(with Dilip Mookherjee), American Economic Review (Papers and Proceedings) 92, 253–259, 2002.
Summary. We explore the view, further developed in our other work, that inequality is an inevitable consequence of the market mechanism.
(with Dilip Mookherjee), American Economic Review (Papers and Proceedings) 92, 253–259, 2002.
Summary. We explore the view, further developed in our other work, that inequality is an inevitable consequence of the market mechanism.
(with Anindita Mukherjee), Journal of Development Economics 37, 227-264, 1992.
Summary. We model slack season wages in a village economy, in the presence of involuntary unemployment. Our model draws its inspiration from sociological notions of ‘everyday peasant resistance’. A continuum of equilibrium wage configurations is obtained. These configurations, barring one, involve wages exceeding reservation wages, despite the presence of involuntary unemployment.
(with Rajiv Vohra), Journal of Political Economy 109, 1355-1384, 2001.
Summary. We study the provision of public goods when all agents have complete information and can write binding agreements. The focus is on coalition formation as a potential source of inefficiency.