Journal of Economic Perspectives 24 (3), Summer, 45-60, 2010.
Summary. In many developing countries, economic growth has been fundamentally uneven. This article takes the reality of “uneven growth” seriously, and uses it as an organizing device for a research program in Development Economics.
(with Kalyan Chatterjee, Bhaskar Dutta and Kunal Sengupta), Review of Economic Studies 60, 463-477, 1993.
Summary. We explore a sequential-offers model of n-person coalitional bargaining with transferable utility and with time discounting. Our focus is on stationary equilibria of the resulting non-cooperative game. Efficient stationary equilibria converge to a point in the core as the discount factor approaches 1. For strictly convex games, this is the egalitarian solution of Dutta and Ray (Econometrica 1989).
CesIfo Economic Studies 2015.
Summary. Yes, capital must displace labor, but not because r > g. This article is based on this blog post, Branko Milanovic objected here; I replied. Piketty replies to some of his critics here.