What is the role of human capital in the regional location of the software industry? Why did policy rate cuts in India t lead to a rapid lowering of the banks' lending rates in the context of the financial crises? How does women's education impact on patrilocal marriage and cultural rms? What is the impact of the quality of teachers on the growth process in a small ecomy with a universal public education system? This volume engages with various such topical issues through an invative use of theory and quantitative tools. The essays underline the significance of ecomic policy having sound theoretical moorings. With an interesting mix of topics that have gained importance in the ecomics discourse in recent times alongside the more classical issues, the volume is divided into three broad themes: (i) general equilibrium, macroecomics, and dynamic modelling in ecomics; (ii) applications of game theory to ecomics and information ecomics; and (iii) applications of theory to policymaking. The topics covered in Part I include Markov processes, general equilibrium under uncertainty, wealth effects and macroecomics, aspects of ecomic 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 liability rules, and liquidity preference. Part III provides a rigorous analysis of some socio-ecomic problems of India.
Krishnendu Ghosh Dastidar is Professor of Economics, Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University, New Delhi. Hiranya Mukhopadhyay is Economist, Asian Development Bank, India Resident Mission. Uday Bhanu Sinha is Associate Professor, Department of Economics, Delhi School of Economics, University of Delhi.