performance Between 1981-2011 (with Sanchari Roy), Working Paper, December 1, 2014.
  3. Solving Agency Problems: Intrinsic Motivation, Incentives, and Productivity (with Tim Besley), Background paper for the World Development Report 2015, January 2014.
  4. Motivating Knowledge Agents: Can Incentive Pay Overcome Social Distance? (with E.Berg, R. Manjula, D. Rajasekhar, Sanchari Roy), Working Paper, March 2013 (Revised December 2013).
  5. Profit with Purpose? A Theory of Social Enterprise with Experimental Evidence (with T. Besley), Working Paper, November 2013. [Slides]
  6.  Market Structure and Borrower Welfare in Microfinance, (with Jon de Quidt and Thiemo Fetzer), Working Paper, Revised: November 2013. [Slides] 
  7. Is the credit worth it? For-profit Lenders in microfinance with rational and behavioral borrowers (with Jon de Quidt), Background paper for the World Development Report 2015, November 2013.
  8.  Can Market Failure Cause Political Failure? (with Madhav Aney and Masismo Morelli), Working Paper, July 2011 (Revised, August 2012).
  9. Land Acquisition and Compensation in Singur: Results of a Survey, (with Sandip Mitra, Dilip Mookherjee, and Anusha Nath), Working Paper, March 2012 [See also press coverage, and op-ed
  10.  Microfinance, Market Structure, and Borrower Welfare in Microfinance: Regulatory Lessons from the Indian Crisis (with Jon de Quidt and Thiemo Fetzer), Working Paper, March 2012. 
  11.  Repayment Frequency and Lending Contracts with Present-Biased Borrowers, (with Greg Fischer), Working Paper, July 2010.

Refereed Publications

  1.  Group Lending Without Joint Liability (with Jon de Quidt and Thiemo Fetzer), September, 2014, Forthcoming, Journal of Development Economics, Special Issue on Microfinance, ed.s J.-M. Baland and K. Munshi.
  2. Contractual Structure in Agriculture with Endogenous Matching, (with Alexander Karaivanov),  Journal of Development Economics, Special Issue on Land and Property Rights, ed.s C.Udry and D. Mookherjee, Volume 110, Pages 239-249, September 2014.
  3. Land Acquisition for Industrialization and Compensation for Displaced Farmers, (with Dilip Mookherjee). Journal of Development Economics, Special Issue on Land and Property Rights, ed.s C. Udry and D. Mookherjee, Volume 110, Pages 303-312, September 2014.
  4. Trade and the Allocation of Talent with Capital Market Imperfections, (with Roberto Bonfatti). Journal of International Economics,Volume 89, Issue 1, p. 187–201, January 2013.
  5. Marry for What? Partner Selection in Modern India, (with Abhijit Banerjee, Esther Duflo, and Jeanne Lafortune). [Online Appendix]. American Economic Journal (Microeconomics), 5(2), p. 33–72, May 2013.
  6. Incentives and the de Soto Effect,, (with Tim Besley and Kornad Burchardi), Quarterly Journal of Economics, Volume 127, Issue 1, p. 237-282, February 2012.
  7. Thanks for Nothing? Not-for-Profits and Motivated Agents,  (with Hannes Mueller), Journal of Public Economics, Volume 95, Issues 1-2, Pages 94-105, February 2011.
  8. Retailing Public Goods: The Economics of Corporate Social Responsibility (with Tim Besley), Journal of Public Economics, Vol. 91, No. 9, p. 1645–1663, September 2007.
  9. Wealth Inequality and Collective Action (with Pranab Bardhan and Alexander Karaivanov), Journal of Public Economics, Vol. 91, No. 9, p. 1843–1874, September 2007.
  10. Entrepreneurial Talent, Occupational Choice, and Trickle Up Policies (with Massimo Morelli and Tomas Sjostrom), Journal of Economic Theory, Volume 137, No. 1, November 2007.
  11. Subcontractors for Tractors : Theory and Evidence on Flexible Specialization, Supplier Selection, and Contracting , (with Tahir Andrabi and Asim Ijaz Khwaja). Journal of Development Economics, April 2006.
  12. Joint Liability Lending and the Peer Selection Effect, (with S. Gangopadhyay and R. Lensink), Economic Journal, October 2005.
  13. Competition and Incentives with Motivated Agents (with Tim Besley), American Economic Review, June 2005.
  14. Eviction Threats and Investment Incentives, (with Abhijit Banerjee) Journal of Development Economics, August 2004.
  15. Can Unobserved Heterogeneity in Farmer Ability Explain the Inverse Relationship between Farm Size and Productivity?  (with Juliano Assuncao), Economics Letters, August 2003.
  16. A Simple Model of Inequality, Occupational Choice and Development, (with Nien-Huei Jiang). Journal  of Development Economics, Vol. 69, No. 1, October 2002.
  17. Empowerment and Efficiency: Tenancy Reform in West Bengal, (with Abhijit Banerjee and Paul Gertler). Journal of Political Economy, Vol. 110, No. 2, April 2002. [See press coverage] 
  18. Government versus Private Ownership of Public Goods, (with Tim Besley). Quarterly Journal of Economics, Vol. 116, No. 4, p.1343 – 1372, November 2001.
  19. Occupational Choice and Dynamic Incentives, (with Massimo Morelli and Tomas Sjostrom). Review of Economic Studies, Vol. 68, No. 4, October 2001 p. 781-810.
  20. Financially Interlinked Business Groups  (with Raja Kali) Journal of Economics and Management Strategy. Vol. 10, Issue 4, p. 591-619, Winter 2001.
  21. Contract Choice in Agriculture with Joint Moral Hazard in Effort and Risk, (with Priyanka Pandey). Journal of Development Economics, Vol.63, No.2, December 2000.
  22. Screening by the Company You Keep: Joint Liability Lending and the Peer Selection Effect. Economic Journal, Vol.110, Issue 465, July 2000.
  23. The Economics of Lending with Joint Liability : Theory and Practice (with Timothy W. Guinnane). Journal of Development Economics, Vol.60, No.1, October 1999. Reprinted in Readings in the Theory of Economic Development (ed.s) D. Mookherjee and D. Ray, London: Blackwell (2000). See also Corrections to this paper, Journal of Development Economics, Vol.69, No.1, October 2002.
  24. Group Lending, Local Information and Peer Selection. Journal of Development Economics, Vol.60, No.1, October 1999.

Other Publications

  1. Did Gujarat Switch to a Higher Growth Trajectory Relative To India under Modi? A Rejoinder (with Sanchari Roy), Economic and Political Weekly of India, May 3, 2014. Click here for the comment to which this piece responds to.  

  2. Growth in the time of UPA: Myths and Reality (with Parikshit Ghosh & Ashok Kotwal),  Economic and Political Weekly of India, April 19, 2014.

  3. Did Gujarat’s Growth Rate Accelerate under Modi? (with Sanchari Roy), Economic and Political Weekly of India, April 12, 2014. See here the version with the latest year's data.

  4. A Look in the Mirror, (with Sanchari Roy), Outlook, March 31, 2014. Click here for version with tables, and here for the Ideas for India version .

  5. Reforming India's Land Policy (with Parikshit Ghosh and Dilip Mookherjee), Yojana, November 2013.

  6. Land Acquisition and Compensation in Singur: What Really Happened? (with Sandip Mitra, Dilip Mookherjee and Anusha Nath), Economic and Political Weekly of India, Vol - XLVIII, No. 21, May 25, 2013
  7. Bailouts and the Optimal Taxation of Bonus Pay, (with Tim Besley). American Economic Review, Papers and Proceedings, 103(3), p. 163–167, May 2013.
  8. The Land Acquisition Bill: A Critique and a Proposal, (with Parikshit Ghosh), Economic and Political Weekly of India, October 8, 2011, Vol. XLVI, No 41.  (Click here and here for shorter versions, and here for press coverage]
  9. Implementing Health Insurance: The Rollout of Rashtriya Swasthya Bima Yojana in Karnataka, (with Durgam, R., Berg, E., Manjula,R., and Roy, S.),  Economic and Political Weekly of India, May 2011.
  10. Spanning the Chasm: Uniting Theory and Empirics in Microfinance Research, (with Greg Fischer), in B. Armendariz and M. Labie (ed.s), Handbook of Microfinance, World Scientific, 2011.  
  11. Property Rights and Economic Development (with Tim Besley), in D. Rodrik and  M. Rosenzweig (ed.s) Handbook of Development Economics V, North Holland, 2010.
  12. Status Incentives (with Tim Besley), American Economic Review, Papers and Proceedings, May 2008.
  13. Reforming Public Service Delivery, (with Tim Besley), in Journal of African Economics, Vol 16, AERC Supplement 1, p. 127-156, 2007. [See press coverage] 
  14. Land Reform and Agricultural Productivity in India: A Review of the Evidence (with Sanchari Roy), Oxford Review of Economic Policy, Vol. 23(2): India, Summer 2007.   
  15. Land Reform, entry in The Oxford Companion to Economics in India edited by Kaushik Basu, Oxford University Press, 2007.
  16. Beyond Nandigram: Industrialization in West Bengal (with Abhijit Banerjee, Pranab Bardhan, Kaushik Basu, Mrinal Datta-Chaudhuri, Ashok Guha, Mukul Majumdar, Dilip Mookherjee, and Debraj Ray), Economic and Political Weekly of India, April 28, 2007
  17. Inequality and Collective Action, (with Pranab Bardhan and Alexander Karaivanov) in P. Bardhan, S. Bowles and J. M. Baland (ed.) Economic Inequality, Collective Action, and Environmental Sustainability, Princeton University Press, 2006.
  18. Public Goods and Economic Development, (with Tim Besley) in Understanding Poverty, (ed.s) A. Banerjee, R. Benabou, and D. Mookherjee, editors, Oxford University Press: 2006.
  19. Sorting with Motivated Agents:  Implications for School Competition and Teacher Incentives, (with Tim Besley), Journal of the European Economic Association, Papers and Proceedings, 2006.
  20. Incentives, risk and accountability in organizations (with Tim Besley), in Organizational Encounters with Risk (ed.s) Bridget Hutter and Michael Power, Cambridge University Press, 2005.
  21. Who should provide public goods? A Perspective from the Theory of Organizations?, in Development, Displacement and Disparity - India in the Last Quarter of the Century, (ed.s) S. Marjit and N. Banerjee, Orient Longman, 2005.
  22. Incentives, Choice and Accountability in the Provision of Public Services, (with Tim Besley), Oxford Review of Economic Policy, Vol. 19 (2): Financing and Managing Public Services.
  23. Strategy for Economic Reform in West Bengal (with Abhijit Banerjee, Pranab Bardhan, Kaushik Basu, Mrinal Datta-Chaudhuri, Ashok Guha, Mukul Majumdar, Dilip Mookherjee, and Debraj Ray), Economic and Political Weekly of India, October 12, 2002.   
  24. Recent Reforms in the Panchayat System in West Bengal: Toward Greater Participatory Governance? (with Maitreya Ghatak). Economic and Political Weekly of India, Vol 37, No 1, January 5, 2002. Reprinted in Decentralisation: Institutions and Politics in Rural India (ed.s) Satyajit Singh and Pradeep K. Sharma, Oxford University Press, Delhi. [See press coverage]
  25. Diversified Business Groups in Emerging Economies (with R. Kali), Money and Finance, Vol.2, No. 4, Oct.-Dec. 2000

Older Working Papers

1.      Taxation and Regulation of Bonus Pay, (with Tim Besley), July 2011. (A less technical version was published in Vox and a shorter version is forthcoming in the AEA Papers and Proceedings, May 2013)

2.      Credit Rationing, Wealth Inequality and Allocation of Talent, October 2002, (with Massimo Morelli and Tomas Sjostrom). STICERD Theoretical Economics Discussion Paper TE/2002/441.

3.      Public-Private Partnership for the Provision of Public Goods: Theory and an Application to NGOs (with Tim Besley), August 1999, STICERD Development Economics Discussion Paper Series, DEDPS 17.

4.      Gun Control and the Self Defense Argument, Version: January 2001.

5.    Reputation, Information Externalities, and Discrimination, Version: September 1999.

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Last modified:  October 2014.

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